by Jena Ivamy | Jun 6, 2025 | Latest News
With the New Zealand Budget released on 22 May 2025, it is worth looking over the ditch and seeing whether the grass in Australia is greener as a result of their Budget that was released on 25 March 2025. A tax cut was introduced for individuals. The rate applying to...
by Jena Ivamy | Jun 6, 2025 | Latest News
From the 2021-2022 income years onwards, the Inland Revenue (IRD) introduced increased disclosure requirements for trusts. The increased disclosure requirements were aimed at supporting the Commissioner’s ability to evaluate compliance with tax rules, develop tax...
by Jena Ivamy | Jun 6, 2025 | Latest News
Most people have heard of “tax pooling”. But it is common for people to say they have heard of it “but, I don’t really get it”. Here is an explanation of tax pooling.For the purposes of provisional tax and tax obligations generally, a fundamental aspect is the...
by Jena Ivamy | Jun 6, 2025 | Latest News
When the unexpected happens — a fire, flood, or major equipment failure — insurance proceeds can provide some welcome relief. However, from a tax perspective, how that payment is treated isn’t always as simple as it first appears. While many businesses instinctively...
by Jena Ivamy | Jun 6, 2025 | Latest News
Currently, charities in NZ are broadly exempt from income tax. This is a choice that ‘we’ as a society have made. It is centered on the view that if an organisation is established for a charitable purpose, then ‘we’ should support that organisation and maximise the...
