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Do 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..

As a structuring adviser to investors and business people, one very common mistake with many  business and property structures is a spouse being offered as a guarantor to the banks, landlords or creditors of a business. Their personal guarantee is often not required to get a deal done,..

Last 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..

Wallis Simpson, Mistress of the King of England, was frequently quoted as saying "must have, can get". Of course her way of getting was to ensure others, such as her husband and the King, got for her. For most of us however, 'must have, can get'..

On 1 April 2011, new GST rules came into force. Perhaps the change of most significance to many of our clients are the new rules around zero rating of land transactions.  These rules were brought in to address concerns the Government had about GST leakage..

The IRD has recently released an issues paper in relation to the tax treatment of mixed-use assets.  Whilst the issues paper will apply to a range of assets including yachts, launches, aircraft for example, its application to holiday homes is likely most relevant to readers..

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..

The IRD has recently released a draft interpretation statement on tax residency. Although only draft at this stage, it signals a significant change in the way the IRD applies tax residency rules and if finalised without alteration, may impact upon clients whom are outside of..

To 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..