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We talk to the NZ Herald about Employee Share Scheme options
The employee share-option route, whereby staff get an option to buy shares at a predetermined price is a popular way to get more buy-in, less churn from staff and hire people you might not otherwise be able to afford. Graham Lawrence talks to the New Zealand Herald.
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Bachs, boats and aircraft: How are these ‘mixed use assets’ taxed?
If you’ve been snared by the mixed use asset rules, then it would be a fair to assume that you’re going to be paying more tax, repaying some GST if you claimed GST when you purchased the asset, and spending more on tax compliance costs.
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How to determine if you are a New Zealand tax resident
I have friends who, even after many years overseas, still proudly call themselves Kiwis. They still faithfully support our sports teams, are always up for a BBQ (even when London temperatures are at freezing point) and maintain a “sweet as” outlook on life. Our patriotic pride would appear to know no bounds; that is until it comes to completing their non-resident income tax return.
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Employee Share Schemes now a viable option for NZ businesses
Up until recently New Zealand legislation has forced the majority of Kiwi businesses to rule out employee share schemes on the grounds that they are too difficult and expensive to implement. What has changed and what benefits do businesses have to look forward to?
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Entertainment and FBT
There may be confusion around understanding the rules for treating valid business entertainment expenses, whether these are deductible, and/or when they may be subject to Fringe Benefit Tax (“FBT”). The questions we get asked by clients are usually “How much can I claim?”, “What types of expenses are claimable?” and “Can I claim benefits for my employees”.