August 2019

National accounting group aligns with international network

Moore Stephens Markhams, one of New Zealand’s leading networks of independently owned accountancy and audit firms is relaunching as part of a move to provide stronger global client solutions.

US tax rules - ‘only in America!’

You may think New Zealand’s tax rules are difficult to follow. The following unusual yet permitted deductions in the US may change your mind.

Residential bright-line – what’s the ‘intention’?

The Income Tax Act 2007 has long contained provisions to tax the sale of property (or other assets) acquired with the intention of disposal. However, ‘intention’ is a subjective concept and has been difficult for Inland Revenue to police. Hence, the bright-line test.

New provisional taxpayers beware

Changes to the provisional tax regime, effective from the 2018 tax year, have generally been well received by taxpayers.

GST on land - Holdaway v Ellwood

It is common for disagreements to arise between taxpayers and Inland Revenue on the GST treatment of land transactions, but less common for these disputes to arise between a vendor and purchaser.

Profit vs cash

There’s a massive difference between profit and cash. Let’s explore the differences to make a better plan to increase both.