Can I withdraw money from my KiwiSaver if I’m in financial hardship?

Inland Revenue, Taxation

About 355,000 New Zealanders were self-employed in 2021. Sometimes thing don’t go to plan and your expenses end up greater than your income. This short blog looks at how you…

HOW TO SPREAD THE COST OF YOUR ASSETS BY DEPRECIATION

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

Inland Revenue, Legislation

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?

COVID-19, Inland Revenue

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