by Jena Ivamy | Dec 2, 2025 | Latest News
If you or your friends or neighbours have solar panels on the roof of their home it is likely the excess electricity is being sold back to the retailer for a credit on the bill. It is also likely that not much thought has been given to whether that ‘credit’ is...
by Jena Ivamy | Sep 18, 2025 | Latest News
In the past year, Inland Revenue has increased its audit activity after a period of subdued activity that stretched from before the Covid-19 pandemic. As their activity has increased, it has been interesting to see what areas they are focusing on. Observation suggests...
by Jena Ivamy | Sep 18, 2025 | Latest News
A Portfolio Investment Entity (PIE) is a type of investment vehicle that is able to pay tax on behalf of its investors, and depending on the ‘prescribed investor rate’ chosen, the tax liability on the income is able to be capped at 28%. This can be a material benefit...
by Jena Ivamy | Sep 18, 2025 | Latest News
Over the past few months President Donald Trump’s “One Big Beautiful Bill Act” received quite a bit of attention before it was passed on 4 July 2025 – but why the fuss? The key business facing elements included: 100% first-year deduction for U.S. spending on...
by Jena Ivamy | Sep 18, 2025 | Latest News
On 24 February 2025, Inland Revenue released an Officials’ Issues Paper titled Taxation and the not-for-profit sector. The paper sought feedback on several potential areas including the taxation of charity-run businesses, the treatment of donor-controlled charities...
by Jena Ivamy | Sep 18, 2025 | Latest News
Imagine you are pulled over by a police officer and asked “Were you speeding?”, however, your speedo is broken, so you’re actually not sure. That is how it can feel when Inland Revenue (IRD) notifies you of an audit or investigation. On the one hand you know it is...
