Murray McClennan
Director at Tax Central
A chartered accountant and a member of the International Fiscal Association and the Society of Trust and Estate Practitioners, Murray has over 30 years experience in tax.
Trading through Tax Central Limited, I provide a wide range of tax advisory services including:
Advice and opinions in respect of income tax, GST and FBT matters;
Tax and estate planning;
Tax reviews;
Tax risk analysis and strategies to reduce any identified risk;
Assistance with IRD audits, disputes resolution and voluntary disclosures;
Training on tax technical topics; and
Advice in the establishment and administration of trusts.
I have over 30 years of experience in tax, ranging from audit and senior technical roles at Inland Revenue through to working in accounting firms and for the last nine years operating my own advisory practice. Living in Queenstown I have considerable experience with tax residency, tax planning for new migrants, land transactions, appropriate business structures, business restructuring and succession planning.
The standard hourly charge is $300 + GST per hour. I will give a 5% discount to FBA subscribers.
I believe that I can both “think outside the square” and explain tax issues in an understandable way.
I am a member of Chartered Accountants Australia and New Zealand and hold a certificate of public practice. I have a Masters in Tax and am a member of both the Society of Trust and Estate Practitioners and the International Fiscal Association.
Contributed Articles
The case itself was about the Commissioner of Inland Revenue taking steps to liquidate the company because of non-payment of tax debt. However, it also highlights several fundamental tax and company law issues.
The impending implementation of the Trusts Act 2019 has prompted many people and their advisors to question whether existing trusts should be retained or wound up. This article focuses on potential tax issues that trustees and their advisers may wish to consider.
This issue of Tax Bites focuses on the tax obligations relating to the depreciation of commercial buildings, Writing-off of low value assets, the wage subsidy and the remission of UOMI in the current COVID-19 environment.
I have received several queries in respect of “working at home” costs during Covid-19 lockdown. This article provides a summary of the position…
Given that the company tax rate is 28% and the top personal tax rate is 33% (on income above $70,000 per annum) there is a temptation for many small to medium business owners to leave profits in the company once their personal income is $70,000.
In this article I discuss:
1. Information sharing by financial and other institutions;
2. Inland Revenue is being more proactive;
3. Inland Revenue Raids; and
4. A brief discussion about tax avoidance and evasion.
The following discussion reflects the adage that GST is 95% easy and 5% difficult.
This article focuses on GST issues relating to short - stay accommodation providers to whom I have offered advice recently.
This issue focuses on common issues for family-owned businesses.
Thirty-one March, the standard New Zealand balance date is not far away. This article discusses year-end issues that it may be prudent to consider.