Industry Advice on Finance, Business & Tax for the New Zealand Market

Inland Revenue's latest draft guidance on the Business Continuity Test (BCT) brings a fresh perspective on how companies can carry forward tax losses under new rules. Here's what you need to know.

It is Q2 FBT time and as we mark over 40 years since the establishment of FBT, it’s clear that the workforce has evolved significantly, particularly with the rise of remote work and changes in vehicle usage. Yet, the FBT rules have largely remained static.

Are you hosting short-stay accommodations through platforms like Airbnb, Bookabach, or Holiday Houses? It's essential to understand the GST implications and compliance requirements to ensure you're managing your tax responsibilities effectively.

Recently the NBR published an article on how the Pushpay (church payment and software management company founded in New Zealand) intellectual property (IP) restructure delivered a US$188 million tax benefit to its new owners. This prompted us to write this article and share our thoughts and experience on IP and tax.

Navigating cryptocurrency taxation in New Zealand can be complex, as no overly specific regulations are tailored for cryptocurrencies. Consequently, cryptocurrency transactions are subject to the general principles outlined in the various taxing statutes.

Talented and dedicated youth from North Harbour were honoured at the North Harbour Club's 'AIMES Emerging Talent and Scholarship Awards' on June 13th, with 16 individuals recognised for their outstanding achievements across Arts, Innovation, Music, Education, Sport, and Service to the Community.

The Government's 2024 budget focuses on building a more productive economy, delivering efficient public services and restoring fiscal discipline.

This article explores whether a company can undergo a major shareholding change without losing its tax losses. It examines the conditions under which tax losses can be retained, providing clarity on this complex aspect of tax law.

As the end of the tax year approaches, it's essential to prepare your income tax return promptly to avoid late filing penalties. While the process may seem overwhelming, proper planning and information can streamline it significantly. This article outlines key recent tax changes that may impact your filing, helping you navigate your obligations efficiently and effectively.

With the temperature continuing to rise around the world, it is important for everyone to do their part. The carbon trading system is part of the New Zealand Government’s Emissions Trading Scheme (ETS) and provides a unique opportunity for businesses to reduce their carbon footprint and address the impacts of climate change.

We examine the intricacies of entertainment expenses and fringe benefit tax (FBT) in New Zealand, highlighting key considerations for businesses. It clarifies what qualifies as taxable benefits, offers practical tips for managing FBT obligations, and explores strategies to maximise tax deductions. Understanding these elements is essential for businesses aiming to optimise their tax position while ensuring compliance with relevant regulations.

In today’s evolving business landscape, ensuring proper compensation for shareholders and employees is crucial. This article explores the two main payment methods for business shareholders: shareholder salaries and PAYE (Pay As You Earn). It highlights the advantages and challenges of each, helping you choose the option that best suits your circumstances and optimises compliance and financial benefits.