GRA Blogs

One of the confusing things I speak to clients about is the types of tax they have to pay that are related to their income: •Income tax•Residual tax •Provisional tax •Terminal tax It can be hard to get your head around what each type of tax is and when..

We find that a lot of our clients get very confused about what drawings are. And with good reason – it’s a complicated area.  Most tend to think that drawings taken by a shareholder from a company are the same thing as their wage or..

Apart from a few special rules, any cost necessary to run your business will probably be tax deductible. However, there are a few things to be aware of - some items that you might assume could be claimed can't be, and conversely, there may be others..

From time to time clients contact us to ask what their employees are entitled to with regard to annual leave and sick leave.  This is obviously an important thing to get right, for both employers and their staff. The Labour Party made a promise before the..

Hopefully the “post-Covid” reference in the title is not tempting fate, but at the time of writing New Zealand appears to be in an enviable position in terms of control of the public health side of the Covid pandemic. However, battling through the economic fallout..

Since 2009, the Inland Revenue Department has been cracking down on industries known to pay workers under the table (i.e. undeclared cash payments). According to an article in the NZ Herald in April 2018, New Zealand is missing out on about $800 million in its annual tax take..

Depreciation is the reduction in value of an asset over time due to wear and tear. In New Zealand, the Inland Revenue Department (IRD) allows depreciation on certain items to be claimed as a type of expense for income tax, so it is beneficial to..

Over the years I have had wide-ranging conversations with clients about boarding services and how to qualify. The reason people wish to  qualify as providing a boarding service is if the amount of income you receive falls below either the “weekly standard-cost” threshold or the..

There are a number of issues that New Zealand tax residents must grapple with if they are to invest in Australian rental properties. It’s important to understand what these issues are because they can have a significant impact upon your profitability. Financial Arrangements - foreign..