Tax dates for December 2024 and January 2025
Your Christmas gift: we can help you plan ahead this holidays and make sure they are not spoiled by erratic cash flow and unexpected tax obligations. Here's what's due and when.
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House flippers beware
People who are buying and selling properties for profit are being warned they could get a tax bill, even if they hold the house for longer than two years - and even if they have lived in it themselves.
Budget Summary for Small Business Owners with Trusts in 2024
From 1 April 2024, trustee income tax rises to 39%. Trusts earning <$10,000/year and certain special trusts stay at 33%. Inland Revenue clarifies what actions are acceptable. Will this apply to your trust and what actions should you take if it does?
New Tax Thresholds in 2024 Budget
The New Zealand government has unveiled its 2024 Budget with a core election promise delivered regarding tax relief of $2.57b through bracket adjustments.
With an adjustment to income brackets, tax rates remain the same but the thresholds are raised.
Are you eligible for the new FamilyBoost Credit?
Great news for hardworking families! Starting July 1st, parents can get up to 25% of their (ECE) fees reimbursed, up to $75 per week. Eligible families earning up to $180,000 can apply, with details available on Budget Day, May 30, 2024.
Navigating Tax Changes in NZ – What You Need to Know
Stay ahead of the game with the latest tax updates in New Zealand. From changes in property taxation to adjustments in trust tax rates, we've got you covered. Learn how these shifts will affect you as a property owner, investor, or trustee.
What will a National-led government mean for your taxes?
Are you wondering about what are National’s proposed tax changes? Here's what you need to know about shifted income tax brackets, restored interest deductibility, a two-year bright line test and FamilyBoost.
The ‘No frills’ 2023 budget – What does it mean for you?
What’s in this Budget for the Kiwi business owner? From trust taxes to apprenticeships, to avoiding a recession, we look at the items most likely to impact you.
Clothes, rent, meals – what is tax deductible?
What expenses are tax deductible for your small business? Meals with clients, mortgage interest payments, and work uniforms could all be claimable – our quick Q&A will help you learn more.
GST Filing Frequency changing for some customers
From mid-January 2023 the IR has started issuing notices to customers advising them of automatic changes to their GST filing frequency. Here's what you need to know.