Staff News: December 2019

We are happy to welcome Sunil Sharma to our Audit team. Sunil completed a business degree at AUT and has spent the past couple of years working in foreign exchange and insurance. He is interested in the field of auditing to expand his knowledge about different companies. A local West Aucklander, Sunil enjoys playing

2019-12-11T08:12:28+12:00December 9th, 2019|The UHY Team|

Taxing Matters: December 2019

A summary of the latest tax and business changes, updates and news. There is good news for New Zealand children and caregivers who are owed child support from parents living overseas. It has been announced that New Zealand will participate in the Hague Convention relating to the international recovery of child support payments. The Hague

2019-12-09T13:26:26+12:00December 9th, 2019|Tax|

The Future Of IRD Investigations

UHY Haines Norton’s Head of Tax, Jim Martin, recently attended the Chartered Accountants Australia and New Zealand (CAANZ) Tax Conference. Here he shares information from a session he attended on the Future of IRD Investigations, and the potential implications for New Zealand taxpayers. The Australian Taxation Office (ATO) have been using powerful data analytics software

2019-12-09T12:42:47+12:00December 9th, 2019|Tax|

GST To Be Charged By Overseas Suppliers

As mentioned in our Taxing Matters: August 2019 article, new GST rules for low-value imported goods have come into effect from 1st December 2019. From 1st December 2019 onwards, overseas suppliers of goods are required to charge GST on their supplies to New Zealand customers. These rules apply where the value of the goods (excluding

2019-12-02T11:40:37+12:00December 2nd, 2019|Tax|

Be A Responsible Host This Christmas

It’s hard to believe that Christmas is just around the corner, but here we are in the throes of the festive season and year-end celebrations. Most work places host a Christmas social event for their staff in one form or another, which can be a great way to boost staff morale and show appreciation for

2019-11-28T12:55:05+12:00November 28th, 2019|General|

The Winner Of The UHY Haines Norton Study Scholarship 2019

We are excited to announce that the winner of the UHY Study Scholarship 2019 is Steven Philalom from Kelston Boys High School (KBHS). Steven has consistently aimed for academic excellence at KBHS, where he is a Prefect. He has a particular affinity for commerce-related subjects, excelling in Accounting, Economics and Statistics. In addition to a

2019-11-21T10:44:50+12:00November 21st, 2019|Study Scholarship|

What Information Should A Tax Invoice Include?

Business.govt.nz has a convenient tax invoice template that small business owners can use for designing their invoices. Its simple layout ensures that all of the correct information is included for the purposes of both the issuer and the recipient. What Information Should A Tax Invoice Include? Business name. Invoice number. Date the invoice is issued,

2019-11-11T13:07:15+12:00November 11th, 2019|Accounting|

Staff News: October 2019

We are excited to welcome on board our new Auditor, Mark Manait. Mark worked as an auditor in the Philippines after obtaining his Bachelor’s degree in accountancy and qualifying as a CPA. He originally visited New Zealand in 2017 and enjoyed it so much he decided to return the following year, when he obtained

2019-10-23T10:08:33+12:00October 23rd, 2019|The UHY Team|

Ring-fencing Residential Rental Property Losses: Portfolio Basis Vs Property-By-Property Basis

A person may elect to apply the residential property loss ring-fencing rules either on a portfolio basis or on a property-by-property basis. Here we discuss and explain how the ring-fencing rules apply under each method. Portfolio Basis Unless a taxpayer elects otherwise, the loss ring-fencing rules will apply on a portfolio basis. This means that

2019-10-23T09:23:38+12:00October 23rd, 2019|Property Accounting|