Taxation

What are Trustees expected to do? Trustees are expected to know the terms of the Trust and act accordingly, act in good faith and for the benefit of the beneficiaries and exercise their powers for a proper purpose.  Unless specified in the Trust Deed, the Act...

From the 1 April 2022 trusts are required to provide more information on their annual returns for 2022 tax year onwards.   These changes apply to all NZ domestic trusts that derives assessable income more than $200 in a year.   If your trust is non-active, for...

Difficult to get right, expensive to get wrong.  The cause of many head aches for New Zealand Business Owners. Yes, we are talking about provisional tax. If you are new to business or are about to pay provisional tax for the first time, the whole process can...

We know that you’re busy, and that sometimes preparing your end of year information and our processing queries, can at times take up much of your valuable time.   We also understand that there are times of the year when it will suit you best to...

If you have not read our 6 Ways to End the year right article.  Do this now. Once you have reviewed your past performance and got your records ready for your end of year accounting it is time to look to your future. If your business is...

For those with a 31st March Balance Date, the new tax year starts on the 1st of April.  This is an ideal time to look at what is working, and fix what is not.  A great time to plan for your business and financial success. ...

If you have a 31st March balance date, end of financial year is just around the corner for you.  Preparing for end of financial year can really take the hassle out of your end of year accounting and tax returns, but even more important can...

If you have a vehicle that is only used for business purposes, you can claim the full running costs as a business expense.  There are stringent IRD conditions that must be met to ensure full deductibility and it is important you discuss these with us...

In case you have been hiding under a rock for the past few months, there has been significant amount of talk and change as the Government attempts to cool the overheating residential properties market.   As far as the tax world goes, this has all happened...

Borrie Financial Group Limited have compiled this little Tax Tip Sheet around some topical issues  to get you started.   This is by no means exhaustive,  advice is of a generalised nature and not  intended to substitute specific advice around your own unique circumstances. Before undertaking a...