Tax Relief Tax ourselves out of recession? 29 August 2023 Moore Markhams 0 comments 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. Read more Reimbursing employee working from home costs 29 November 2020 0 comments Here’s how you should be treating employee reimbursements for tax for those working from home this year Read more Payments to staff for costs incurred working from home 27 May 2020 0 comments Some employers have made, or intend to make, payments to employees to reimburse costs incurred by their employees working from home during the COVID-19 pandemic. Inland Revenue has clarified the tax treatment of such payments made from 17 March 2020 to 17 September 2020. Read more Tax changes in response to Covid-19 15 May 2020 0 comments In addition to the tax loss carry-back scheme, the New Zealand Government has introduced various tax changes to assist businesses and individuals to get through COVID-19. Read more How carry back of tax losses can help you through COVID-19 15 May 2020 0 comments As part of the Government’s Covid-19 response, on 30 April 2020 legislation was passed under urgency that allows tax losses to be offset against income derived in a previous year, thereby enabling the taxpayer to obtain a refund comprising prior year income tax paid. This temporary tax loss carry-back scheme is available to most taxpayers, e.g. trusts, companies and individuals. Read more Tax relief packages for SMEs 14 April 2020 0 comments The Government has announced (April 15) a further set of tax proposals to help businesses manage the impacts of COVID-19. In summary: Read more Tax changes worth noting 14 April 2020 0 comments There have been several tax changes recently. Some of the important ones are listed here: Read more Employee phones and PAYE / FBT 26 February 2020 0 comments The devil is in the detail and there are conditions around employees using mobile phones and how PAYE and FBT rules apply. Recently Inland Revenue provided an easy rule of thumb for employers to adopt. Read more
Tax ourselves out of recession? 29 August 2023 Moore Markhams 0 comments 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. Read more
Reimbursing employee working from home costs 29 November 2020 0 comments Here’s how you should be treating employee reimbursements for tax for those working from home this year Read more
Payments to staff for costs incurred working from home 27 May 2020 0 comments Some employers have made, or intend to make, payments to employees to reimburse costs incurred by their employees working from home during the COVID-19 pandemic. Inland Revenue has clarified the tax treatment of such payments made from 17 March 2020 to 17 September 2020. Read more
Tax changes in response to Covid-19 15 May 2020 0 comments In addition to the tax loss carry-back scheme, the New Zealand Government has introduced various tax changes to assist businesses and individuals to get through COVID-19. Read more
How carry back of tax losses can help you through COVID-19 15 May 2020 0 comments As part of the Government’s Covid-19 response, on 30 April 2020 legislation was passed under urgency that allows tax losses to be offset against income derived in a previous year, thereby enabling the taxpayer to obtain a refund comprising prior year income tax paid. This temporary tax loss carry-back scheme is available to most taxpayers, e.g. trusts, companies and individuals. Read more
Tax relief packages for SMEs 14 April 2020 0 comments The Government has announced (April 15) a further set of tax proposals to help businesses manage the impacts of COVID-19. In summary: Read more
Tax changes worth noting 14 April 2020 0 comments There have been several tax changes recently. Some of the important ones are listed here: Read more
Employee phones and PAYE / FBT 26 February 2020 0 comments The devil is in the detail and there are conditions around employees using mobile phones and how PAYE and FBT rules apply. Recently Inland Revenue provided an easy rule of thumb for employers to adopt. Read more