Words about numbers

The Trusts Act 2019 comes into force on 31st January 2021. If you are a Trustee of a Trust or have a Trust – it is crucial that you are all up to date and ready for the changes.

Since March 2020 different wage subsidies have been available to employers.  We have summarised these for you.

From the 1st of October there will be changes to payments made at a Westpac branch or Smart ATM.

IRD have updated the determination for tax free working from home costs.

We have created some new R&M codes for small value assets and dairy shed related costs.

Legislation changes mean that beneficiaries with loans to Trusts of over $25,000 can be deemed settlors.

When preparing accounts we need to consider whether tree planting is tax deductible or capital expenditure.

Fonterra has made some changes to their Advance Rates. Read more to see the key changes which apply from 1st June 2020.

Trust legislation has had a makeover. So what has changed?

While preparing your 2020 annual records, it is a timely reminder to include any info you have regarding installation of any insulation or heating.

IRD have released a further determination for tax free working from home costs, relating specifically to COVID-19.

Do you own a rental property? Please keep in mind that rents cannot be increased until the end of September 2020.

The Government is working through legislation to ensure farmers whose herds were culled will not face an undue tax burden.

Do you live offshore and are thinking of selling your residential property in NZ? The RLWT rules might apply to you.