In this article, we recap all of the land sale provisions starting with the Brightline test as well as the other rules which can make profits on the sale of land taxable.
Easter Office Hours
Our offices are closed for the Easter break from Friday 2nd April to Tuesday 6th April, re-opening Wednesday 7th April.
Authority to Act Forms
IRD require us to hold signed Authority to Act (ATA) forms for every IRD number. We will be following up outstanding ATAs shortly.
Fee Synergy
You will soon notice some changes with our invoicing process. Read more about our new payment options.
Farm Purchases – Tax Invoices
We frequently see tax invoices across our desks for farm purchases/sales where the houses are recorded as zero-rated. This has potential negative tax implications particularly for the purchaser.
Cashmanager Migrations to Farm Focus
All Cashmanager customers must migrate to the new Farm Focus program by the end of the 2021 calendar year.
Questionnaires
Year End Questionnaires will be going out soon. Just a reminder that all questionnaires that can be emailed, will be emailed.
Minimum Wage
From 1st April 2021 the minimum wage will increase. Find out what this means for your business.
Year End Accounts
Find out which items will assist us with preparing your financial accounts.
Dividends
With the top individual tax rate increasing to 39% on 1st April 2021, we have been reviewing companies to consider whether a dividend should be declared before this tax rate change. Read more here.