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News & Views

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Disappointing News for Property Investors

The Government has chosen to delay the phasing out of the interest limitation rule for residential property investors, as outlined in the coalition agreement between National and Act parties.

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Clarity Around Over-Taxation of Low-Earning Trusts

The Hon Nicola Willis, Minister of Finance, has recently unveiled proposed amendments to tax legislation aimed at rectifying the over-taxation of low-earning trusts.

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Freeze Dried Foods (FDF)

The story of Freeze Dried Foods (FDF) stands out as a testament to hard work, dedication, and strategic partnerships.

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End of Year Write-Offs

As increasing interest rates have bitten and with industry sectors such as retail and construction not performing as strongly, some businesses are struggling. As the end of the financial year approaches, now is a good time to assess whether any of your accounts receivable need to be written off as ‘bad’.

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Extracting Cash Tax-Free from a Company

For 99.9% of the time, New Zealand companies are incorporated to operate a business and derive income.

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Trust Disclosure Regime

After the introduction of the Trust Disclosure rules in March 2022, in November 2023 Inland Revenue released a high-level summary (in the form of a 40-page report) of insights from the first year of reporting. While tax advisors and clients alike may have begrudgingly completed the disclosures initially, the statistics may prove to be interesting.

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De Facto Relationship or Not?

The Working for Families Tax Credit (WFFTC) is a notoriously complex scheme when it comes to determining eligibility and quantifying entitlement. This leads you to wonder how well the scheme is policed by Inland Revenue, and whether fraud is able to ‘fly under the radar’.

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Beware of Deemed Dividends

The concept of what is a “dividend” is very broad and starts with the default proposition that any transfer of value from a company to a shareholder is a dividend. That concept includes the simple scenario of an interest free loan to a shareholder or a person associated to a shareholder; which can also include loans between companies.

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Laura Fergusson Trust

The Laura Fergusson Trust is an independent charity providing residential, rehabilitation, respite and recreational services for adults with physical or neurological impairments.

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New Wayz Consulting

In the dynamic landscape of the pharmaceutical manufacturing industry, New Wayz Consulting has emerged as a trusted boutique consultancy.