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Understanding the Government's Changes to the Bright-Line Test and Investment Property Interest Deductions
Today the Prime Minister announced a huge package of policies aimed at increasing housing affordability that includes changes to the bright-line test and interest deductions on investment property.
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In Summary: The Future of Tax – interim report by The Tax Working Group
Reading the 194-page interim report from The Tax Working Group (TWG) - a culmination of months of work reviewing submissions - here are our first impressions...
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Government's “Foundations for the Future” Budget Signals Intensified Tax Enforcement
Listening to the Minister of Finance Grant Robertson in the budget lock-up this morning highlighted to me the importance tax plays. Most people want to pay their fair share of tax, but the complexity of tax continues to evolve where even the simplest of mistakes can cost you dearly in penalties and interest – given the increased funding the Inland Revenue Department will receive you need to ensure you have your tax affairs in order.
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Are You Prepared for an IRD Compliance Audit on Fringe Benefit Tax?
2017 marked the first year the Inland Revenue had a dedicated audit team which focused on Fringe Benefit Tax (FBT). While FBT makes up less than 5% of the Government’s tax take, the reviews proved that FBT has now become a staple part of the Inland Revenue audit process and taxpayers need to give the appropriate attention to compliance and the tax positions taken.
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How to Develop an Effective KPI Reporting Model
Effective KPI reporting is built on transparency, accountability, and comprehensive communication. It can help businesses to reduce costs, identify new opportunities, and make better decisions. It provides an opportunity for staff at all levels of a business to reflect on their performance and, if required, take actions that improve the overall performance of the business.
