August 2025

Snippet: The Big and the Beautiful

Over the past few months President Donald Trump’s “One Big Beautiful Bill Act” received quite a bit of attention before it was passed on 4 July 2025 - but why the fuss.

Moore Markhams
Read more
Financial Conduct in Focus: FMA Sets Out 2025 Priorities

The Financial Markets Authority (FMA) has issued its first Financial Conduct Report (FCR). The purpose of the report is to be transparent about the conduct that it sees and the regulatory priorities it will focus on over the coming year. Regardless of size, businesses don’t operate in a vacuum and are increasingly being impacted by micro and macro forces. Highlights from the FCR include the following plans.

Moore Markhams
Read more
Strengthening or Stifling: Taxation and the Not-For-Profit Sector

On 24 February 2025, Inland Revenue released an Officials’ Issues Paper titled Taxation and the not-for-profit sector. The paper sought feedback on several potential areas including the taxation of charity-run businesses, the treatment of donor-controlled charities and long-standing exemptions that may no longer be fit for purpose. It marked the beginning of what could have been significant changes to how charities are taxed in New Zealand.

Moore Markhams
Read more
Navigating IRD Reviews: Why It’s Better to Hit the Brakes Early

Imagine you are pulled over by a police officer and asked “were you speeding?”, however, your speedo is broken, so you’re actually not sure. That is how it can feel when Inland Revenue (IRD) notifies you of an audit or investigation. On the one hand you know it is ‘part and parcel’ of doing business, on the other hand it is the last thing you need.

Moore Markhams
Read more
Snippet: A good PIE

A Portfolio Investment Entity (PIE) is a type of investment vehicle that is able to pay tax on behalf of its investors, and depending on the ‘prescribed investor rate’ chosen, the tax liability on the income is able to be capped at 28%. This can be a material benefit to investing in a PIE - depending on the circumstances of a specific investor.

Moore Markhams
Read more
New Investment Boost: A Timely Win for Capital Expenditure

On 22 May 2025, as part of the 2025 Budget, the Government introduced a new tax incentive called the ‘Investment Boost’, aimed at encouraging capital investment. It allows an immediate upfront deduction for 20% of the cost of an eligible asset. The new legislation applies from 22 May 2025.

Moore Markhams
Read more