Last night, I read through the 194-page interim report from The Tax Working Group (TWG), which is a culmination of months of work reviewing submissions. Having given the report the sleep test overnight, here are my first impressions....
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Listening to the Minister of Finance Grant Robertson in the budget lock-up this morning highlighted to me the importance tax plays. Most people want to pay their fair share of tax, but the complexity of tax continues to evolve...
2017 marked the first year the Inland Revenue had a dedicated audit team which focused on Fringe Benefit Tax (FBT). While FBT makes up less than 5% of the Government’s tax take, the reviews proved that FBT has now...
Effective KPI reporting is built on transparency, accountability, and comprehensive communication. It can help businesses to reduce costs, identify new opportunities, and make better decisions. It provides an opportunity for staff at all levels of a business to reflect on their...
Family. Gifts. Carols, baubles, tinsel on the tree. When it comes to Christmas time, these are the things that most Kiwis are going to be thinking about—but there’s one more thing that business owners need to keep in mind...
A massive overhaul and rewrite to trust law in New Zealand is currently underway—and your trust may be affected. The IRD are taking a long, hard look at trusts that don’t make commercial sense, but still manage to deliver...
If you use a company vehicle as a benefit for your employees, you need to make sure you’re keeping the IRD happy over the holidays. Here’s what you need to know: What is fringe benefit tax? Any...
‘Tis the season of giving! But if you’re planning to give your clients and/or employees a present this year, you should temper your generosity of spirit with the correct tax treatment of gifts for employees. After all, you wouldn’t...
Selecting the right KPIs for your business is an important part of achieving your strategic goals. However, with the masses of data available to businesses in the digital age, it can be difficult to know which KPIs will deliver the...
A familiar scene: you’re on your way to a board meeting alongside your C-suite. You and your team have formulated a plan that could revolutionise the business, but you need board approval to get started. You’re happy with it,...