Quarterly Newsletter

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Ensure you have all your ducks in a row before 31 March balance date.


 

Inland Revenue's Business Transformation

Inland Revenue has been working hard at being easier to do business with. Its new tax system is kicking in, giving you new and simpler ways to manage your GST obligations through myIR.

Enhancements include the traceability of GST transfers, and notifications and alerts sent when there is something for you to do in your myIR account.

Read more ...


 

Residential property sales tax period extended

Revenue Minister Stuart Nash has confirmed the bright-line test on residential property sales will be extended from two years to five years. At present, income tax must be paid on any gains from residential property sold within two years of acquisition, with some exceptions (such as the family home). The extension means that profits from residential investment properties bought and sold within five years will generally be taxable.

Read more ...


Money laundering is big business in New Zealand. Every year $1.35 billion of fraud and drug-related money is laundered through seemingly legitimate businesses. In response, the Government introduced specific Anti-Money Laundering and Countering Financing of Terrorism legislation to address this risk.

Previously, only a few types of organisation had to comply with the legislation. Following amendments to this legislation passed last year, it is now confirmed that this legislation extends to these groups taking effect from these dates (or earlier if the Government legislates by an Order in Council):

Read more ...


WHAT ARE THE NEW GOVERNMENT'S TAX PRIORITIES

?

One of the first questions business owners ask when a new government enters power is what changes, if any, are coming in the area of tax.

Revenue Minister Stuart Nash provided a good steer on that when he addressed Chartered Accountants Australia and New Zealand last November.

Read more ...


Contact Us

If you wish to discuss any of the matters raised in this issue of Dollars and Sense, please contact our office - a member of our friendly team will be happy to assist.

 

Kind Regards

The team
Ean Brown Partners Limited


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Disclaimer

The information contained in this newsletter is of a general nature and should be used as a guide only.
A senior representative of Ean Brown Partners Ltd should be consulted for specific advice before any action is taken.


Meet The Team

Ean Brown
Director/ Chartered Accountant
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Barbara Collinson
Team Manager/ Chartered Accountant
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Andrea Allen
Chartered Accountant/ portfolio specialist
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Flynn O'Meara
Chartered Accountant
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Jared Slatter
Chartered Accountant/ commercial specialist
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Jessie Alison
Chartered Accountant/ tax specialist
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Pam Brown
Accounting Technician/ Kaipara specialist
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Sally Adams
Chartered Accountant
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Valeria Maw
Chartered Accountant/ Kaipara specialist
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Vicki Cozens
Chartered Accountant
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Bonny Rowson
Administration/ marketing specialists
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Julie Jenkins
Administration/ file management specialist
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Renee Marais
Reception
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Sheila Ujdur
Administration/ practice management specialist
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