Category: Blogs


That one’s now in the bag. What happens when the rubber hits the road?

After an election campaign where millions of dollars of funds were promised by the various parties, the rubber will soon be hitting the road to increase our debt and to deliver on these promises. So what does the weekend’s election results mean for business? Clearly with the Labour party majority, they no longer require other […]

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Top tax rate change – business considerations

With the election less than two weeks away, the business community is discussing the various parties’ policies and considering the potential impact on their business. Of particular interest is the Labour Party’s proposal to reintroduce a top personal tax rate of 39%. With taxpayers looking to maintain tax efficiencies, we expect the IRD will closely […]

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COVID-19 Resurgence Wage Subsidy

Yesterday the Government announced a 2-week COVID-19 Resurgence Wage Subsidy payment that will be available for employers, the self-employed, and independent contractors, who are financially impacted by the resurgence of COVID-19 and changes to Alert Levels. The resurgence wage subsidy is a nationwide wage subsidy which covers the period Auckland is at Alert Level 3 […]

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Covid-19 temporary office closures

In line with the Government’s announcement, the Hayes Knight offices in both Albany and Newmarket, will temporarily close from midday Wednesday 12 August 2020. We anticipate reopening when the Government announces Auckland has moved to Level 2. During this period our team are working remotely from home. Please continue to contact your Hayes Knight advisor […]

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Don’t waste a good crisis!

We are delighted to bring you an inspiring article written by our client, iFLY Indoor Skydiving, who shares their personal insight on how they have used the challenges presented by Covid 19 to ‘pivot’ their business – maximising opportunities and minimising detrimental impacts on cashflow and other aspects that are critical to the survival of […]

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Team New Zealand – What went wrong?

If you were following the news last month you may be wondering what Team New Zealand did wrong, and how you can ensure that it won’t happen to your business. Team New Zealand inadvertently relied on a fraudulent phishing email advising a supplier’s change in bank account number. This resulted in Team New Zealand paying […]

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Australia dual residency risk

Recent changes in Australia could mean a New Zealand business may be deemed to be tax resident in both Australia and New Zealand, even if the business does not trade in Australia. Being dual resident can impact on the New Zealand business in a number of ways, including needing to determine the primary place of […]

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Jacko Gill’s road to Tokyo

Hayes Knight has been a sponsor of top performing athlete Jacko Gill for a few years now. Our support has allowed Jacko to compete at international competitions in the lead up to representing New Zealand in shot put at the Tokyo Olympics that were originally scheduled for this month. We recently asked Jacko how the […]

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Strengthening our national and international capabilities

We are excited to announce that Hayes Knight has recently joined the Nexia International network, the 9th largest international accounting network in the world. Through our new network, we are looking forward to providing our clients with even stronger national and global connections. With a Nexia office in Christchurch and seven Nexia offices throughout Australia, the […]

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How to reduce your ACC levies

ACC levies can be a significant cost for businesses operating in high-risk industries such as forestry, construction, and road freight transport among many others. We see more and more clients burdened by the costs associated with operating in a high-risk industry while also paying significant ACC on wages to employees not involved in the high-risk […]

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