As you may be aware, the IRD have changed the way they accept payments from you. From 1 October 2014, your payment needs to be with the IRD on or before the due date. This means that the common practice of sending cheques on the due date won’t be allowed. For client’s who we send […]
IRD – Important Changes to Payment Services Read More »
Currently, most information provided to the IRD is confidential and is not able to be shared with third parties, including other Government departments. This means that in the event the IRD investigates a taxpayer and uncovers evidence of illegal activities, under current law this information cannot be shared with the police. Under recently enacted legislation,
IRD to share information with police Read More »
If you receive any insurance payments, they may affect the amount of tax you pay. If you’re a business or rental property owner, you may need to declare some insurance payments in your income tax and GST returns. These could affect the amount of tax you pay. For example, the following insurance payments are taxable:
Declaring insurance payments Read More »
The motor vehicle mileage rate is reviewed every year and the rate for 2014 will remain at 77 cents a kilometre for both petrol and diesel fuel vehicles. You can choose to use the actual costs rather than the mileage rate. If you do this, you must keep records to support any expenditure you claim.
2014 Mileage Rates Read More »
