March 2018 - Hayes Knight

Month: March 2018

Nicola Pollard

Senior Manager – Business Advisory, B.Com, Grad Dip Com, CA

Is AIM right for you? Understanding the new provisional tax option

AIM (Accounting Income Method) is a new provisional tax payment method that small businesses can use from 1 April 2018. Taxpayers who currently use AIM capable software (or have the software in place by 1 April 2018) and whose turnover is less than $5m can choose to use the new AIM method. At the time […]

Auckland drivers to bear the brunt of new fuel tax

By Shelley-ann Brinkley – 27 March 2018 Draft legislation for the proposed regional fuel tax was introduced to Parliament late last week, (Land Transport Management (Regional Fuel Tax) Amendment Bill (38-1)) and is expected to be passed in June with an implementation date from 1 July 2018. The purpose of the fuel tax is to […]

Auckland drivers to bear the brunt of new fuel tax

Draft legislation for the proposed regional fuel tax was introduced to Parliament late last week, (Land Transport Management (Regional Fuel Tax) Amendment Bill (38-1)) and is expected to be passed in June with an implementation date from 1 July 2018. The purpose of the fuel tax is to establish a mechanism to gather funding […]

Rental Losses to be Ring-Fenced

Another so-called tax ‘loop-hole’ about to be closed On the Labour party’s pre-election tax policy wish-list was the ring-fencing of residential rental losses. Over the weekend the Revenue Minister, in his speech to IFAC in Queenstown, confirmed that this was a current priority of the Government and we are therefore likely to see draft legislation […]