In the July edition of Tax Talk we cover new methods when calculating deductions for home office expenses, a recap of changes to the non-resident withholding tax regime & the tax policy work programme.
Staples Rodway Tauranga has been a proud supporter of the Good Neighbour Charitable Trust from the beginning. A Tauranga charity that provides practical opportunities for people to support one another so that lives and neighbourhoods are transformed.
Bunnings has announced it will back pay staff $11 million as part of its efforts to comply with the Holidays Act. The critical point is that it shouldn’t be just major companies considering this, every company with employees should be.
The recent Automatic Exchange of Information law (AEOI), which came in on July 2017, requires New Zealand banks to undertake due diligence on the foreign tax status of their customers and provide relevant information to the IRD. Failing to do this may result in frozen accounts.
Last year the Reserve Bank of New Zealand (RBNZ) started talking about the return of inflation to the 1% - 3% mandated range. After a decade of barely 1% inflation, how do we prepare for its inevitable rise?