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39% Trust tax rate

On 18 May 2023, the government introduced the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill. The Bill includes draft legislation that will see the trust tax rate increase from 33% to 39% from 1 April 2024, thereby aligning it with the top personal marginal tax rate.

29 Aug 2023 Read more
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GST registration checks

A standard data policing check completed by Inland Revenue is to review taxpayer GST filing patterns to identify taxpayers that are GST registered, but perhaps shouldn’t be.

29 Aug 2023 Read more
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Leaky home repairs concluded as not deductible

The leaky homes crisis represents one of the most severe problems faced by New Zealand’s property sector and continues to cause stress and anxiety for those affected. Adding to the uncertainty for rental property owners has been the question of whether repair costs are immediately deductible as ’repairs and maintenance’ (R&M).

29 Aug 2023 Read more
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Tax policy from two sides of the political aisle

Given that either Labour or National are likely to enter into coalition agreements of some form with the Green Party and Act, respectively, and the tax policies of the two main parties are more ‘vanilla’, it is worth reviewing the tax policies of the two minor parties as this is where unexpected change may come from.

29 Aug 2023 Read more
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Tax ourselves out of recession?

The buoyant covid subsidy funded days are behind us, New Zealand has entered a ‘technical’ recession. This was reinforced by the recent announcement that New Zealand’s corporate tax paid was almost 11% down in the 11 months to May relative to Government expectations.

29 Aug 2023 Read more
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Staff Incentives: How to Engage Staff in a Changing World

In today's fast-paced and competitive business world, it is crucial to recognise that behind every successful organisation are its dedicated and talented employees.

25 Aug 2023 Read more
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SUSTAINABLE BUSINESS IS SMART BUSINESS: ESG WEBINAR

ESG has become the topic of the day and with recent developments the spotlight on sustainable business practices has become much brighter.

8 Aug 2023 Read more
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The Power of Continuous Development: Staying Ahead in the World of Professional Services

Continuous development is essential in the finance and accounting world to stay credible and excel in the profession. At Moore Markhams, we prioritise ongoing learning to navigate regulatory changes, enhance technical competence, nurture industry expertise, foster innovation, boost credibility and trust, and attract top talent. By investing in our staff's growth and staying ahead of the curve, we solidify our position as a trusted partner in our clients' financial journey.

2 Aug 2023 Read more
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Trustee tax rate increasing to 39%

The Budget 2023 announced a key change increasing the trustee tax rate from 33% to 39% from the 2024/2025 (generally 1 April 2024). This change is aimed at improving the integrity of the tax system by aligning the trustee tax rate in line with the top personal bracket of 39% which was introduced from 1 April 2021.  

24 Jul 2023 Read more
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From Intern to Manager

Tom Offen, a Manager at Moore Markhams Otago, shares his story, starting as an intern and progressing through the ranks. Read on as he sheds a light on his journey, the diverse range of clients he works with, and his passion for the accounting profession.

29 Jun 2023 Read more
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