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FOOD FOR THOUGHT

Graham Lawrence

Recent Posts

Are you remembering your obligations under investment property tax law?

Posted by Graham Lawrence on March 07, 2017

Property taxation is currently a hot area of focus for the Tax Department. If you’re buying, selling or renting property in New Zealand, it’s important to understand how property taxation works and your responsibilities as a business owner.

 

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Topics: Tax, Property

Becoming a transitional tax resident: What you need to know

Posted by Graham Lawrence on February 28, 2017

If you are moving to New Zealand, or are returning to New Zealand from overseas, then you could quality for the transitional tax resident exemption. We explain what this means and how it impacts your tax obligations.

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Topics: Tax

Should 'tax' be on today's advisory board agendas?

Posted by Graham Lawrence on February 21, 2017

As the tax landscape continues to change with increased complexity of tax regulation both domestically and overseas, the management of tax is fast becoming a necessary part of today’s advisory board agendas. Graham Lawrence gives some important advice to business owners who want to get it right.

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Topics: Tax, SME Governance, Advisory Boards

Fringe benefit tax guide: 12 FBT mistakes that hurt your profitability

Posted by Graham Lawrence on February 16, 2017

From our experience, many businesses consistently fail to give Fringe Benefit Tax (FBT) the attention it deserves; a decision that will inevitably hurt business profitability. The correct treatment of FBT is a strategic issue that business leaders are ultimately responsible for. Following a recent review, the Tax Department has made clear its intentions to crack-down on incorrect FBT compliance.

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Topics: Tax, Fringe Benefit Tax

The IRD is looking to change the way tax looks for small businesses – be sure to have your say

Posted by Graham Lawrence on July 08, 2016

The IRD is in the process of transforming its operations to make it faster and easier for New Zealanders and businesses to pay the right tax and receive the entitlements they should.

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Topics: Tax

Tax credit available for loss making research and development companies

Posted by Graham Lawrence on April 29, 2016

The Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 introduces new rules that will allow companies engaging in intensive research and development activities to cash out their tax losses for research and development expenditure. The new rules underpin the Governments Business Growth Agenda around encouraging business innovation and recognises that research and development is a key element in this process.

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Topics: Tax

Government releases $187m business tax package

Posted by Graham Lawrence on April 20, 2016

SMEs are estimated to make up 97% of enterprises in New Zealand and employ 30% of the workforce, excluding self-employed. Put simply, SMEs play a critical part in the economy and at a time when businesses are striving to better use resources, it is pleasing to see the Government announce a largely positive and pro-business tax package as part of the Inland Revenue’s Business Transformation and as one of the many measures we will see in Budget 2016.

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Topics: Tax, Efficiency

IRD Focus - Paper gains causes tax headaches

Posted by Graham Lawrence on April 14, 2016

At a time when the tax landscape continues to change, it appears an old established rule dating back to the 90’s has become one of the focuses of the New Zealand Tax Department's current compliance programme.

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Topics: Tax, Change

What are the practical implications of the new property tax rules?

Posted by Graham Lawrence on October 16, 2015

As many readers now know, a new wave of tax compliance has been imposed on taxpayers who purchase residential properties. Unfortunately, for the unsuspecting few, this could lead to a visit from the Tax Department. So as the dust settles on the new property tax rules what do taxpayers need to be aware of and what is the likely future impact of the changes?

 

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Topics: Tax, Property

Fringe benefit tax on motor vehicles used by employees

Posted by Graham Lawrence on September 16, 2015

Making savings with your FBT can save you a few thousand a year - and being smart around how you make available company vehicles to employees is one option. Graham Lawrence reports.

 

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Topics: Tax