November 2022

Did COVID come with a silver lining for some pharmacy businesses?

COVID provided a welcome boost financially for many of New Zealand’s community pharmacy businesses. This is the key finding of the Moore Markhams 2022 New Zealand pharmacy benchmarking survey.

Driscoll Motors | A century of service

Wellington’s Driscoll Motors will clock up 100 years in business next year, owing to its adaptability and proud history of strong customer service. Moore Markhams Wellington has helped them on that journey.

Update - GST on farmhouses and holiday homes

Is your farm house the ‘headquarter’ of the farm? Is your bach, or home office GST-claimable? Are you up with the rules?

GST 101 - common claiming mistakes

New Zealand’s Goods and Services Tax (GST) system is often praised for being a simple broad-based tax. But this doesn’t mean mistakes don’t happen. We outline some of common ones.  

FBT – does it function well as intended?

A recent Inland Revenue report found that although FBT is performing its task of taxing non-cash benefits and hence supports the tax system, it was inconclusive as to whether FBT functions well. We explore this further.

Rollover relief for close relationship transfers

Parents wishing to assist their children with buying residential property should carefully consider the ownership structure and alternate options before settlement. Inland Revenue has issued a draft interpretation regarding bright-line application in family and close relationship transactions.