Tax season is rarely smooth for New Zealand business owners. Between chasing invoices, balancing cash flow and keeping staff paid, paperwork often falls to the bottom of the list. When records are not kept properly, the real cost shows up as lost hours, unexpected penalties and added stress. A recent Xero Small Business Insights report […]
Filing a Tax Return NZ can feel overwhelming, especially when you’re running a business and juggling day-to-day demands. Missing one step or failing to submit the correct paperwork can result in delays, additional costs, or even penalties from the IRD. According to IRD reports, thousands of New Zealanders make simple filing mistakes every year. These […]
For businesses across New Zealand, the end of the financial year is less about closing the books and more about setting the next chapter. It is a chance to review the year’s results, tidy up the numbers, and make sure every detail is ready for the IRD. More importantly, it is the moment to see […]
Discover how the 2025 Investment Boost helps NZ..
As we enter the 2025 tax season, New Zealand businesses face a continuing challenge: the need to remain compliant while also identifying opportunities for growth. Whether you’re a startup founder, an owner of a small to medium-sized enterprise (SME), or a director overseeing complex financial matters, simply submitting your tax return on time is no […]
Upcoming Changes to New Zealand’s 2024 Tax Laws With the Budget almost upon us, following are some of the more important tax changes we are expecting to be confirmed with Budget related legislation. Income Tax Threshold Changes The new government intends to change the tax rate thresholds from 1 July 2024. The proposed threshold adjustments are […]
What is the ‘Netflix Tax’ The landscape of taxation is ever-evolving, and New Zealand is no exception. With the rise of digital services and the global marketplace, the New Zealand government has implemented GST on remote services supplied to its residents by overseas businesses. It’s commonly known as the ‘Netflix Tax’. Remote services are a […]
From the 1st April 2024, the trust tax rate has increased from a flat rate of 33%, to a flat rate of 39%.This is on any income retained in the trust and not distributed to beneficiaries. However, there are a few exemptions: Exemption 1: if your trust income is less than $10,000 If your trust […]
Year End Tax Tips By Sheral Reddy, Associate Director at GECA Chartered Accountants. If you need help with Tax advice including end of financial year preparation, then Sheral and the GECA team can help. The end of financial year deadline: As the end of the financial year approaches, it always pays to spend a little […]
Introduction: The recent Budget 2023 announcement of an increase in the trustee tax rate from 33% to 39% starting from 1st April 2024 has raised concerns among the many New Zealanders who have a family trust. There are approximately 400,000 family trusts registered in the country and although Budget Press Release attempts to downplay the […]
