I have a client working as a sole trader. Can we claim the entire ACC invoice (work account levy, earners levy and working safer levy) as a business expense? He has no other activity or income other than business.
Read MoreMy client has implemented a new bonus scheme for his staff so that they are paid a “share of profit” of the company and this is calculated when the annual accounts have been drafted (probably in June). Once calculated, he wants to post that bonus back into the March 2019 year before we finalise the accounts but I don’t know whether I am comfortable with that given the actual payment will be through the payroll in the current financial year. Can you please advise the correct treatment?
Read MoreAn NZ trust only has bank term deposits which generate income in NZ. 20-33% withholding tax has been deducted. The trust has NZ settlors and Australian Trustees. Beneficiaries are NZ companies and Australian persons. ATO in Australia treats this trust as an Australian trust for tax purposes. Is the trust still required to file an NZ tax return?
Read MoreI have a client who has a property in Queenstown, which is rented out during the year on a short-term basis, via Airbnb. Is there any requirement for them to be GST registered? I assume it's considered residential property, so no need for GST registration. Am I correct?
Read MoreA New Zealand company (A Ltd) provides immigration services to both NZ tax residents and overseas clients, as immigration advisors. They have a new client, which is an overseas company B, based in China. They signed an agreement to provide services for Company B's clients, who are currently living in NZ, both NZ Tax residents and those who are non-tax resident. There is no separate agreement between company A and individual clients of Company B. In this case, should 15% GST be charged, or should they be zero rated?
Read MoreIn its final year of trading, a company issued a dividend to clear the shareholder current account overdrawn balance. The 5% RWT on dividend paid by the company will be refunded by the IRD to the shareholder who is not on the highest marginal tax rate. Can company choose not to pay the RWT?
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