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The impact of new ‘Labour Hire Arrangements’ tax rules on businesses
From 1 April 2017, tax must be deducted from all payments made to contractors working under a ‘labour hire arrangement’ for a labour hire business. This change will impact many businesses and different industries such as: employment agencies, ‘temp’ agencies, on-hire businesses as well as the wider recruitment, IT and healthcare industries.
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What is the bright line test for residential property?
In 2015, the Tax Department introduced a ‘bright-line test’ for the sale of residential property. If you buy and sell a property within two years, this test is used to determine if you are required to pay tax on the profit. We explain how the bright-line test works and the responsibilities of residential property owners.
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Are you remembering your obligations under investment property tax law?
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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Becoming a transitional tax resident: What you need to know
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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Should ‘tax’ be on today’s advisory board agendas?
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.
