Category: Tax


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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Year End Checklist

By Hayes Knight – 13 March 2018 Want to reduce your tax bill? With a new financial year about to start for 31 March balance date businesses, now is the time to start planning for year-end. The checklist below will help guide you through the year-end process and show you how to maximise your tax […]

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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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The New Research and Development Tax Credit

By Shelley-ann Brinkley – 14 November 2018 To encourage more business expenditure on R&D, last month the Government introduced draft legislation proposing a new tax credit for eligible R&D expenditure. The credit will apply from the 2019-20 income year and will be administered by Inland Revenue with support from Callaghan Innovation.  While businesses will not […]

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Payday filing – what does it mean for your business?

what does it mean for your business? :: Hayes Knight By Shelley-ann Brinkley – 12 November 2018 Payday filing is a change to the current practice of filing your Employer schedule (IR348) each month. Instead, employment income information will be filed electronically with Inland Revenue each payday. While payday filing has been voluntary since April […]

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Who still wants to be a landlord?

Who still wants to be a landlord? : By Hayes Knight – 9 November 2018 It seems every day you read the newspaper, there are numerous articles focusing on the New Zealand property market. There have been a number of tax changes aimed at softening the property market. In addition, there are various other rules […]

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Rewards of being a Knowledge Shop member

By Hayes Knight – 30 October 2018 What does an accounting firm do to ensure their staff have access to the best accounting resources and support to develop their knowledge and maximise profitability? Many savvy firms throughout New Zealand have joined Hayes Knight’s Knowledge Shop and discovered a reliable solution in the wealth of products, […]

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