Our goal is to help all clients reach their potential, including private individuals, owner operators, charities, not-for-profit & public sector organisations and listed companies with overseas operations.
In a landmark deal set to reform the international tax landscape, 130 OECD member countries including New Zealand signed up to an agreement to address concerns that multinational entities (“MNE”) should pay their fair share, wherever they operate.
It may seem like a bad April Fool’s joke but 1 April and an increase in the top tax rate is only a stone’s throw away. In this article we discuss the 39% increase introduced by Labour and what you need to consider prior to 31 March.
On 30 April 2020, the Government enacted a temporary measure to enable taxpayers to carry back tax losses as part of ongoing Covid-19 business support measures. This rule was effective from 15 April 2020 as part of the Government’s measures to look at broader tax loss rules.
2020 is nearing an end and what a year it has been! As the international response to the Covid-19 outbreak continues we are working closely with clients both domestically and globally to prepare, respond, and share our experiences from a New Zealand perspective.
With the financial year recently ticking over into FY2020/2021, the majority of innovators in New Zealand (those with year-end 31 March 2020) are able to begin lodging income tax returns and unlock the value from the newly introduced R&D Tax Incentive program.
There are a number of issues that need to be considered when preparing your year end financial statements. The timing and treatment of certain expense items can have tax implications, and in some cases the accounting treatments applied can result in tax efficiencies.