Support from the IRD and Banks

Covid-19 support

The IRD have advised that if taxpayers are adversely impacted by COVID-19, and they pay the outstanding core tax as soon as practicable that they will automatically write-off any penalties and interest. Support from the IRD: The type of relief available for new debt due to COVID-19 if you are unable […]

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The Resurgence Support Payment – Round 2

resurgence support

A second payment of the Resurgence Support Payment (RSP) has been announced. Applications will open for the second payment at 8am next Friday, 17 September on Inland Revenue’s website, www.ird.govt.nz. The announcement says businesses will need to show a 30% or more drop in revenue in a 7-day period from 8 […]

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Trust Disclosure Rules

family tree

Are you ready for the changes?   Trustee compliance obligations are set to increase yet again with the introduction of additional tax information disclosure requirements. Inland Revenue will require additional information relating to a trusts and its activities. This will take effect from the 2021-22 financial year and its intent is […]

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Double cab utes and FBT

farm

Do you own a double cab ute and are you exempt from FBT?   If you own a double cab ute you may have seen articles recently about whether or not these vehicles are exempt from FBT (Fringe Benefit Tax). All you need to know courtesy of Stuff. Firstly, what is […]

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