Category: By Shelley-ann Brinkley


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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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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Trust Health check – is your trust still fit for purpose?

Due to changes being introduced by the new Trusts Act it will be prudent to undertake a health check on your Trust this year. Many trusts have been set up for the purposes of achieving asset protection, estate planning or structuring efficiencies, and those purposes are more than likely still valid today. The new Trusts […]

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SME Relief Package

Yesterday, the Minister of Finance announced a package of new measures to provide relief for SME businesses impacted by Covid-19 in addition to those measures already released. The new measures include a tax loss carry-back scheme, introduction of the ‘same business test’ for tax loss carry forward, ability of IR to modify tax timeframes and […]

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Covid-19 Business Support Package

Yesterday the Government unveiled its $12.1 billion support package for businesses affected by Covid-19. Below we set out the highlights and provide some details of the key measures: $5.1 billion wage subsidy package $2.8 billion towards benefit increases doubling of the Winter Energy Payment $2.8 billion for tax changes to free up cash flow $126.5 […]

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Countdown to Tokyo

After overcoming myocarditis and a torn pec tendon in 2018, our sponsored athlete, Jacko Gill, has had a fantastic 2019. Jacko’s 2019 season started with a new Personal Best in the Czech Republic competition which saw him qualify for the Tokyo Olympics in August 2020. Jacko continued to improve in all of his five European […]

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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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