Up until 31 March 2024, those people that used Uber and Air BnB platforms had an obligation to comply with the Goods and Services Act. Despite this, many people didn’t pay GST on the income earned from the likes of their driving activities or from letting out their properties. Non-compliance occurred for a variety of […]
Did you know $29 million was the sum allocated to IRD via the Budget? This money is intended for IRD to spend on compliance activities. Particularly it will be utilized to employ 200 additional permanent staff who will focus their efforts on undertaking compliance activity work. Specifically, IRD intends to prioritize the collection of taxes, […]
It’s hardly news … in the past couple of years New Zealanders have been coping with some stormy economic weather care of high inflation. Households have tightened their belts in a bid to cope with high interest rates. Businesses have reported lower sales, putting capital projects on hold and limiting hiring. The tide is turning, […]
If you are in the construction sector, be aware - Inland Revenue is telling businesses and sole traders in this industry to do the right thing and get on top of their tax obligations, or there will be consequences. The Commissioner has said if people do the right thing, they will help them. If they […]
In our work we have the privilege of meeting some really interesting clients. Recently, we provided advice and accounting services to Warren and Jennifer Kavanagh and their brainchild, Cedar Works. In the process of our engagement, Warren gave us some of Cedar Works products to try and we were so impressed, we thought we’d share […]