The following information was supplied by Valuit, Specialists in property valuation Depreciation – now every reason to claim and no reason not to! Over recent years a couple of things have held many investors back from claiming their full depreciation entitlement, and accountants from recommending it. Uncertainty over what IRD would allow to be separated from [...]

March heralds the end of the tax year for the majority of small businesses in New Zealand. The lead-up to the filing deadline in July is an unpleasant experience for many; involving countless late nights wading through unruly piles of receipts, invoices, and statements, trying to make sense of transactions from nine months ago, or [...]

For many of us, 31 March 2011 is the end of our tax year. This list is a summary of common matters that you may need to address. Please speakto your Accounting or Taxation advisor if you have any queries. Note the items that are relevant to you. GENERAL Extension of time arrangements 31 March [...]

WELLINGTON -(Dow Jones)- Finance Minister Bill English said Wednesday that tax changes that will come into effect April 1 will further rebalance New Zealand’s economy towards savings and exports. “Cutting the company tax rate will make New Zealand more competitive and increase incentives for businesses to reinvest earnings back into jobs and growth,” English said. [...]

As you should now be aware, LAQC’s will cease to exist on 31 March 2011 although you can elect for your LAQC to become a look-through company (LTC) from 1 April 2011. In the meantime, you need to decide whether  the current shareholding of your LAQC is appropriate.  This is because the shareholding will easy [...]