Category: By Shelley-ann Brinkley


R & D Tax Credits – here we go again

Back in Budget 2007 the then Labour Government introduced a short-lived Research and Development (R&D) tax credit scheme that only lasted for the 2008/09 income year before it was abolished by the in-coming National Government in favour of R&D grants. Fast forward to 2019 and the now Labour Government has reintroduced a R&D tax credit […]

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2019 Year End Checklist

With the new financial year almost upon us, there’s not much time left to ensure you have your ‘house’ in order for 31 March. Our 40-point checklist below will guide you through the year-end process and ensure you maximise your tax deductions and minimise your annual tax bill. Assets Assets purchased costing $500 or less […]

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The Demise of the Residential Rental Loss

Not only have residential investors recently been hit with the extended 5-year bright-line test, the new loss rules will mean many residential rental property owners may struggle to cashflow the costs of owning the property. Draft legislation has been released proposing the ring-fencing of residential rental losses to be in place, in full, from the […]

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AML/CFT Act now applies to Accountants

From 1 October 2018, accountants (and bookkeepers) are required to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. This means where our clients receive services from us which constitute a ‘captured activity’, we will need to undertake Customer Due Diligence (CDD). This will involve us asking you for proof of identity […]

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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 […]

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