Offshore Tax Transparency Compliance Focus

Press Release: Inland Revenue Department   Inland Revenue has released its compliance focus on offshore tax transparency, together with guidance to assist tax agents in complying with the international rules. The compliance focus highlights the extensive international exchanges of information taking place as well as the new intelligence tools being used in tracking down people who […]

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Understanding your tax code

We’ve all heard the old adage ‘there are only two things certain in life: death and taxes, and while trying to understand your taxes might feel like it’s sending you to an early grave, fear not, we here at Accountants Plus are taxation specialists.   To help you in the first step of understanding taxes, […]

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COVID-19 Tax Assistance

  Tax time is just around the corner and this last year hasn’t exactly been an easy one for most NZ businesses.  What with lockdowns, supply chain issues, and inflation, it’s nice to know that the Government understands the effect that COVID-19 has had on small businesses and is providing tax relief and income assistance […]

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Tax Obligations for Cryptoassets

Cryptoassets have become increasingly popular lately among individuals. They are defined by IRD as “cryptographically secured digital representations of value that can be transferred, stored or traded electronically. They use some form of distributed ledger technology such as blockchain.” An example of a cryptoasset that you may have heard of recently are cryptocurrencies like Bitcoin, […]

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Managing your tax during COVID-19

Here in New Zealand, it’s important to acknowledge that we have been luckier than other nations in terms of our COVID-19 situation. However, the situation is still present here and is still affecting people and businesses. IRD have said that if you are unable to pay personal or business taxes on time due to any […]

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Tips to understand your personal tax code

To start off with – what are tax codes? Tax codes are different from tax rates. Tax codes are only for individuals. They help your employer work out how much tax to take out of your pay, benefit or pension. You need to work out your tax code for each source of income you receive. […]

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Should you be registering for GST?

Have you started a small business and want to know more about your GST options? Well, look no further.  GST (Goods and Services Tax) is a tax that is added to most goods and services usually at a rate of about 15%. If you sell goods or services then you may want to look into […]

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Provisional Tax

Provisional Tax For Small Businesses

Need an extra hand managing your income tax? Well, provisional tax can help! Provisional tax can help you manage your income tax by paying instalments during the year instead of a huge lump sum at the end of the year. So, how do you know if you have to pay provisional tax? You’ll have to […]

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Tax Relief Options

What tax relief options are available?

Is your business still facing the consequences of COVID-19 – even in level one? Well, look no further… IRD has provided us with some tax relief and income assistance if your business has had a major drop in revenue over the past few months.  If you feel as though you are struggling to pay your […]

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File Tax Return

Why You Shouldn’t DIY Your Tax Return

Does anyone really love doing their tax returns? If you are self-employed or running a small business (or planning to in the future), you have no doubt considered whether you should outsource your tax returns. Surely it can’t be too hard right? It’s just one little form… Wrong! A quick online search or a chat […]

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