In the Office…
Dutchess Dorothea has returned from a family reunion
Latest News
Snippets
Tax inspectors without borders A new initiative, dubbed “tax inspectors without borders” has been launched to help poor countries crack down on tax avoidance and fund their own development. According to policy research group, Global Financial Integrity, nearly US$1 trillion is estimated to leave poor countries each year in illicit finance, stemming from tax evasion,
Are you a Landlord? Tenancy Law Changes coming
The Government wants to change the law so that everyone renting in New Zealand can live in safer, warmer and healthier homes. Lets see what this means for tenants and landlords. If the changes go ahead, all rental properties would have to meet new insulation standards and be fitted with smoke alarms. This would ensure
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Land – themes of change
There is currently significant public interest in the New Zealand housing market, whether it be issues relating to the Auckland ‘bubble’, property speculation, non-resident buyers, banking restrictions or a combination of these. In response, the Government is introducing a number of changes designed to either directly influence the market, or assist with decision making when
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The impact of ‘dairy’
Fonterra’s latest estimate of the dairy payout for the 2015/16 season is $3.85/kg milk solids. This comes off a record $8.40/kg for the 2013/2014 season. It is estimated the average dairy farmer needs $5.60/kg of milk solids to breakeven, so it goes without saying that financial upheaval is coming, but how significant and wide reaching
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What is the cost of your fixed term debt?
The Reserve Bank of New Zealand uses the Official Cash Rate (OCR) to maintain price stability, i.e. to keep inflation between 1% and 3% over the medium term. Given the recent drop in the OCR (from 3.5% to 3.25%) and the potential for future reductions, it is timely to consider the benefits of changing the
What is the cost of your fixed term debt? Read More »
In the Office…
Congratulations to Rachel in achieving her Bachelor of Accountancy and to Lillian (below) for obtaining a Diploma in business studies – Accounting technicians diploma. Congratulations to you both.
Snippets
Summary of IRD rates Use-of-money interest – the rates on underpaid and overpaid tax rose on 8 May 2015. The interest rate charged on underpaid tax went from 8.40% to 9.21%, and the rate for overpaid tax rose from 1.75% to 2.63%. This movement aims to align the rates with the market interest rates and
Health & Safety Reform
Each year on average, 75 people die on the job and 1 in 10 people are injured at work. With statistics this high, it’s not surprising the Government is reforming New Zealand’s health and safety landscape. A new Health and Safety Reform Bill (the Bill) is currently before Parliament and is expected to pass later
Health & Safety Reform Read More »
2015 Budget
The 2015 budget didn’t really throw up anything too exciting. If you are interested, here is a brief summary courtesy of CCH New Zealand: “No surprises” Budget — well, mostly The big tax headlines were made prior to the budget, with pre-Budget announcements extending the tax rules for residential property sales. Budget 2015 sees some
