News & Practice Updates
Changes to Trusts’ reporting requirements under new Tax Act
December 17, 2020
From the 2021 tax year, new reporting requirements will come into place for trusts. Find out how this will impact you and your trust.
Mileage rates for motor vehicles updated by IRD for the 2019/2020 year onwards
December 15, 2020
Inland Revenue has now finalised the kilometre rates to be used for the 2019/2020 income year for business motor vehicle expenditure claims.
Increase to the top tax rate for individual taxpayers
December 8, 2020
The Government is expected to increase the top tax rate for individual taxpayers to 39% on income over $180,000. Read on to find out when this change comes into place and how it will impact you.
The Trusts Act 2019 - how will it impact you?
December 4, 2020
Is your trust still relevant to your situation? The Trusts Act 2019 comes into effect in January 2021. Read on to find out more about your obligations and responsibilities under the law.
Don’t trip! GST mistakes to avoid
November 27, 2020
Get on top of GST in your business by knowing when it’s due, what to pay, and using your accounting software.
Top 10 time wasters to avoid
November 20, 2020
Struggling with disruptions, shifting priorities and frustrating re-work? Look at how to streamline your processes and boost your efficiency.
How to safeguard your team’s mental health
October 2, 2020
There’s no single solution when it comes to taking care of your employees’ wellbeing. When you work remotely make sure you stay connected to your team and check-in, support each other and agree on the priorities.
Managing debt in your small business
September 28, 2020
Debt is a business risk but it is also a positive tool that is usually necessary in order to fund your growth. When debt levels grow, we can help you put a plan in place to manage it.
September 25, 2020
Are you interested in knowing the value of your business? Read on to find out how we can help you.
The COVID-19 wage subsidy is over – what next?
September 21, 2020
With the COVID-19 wage subsidy now coming to an end, what are the next steps you should take to assess how you can continue to operate in this changed environment?
COVID-19 Support & Office Relocation
August 28, 2020
The latest update regarding COVID-19 support that's available, and an update of our office relocation.
Latest COVID-19 assistance update
June 6, 2020
The latest update regarding COVID-19 assistance
Changes from Xero in the last quarter
June 1, 2020
Find out more about the latest changes from Xero and how they can help you.
Electronic signature updates
May 25, 2020
With the sudden prevalence of electronic signatures, you can be assured that it is a genuine and valid method to ratify a document. And now it's a service we can begin offering you on certain tax documents.
COVID-19 suport reminder
May 22, 2020
A reminder of what assistance might be available to you as a result of the COVID-19 pandemic.
Your quarterly Fringe Benefits Tax return is due soon
May 18, 2020
A reminder that quarterly FBT returns are due soon. Stay on top of your tax obligations so you can get on with operating your business.
Successfully implement change in your business
May 18, 2020
70% of change projects within a business fail. And the biggest factor for success is employee engagement. Get the team onboard, and find out how successfully make changes within your business.
The COVID-19 small business cashflow lending arrangement
May 12, 2020
Update regarding the COVID-19 small business cashflow loan scheme
COVID-19 update at Level 3
May 1, 2020
Further updates regarding COVID-19 support and assistance as we enter Level 3
What to do with your website during a crisis
April 27, 2020
Your website is usually the first place a new customer will go when they are looking for your products and services. Therefore during a crisis you should use your homepage to update your customers on how they can continue to access your products and services.
The latest update regarding support for businesses impacted by COVID-19
April 17, 2020
The latest update regarding COVID-19 as the Government announces tax changes to support businesses.
Updates to measures to support business affected by COVID-19
April 5, 2020
The latest update regarding COVID-19 support and assistance for businesses
COVID-19 assistance update
March 27, 2020
More information regarding the resources and assistance available during these uncertain times.
COVID-19 Assistance - update on wage subsidies
March 27, 2020
Update on wage subsidies from the Government relating to COVID-19 assistance to businesses
COVID-19 impact assistance and resources
March 19, 2020
From a financial or business perspective, continuity and remaining a viable business are genuine concerns during this uncertain time. Find out more about the resources to help you identify your position and cope as the situation evolves.
6 secrets to getting prompt payment
March 13, 2020
Late payments can cause big issues, so stay on top of your invoicing with a proactive strategy.
New Trust laws to come in place next year
March 10, 2020
The Trust Act has been updated and improved for the first time in 60 years, and on 30 January 2021 the new law will come into effect.
Are you paying too much tax?
March 9, 2020
As one financial year ends and a new one is about to begin, it is a good time to review your financial affairs and ensure you are paying only what you need to while remaining compliant.
Common GST errors that will impact on your business
March 6, 2020
Whether you file the GST return yourself or whether you use our services, it is useful to understand some of the common errors that can happen.
Crisis event planning for your business
March 1, 2020
Having a plan in place for an unexpected crisis is vital to protect your business. With the current threat of a global pandemic, now may be the time to check if your plan is up to date.
Xero education month - February 2020
January 28, 2020
Xero are running a series of free online webinars designed to help you brush up on your Xero skills or you can learn more about how it works if you are considering moving onto Xero.
Reimbursing an employee for their cost of telecommunication tools and usage plans
January 26, 2020
The guidance enables the employers the option of applying certain percentages to make allocation between business and private use of telecommunication tools and usage plans
Mileage rate reimbursements
December 16, 2019
Updated mileage rates for 2018-2019 are available and outlined in this article
Planning for seasonal dips in income
December 12, 2019
Seasonal dips in income can be highly challenging when you're a small business, but there are ways to predict, plan and overcome these dips in revenue.
Understanding your statement of cash flows
December 10, 2019
The statement of cash flows shows how your business has generated and used cash within a specific time period.
Ring-fencing rental losses
December 9, 2019
From 2019-20 income year, landlords can no longer offset their residential properties deductions against their other income
The importance of tax planning for directors
October 16, 2019
Paying tax is necessary but there are ways to make it a less costly and onerous task to complete
Automation can ease your business load
October 10, 2019
Are you drowning in business admin? Automation is an important way to ease your load
Provisional tax explained
October 1, 2019
Provisional tax is income tax paid in advance of the end of the financial year, or paid as you go.
IRD and ACC will no longer accept cheques for payment
September 12, 2019
IRD and ACC have announced today that from March next year they will no longer accept cheques as payment for tax and ACC liabilities from customers who are able to use alternative payment options.
Not paying your tax on time just got more expensive
July 5, 2019
IRD have increased interest rates charged on late tax payments
Keeping debt low through proactive credit control
June 25, 2019
Having a large amount of debt in your business is bad for cashflow, weakens your overall financial health and brings down your credit score as a business. So when customers don't pay on time, that 'aged debt' is bad news for your finances.
What you need to know about claiming home office expenses
June 25, 2019
If you have a home office for your business, you should be able to claim some of the running costs and it is important to be aware of what you can and can't claim, and the record-keeping involved
Tips for improving your business performance
June 23, 2019
Here are some simple tips to drive business performance
Accounting Information Method (AIM) Provisional Tax
April 4, 2019
For those who are interested in adopting AIM to pay their provisional tax
Capital gains tax - how it will affect you?
March 26, 2019
The coalition government's tax working group has now delivered its final report on the future of tax in NZ, including a recommendation on capital gains tax.
Charitable donations - here’s what you need to know
March 24, 2019
Donating to charity not only supports the vital work of an organisation or group, but it can have positive side-effects when it comes to claiming tax deductions. To be eligible for a tax credit, you need to make sure that your contributions meet certain conditions, and that you’re making a legitimate claim.
Payday filling is here for employers
March 20, 2019
From the April 1st, every time you pay staff, payroll information must be filed with Inland Revenue. Under the current system information like the amount of tax a staff member has paid, or their contributions to KiwiSaver is contributed through the Employer Monthly Schedule.
Anti-Money Laundering laws comes into effect for accountants
December 4, 2018
Find out how the new Anti Money Laundering rules might affect you and your situation
Changes to claiming deductions for running a motor vehicle in business
July 11, 2018
Changes have been made to some of the ways that motor vehicle operating costs can be claimed for business purposes.
Accountants struggle with IRD
June 27, 2018
We have been experiencing issues with Inland Revenue in the recent times, and it seems we are not the only ones...
Update regarding MTM and Dowse Murray
April 18, 2018
With the new financial year and its milestones, a review of changes affecting our business and you include the...
Events and dates to note for first quarter
April 11, 2018
The 2018 financial year has ended, allowing for annual results and taxation to be finalised. In conjunction with...
AIM* Accounting Method for paying provisional tax
March 2, 2018
Receiving extensive publicity, IRD has introduced a new method for certain businesses to calculate and pay their...
Tax changes to be introduced under our new Government
December 14, 2017
Any article describing tax changes inherently suffers from being out of date quickly, replaced by subsequent...
Business Insurance Cover
December 14, 2017
We often get asked about business insurance, especially in regards to business succession planning. Here is a...
Forming a company in New Zealand soon to be cheaper
June 21, 2017
The companies office has advised that its fees to form a company in New Zealand will cost less overall starting...
New Mileage rates announced for 2017
May 22, 2017
The Commissioner of Inland Revenue has announced that the mileage rate for reimbursement of business miles...
Inland Revenue now accepting mobile calls to its 0800 numbers
May 1, 2017
As from today, IRD has announced that it has restored its acceptance of calls from mobile phones to its 0800...
Special Announcement: MTM Accounting to merge with Dowse Murray Chartered Accountants
March 23, 2017
MTM Accounting is merging with Dowse Murray Chartered Accountants. We are excited to announce the merger...
ACC Levy rates 2017/2018 - confirmed rates
March 23, 2017
Levies are imposed by invoice from ACC from information it receives from Inland Revenue, for both PAYE filing...
Tax Changes 1 April 2017- Part 2 (Contractors)
March 23, 2017
We previously advised that contractors can select any rate of withholding tax with a minimum of 10% when the...
Tax changes 1 April 2017- Part 1
February 3, 2017
Further changes, including changes to provisional tax payments, use of accounting software, fringe benefits tax...
Wishing you a Merry Christmas and a Happy New Year
December 20, 2016
As 2016 draws to a close, we would like to take this opportunity to thank you for your ongoing support and allowing...
ACC Levy rates 2017/2018 and 2018/2019
December 14, 2016
A Levy consultation has completed and the Government has confirmed the following for the years 2018 and 2019...
Trust Law - changes are coming
November 24, 2016
Family trusts are a common structure used to secure the family home and other valuable assets from creditors...
Why So Many Websites Are Blue
September 21, 2016
A recent article provided an interesting answer to the question of why so many websites feature the colour blue...
IMPORANT Reminder Regarding Phishing Calls
June 25, 2016
After hearing from some clients today wondering about calls they supposedly received from IRD about unpaid tax...
Annual accounts preparation
May 4, 2016
An article in stuff today headlines the benefits to SMEs of reporting changes. These changes simplify the reporting...
The “Bright Line” Test for property sales is now the law
November 19, 2015
The law received Royal assent on 16 November 2015 and applies to property bought on or after 1 October 2015...
Caution required when naming and forming your new company
November 9, 2015
Recent changes in the requirements for forming a company have made it more challenging, though for the most...
Mileage Rate review by Inland Revenue
August 25, 2015
Inland Revenue has announced that after its review, it has reduced the mileage rate it authorises for business...
New Test for sale of residential property
August 24, 2015
The Government is in the process of formalising legislation that will tax the profit on sale of residential property if...
A few GST reminder Tidbits
July 8, 2015
Copies of tax invoices for supplies greater than $50 are required to be maintained for seven years. Otherwise, if...
Families, Relationships and Taxation
May 8, 2015
In life, circumstances can provide timely reminders of things we should remain aware of. Recently our family...