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7 common mistakes people make with their taxes

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Taxes aren’t a part of life most people would consider fun. Keeping track of all your receipts and records can be tiresome and tedious at the best of times, and infuriating and confusing at the worst. But unless you want the Inland Revenue Department (IRD) to come knocking on your…

Concern mounts as New Zealand’s economy starts to show signs of slowdown

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Economic growth in New Zealand continues to perform well by most measures, although businesses across the country are worried about a slowdown in economic performance as a result of inflation. A sense of optimism among business leaders is notably lacking at present, in the wake of Prime Minister Ardern’s declared…

NZ joins forces with more countries to tackle tax evasion

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Revenue Minister Stuart Nash recently announced that New Zealand will add 30 territories to its existing list of 60 countries which have mutually agreed to share tax information in a bid to combat tax evasion, according to New Zealand’s Inland Revenue Department. The move came as part of a global effort to…

Changes to be made to KiwiSaver

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The new taxation bill (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matter) proposes several changes to be made to KiwiSaver. The bill is currently awaiting a select committee report, before it will be read again in parliament later this month. Changes include adding new contribution rates of 6% and 10%…

NZ Seeking the Right Balance between Exports, Tourism and the Environment

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Growing tourism numbers, the various business benefits of the Trans-Pacific Partnership (TPP), and an increased investment in environmental protection are already beginning to shape New Zealand’s economic trends for the coming year. How these trends will be managed, and in particular how the government will navigate the intersection between economic…

Strong Fundamentals Underpin NZ’s Strategy for Economic Growth

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Recent efforts to refine and balance New Zealand’s economic system have already shown impressive results, with the country outcompeting most others on the world stage in several areas. The World Bank’s Doing Business 2019 report recently ranked NZ first worldwide on its ‘ease of doing business’ scale, which singles out countries with…

Top accounting firms offer Audit Shield

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In New Zealand, 22 of the top 30 CA ANZ accounting firms are offering Audit Shield to their clients. We love contributing to their success! Click here to view the article.

National Party promises tax relief – but do the numbers add up?

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In his state of the nation speech delivered at the end of January, National Party leader Simon Bridges explained that his party will offer ‘rolling tax relief’ to help with increased expenses. “New Zealanders’ incomes are struggling to keep up with the rising cost of living because this Government is imposing more…