HOW TO SPREAD THE COST OF YOUR ASSETS BY DEPRECIATION
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Depreciation is a method of accounting for the cost of wear and tear on assets you buy for your business. You can claim a deduction for the wear and tear…
Inland Revenue – Service Disruption
myIR secure online services and phone lines will be unavailable and Inland Revenue offices will be closed from 3pm Thursday 21 October until the morning of Thursday 28 October. If…
Improvements to child support in myIR
Inland Revenue is moving child support into their new system. Clients will be able to see and manage their child support account in myIR. They are hoping for this to…
What You Need to Know Before Closing Your Company
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…
Unable to return to NZ due to COVID-19 & have a student loan?
The COVID-19 pandemic has caused significant delays and restrictions in international travel. As a result, many New Zealanders are still stranded overseas. There are several options available to manage your…
New Top Tax Rate
A new top tax rate of 39% will apply on personal income in excess of $180,000 for the 2021-2022 and later tax years. For most tax payers this will start…
Claiming tax credits for donations 101
Every year New Zealanders generously donate to a variety of charities and organisations. In this blog, we would like to shine light on how to claim tax credits for donations.…
Payday filing due dates over the holidays
Inland Revenue does not consider days between 25 December to 15 January (inclusive) working days. If a pay date falls between these dates, the information will be due on the…
IMPORTANT: Text message from Inland Revenue
If you receive a text message from Inland Revenue, please contact our office, before making any payments. Sometimes the amount due may not be payable and will be paid by…
Preview: Law Changes for 2021
New tax rate for Kiwi’s top earners The new 39% top tax rate bill has made law. From 1 April 2021, Kiwis with a personal income over $180,000 will be…