Inland Revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre. This rate applies to self employed taxpayers with up to a maximum of 5,000 kilometres of work-related travel each year. This applies to all motor vehicles (except motorcycles) irrespective..
Read Article,We have just started a new calendar year but are running rapidly towards the end of the financial year. What we all want is to reduce tax and stress, so here are a few tips to get you started: Bad DebtsIn order to claim a..
Read ArticleBe careful and watch out - there are two new email phishing scams that have been reported by the IRD. Do not reply to them. See below for more details. First Scam Email "We are pleased to inform you that upon review of your fiscal..
Read ArticleLast week, Bill English delivered the first budget of the National Government. In it, he confirmed the deferral of the planned personal tax cuts in 2010 and 2011. This came as no surprise to many. We have outlined a very brief summary below of the..
Read ArticleA special tax code allows your employer to deduct PAYE at a lower amount, effectively paying you your tax refund during the year in each pay you receive. Are you receiving a salary or wage? Do you have investment property that generates tax losses? Do..
Read ArticleOn 1 April 2009 the Government introduced a new tax credit - the independent earner tax credit or IETC. The IETC will, from 1 April 2009, deliver $10 per week to individuals who earn between $24,000 and $44,000 and who do not receive a benefit,..
Read ArticleDo you struggle to organise your financial and tax records during the year? Is your accountant constantly asking for additional information? Does your record keeping resemble a shoe-box? Getting your financial records organised is important, but many of our clients don't have the time or..
Read ArticleTo assist taxpayers through the recession, the Government has moved to provide some cash flow relief by reducing provisional tax uplift provisions and its use of money interest charges. The changes are available for the 2009 and 2010 income years and are effective from 1..
Read ArticleIn this post for April, you'll find two very important reminders to help you to manage your finances and affairs more effectively. Provisional Tax: 3rd Instalment of 2009 The last instalment of 2009 provisional tax is due 7 May 2009. This payment covers expected tax..
Read ArticleThank you for your very helpful and friendly email, voice and txt reminders. They keep us all on track. Well done, great service. This very much helps underpin what GRA are doing & stand for and rounds out the professionalism I have observed throughout the company. Excellent-impressive organisation. - John P
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