Ean Brown Partners
Business Advisors & Chartered Accountants

Giving gifts this holiday season? Make sure you account for the entertainment and Fringe Benefit Tax (FBT) rules.

We’ve broken down the complexities so you can make informed decisions.

As the summer approaches, and with several public holidays on the horizon, it’s crucial for both employers and employees in New Zealand to be well-versed in leave entitlements. Here’s a quick “employment over the holiday period” refresher to guide you through the upcoming holiday season.

ACC is a unique system that provides a comprehensive injury compensation system to individuals who suffer accidental injuries. ACC for business is a key element in the healthcare system.

GST return refunds are under review. Specifically, Inland Revenue are reviewing GST-registered customers who have consistently filed GST returns resulting in refunds. They are intending to locate taxpayers that aren’t carrying on a taxable activity for profit, or those with errors in their returns.

Fair Pay Agreements are now in force. Our August 2023 Newsletter below goes over how they may affect your business.

The National standard costs 2023 and 2023 Herd Scheme Values are now released by Inland Revenue. We’ve prepared a report on trends in livestock values for the 2023 year compared to prior years.

Inland Revenue released the determination of national average market values (Herd Scheme values) for 2023.

Inland Revenue have released the National standard costs for 2023.

While on parental leave you can choose (if your employer agrees) to perform work from time to time, for example, to attend a team day as long as: you only…

According to MBIE, Every year, more than 100,000 New Zealanders are made redundant and laid off, or have to stop working because of a health condition or disability.

Working for Families Tax Credits are payments for families with dependent children aged 18 and under. The payments are to help you raise your family. Entitlements are based on your yearly family income and family circumstances.

Farming is a unique business because it heavily relies on living produce such as crops and livestock. Of course government regulations, the weather and the general economic outlook affect farmers as well. These factors all make farm accounting quite complex.

The short answer is yes – if you are experiencing significant financial hardship as defined by Inland Revenue, you may be able to withdraw your KiwiSaver money. The only thing you can’t withdraw is any government money that has been added.

The more you can claim on expenses, the less tax you will have to pay. Many business expenses can be claimed and sometimes even household expenses, if you are working from home. Do your research on what you can claim. Keep all expense receipts and invoices you receive. Records have to be kept for seven years and may be requested by Inland Revenue.

The basic idea of setting up a family trust is to protect assets and funds.  There are a few things to consider to determine whether setting up a trust is the right choice for you.

If your company goes out of business and you want to apply to remove your company from the Companies Register, you need to meet certain legal obligations under the Companies Act 1993 and to Inland Revenue.

An employee may have time away from work to recover from physical or mental illness, an injury or to care for someone else. They need your support during their recovery and when they return back to work. But how can you support them?