Category: Latest Articles


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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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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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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Brightline Test for ‘Off The Plan’ Property Purchases

Most property investors in New Zealand will be aware that the Brightline Test for Residential Land dictates that gains from the disposal of residential land acquired and disposed of within five years will be taxable, subject to some exceptions.  Pretty straight-forward, right?  Well, like most tax legislation, there are areas that can catch taxpayers out. […]

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Access Covid-19 Funding Support with Hayes Knight

We are pleased to announce that Hayes Knight has been approved as a Covid-19 Service Provider with the Regional Business Partner Network (RBPN). If your business is registered with RBPN, then you may be entitled to up to $5,000 fully funded Covid-19 support. We have been approved for the following support services: Covid-19 Cashflow forecasting […]

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Government’s SME Cashflow Loan Scheme

On 30 April the Government announced the Small Business Cashflow Loan Scheme (Scheme) which will lend funds of up to $100,000 to businesses employing 50 or fewer full-time equivalent employees. This announcement is the latest in a number of significant business support measures that the Government has introduced to mitigate the impact Covid-19 is having […]

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Online Client Portal

In response to client demand, we have adopted a Virtual Cabinet Online Client Portal to improve the security of your confidential documents and our communication.  The Online Portal will encrypt documents and will provide efficiencies with signing documents through enabling electronic signatures. Security Unlike email and other traditional communication platforms, our new client portal transmits […]

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