Tax stories - Page 2
Got crypto? Pay tax – A quick look at IR's new crypto-asset guidance
Inland Revenue issues new guidance on taxing crypto-assets in New Zealand, stating that individuals and businesses must pay income tax on their assets.
COVID-19- 19 leads to sharp rise in independent earning
Kiwi self-employment soars by 260% during pandemic, says Hnry report, as many adapt to income losses.
Inland Revenue shuts down to make changes to tax system
The revenue system will be closed for a week in April as Inland Revenue introduces a new round of changes to make tax more straightforward.
Inland Revenue cracks down on multinationals' tax obligations
Inland Revenue targets multinationals to recoup NZ$200m tax annually.
Fintech startup Hnry raises $2.15 million in investment round
NZ's Hnry secures £1.63m, overfunding as investors back its fintech for freelancers.
Growing enthusiasm for Inland Revenue's new provisional tax option
Inland Revenue's new provisional tax option, AIM, is being well received by small business owners looking for certainty.
Jail time for woman who failed to pay $740,000 PAYE
Manawatu woman jailed for withholding £740k PAYE, repeats 2007 offence.
IRD warning customers of new email scam over tax refunds
Inland Revenue warns customers of a convincing email scam offering tax refunds; more than 900 reports received.
$300m paid out to Kiwis via Inland Revenue's new automatic system
More than $300m has been refunded to New Zealand taxpayers through the country's automatic tax assessment process, according to new figures by Inland Revenue.
SMEs take note: End of financial year creates oppportunity for business growth
Small and medium-sized enterprises (SMEs) should use the end of the financial year as an opportunity for business growth, says Konica Minolta.
Bartercard helping Kiwi startups and small businesses thrive
Here's a breakdown of what Bartercard actually is and how it provides invaluable opportunities for businesses privy of its network.
Time's up, tax dodgers: Multinational tech firms may soon pay their dues
NZ mulls tax on tech giants to ensure fair play and raise up to $80m in revenue.
Payroll software firms prepare for payday filing
Providers have been working closely with Inland Revenue to make sure they can meet their clients’ needs when the changes roll out.
Get ready for the biggest tax changes in a generation
The biggest tax changes in a generation are coming, and they will affect almost every business household and business across the country.
NZTech’s Graeme Muller on the R&D tax incentive
NZTech’s chief executive describes why he thinks the government’s research and development will work, and the pitfalls it needs to avoid.
Inland Revenue to improve AIM tax method with help from early adopters
Inland Revenue’s new Accounting Income Method now has plenty of early adopters and now the focus is on improving the product for year two.
Inland Revenue's AIM tax method signs up 1,000+ early adopters
Inland Revenue says that more than 1,100 businesses have signed up to the new Accounting Income Method (AIM) so far.
Tax, tax, and misunderstandings: They could be why many startups fail in just 2 years
Misunderstanding tax obligations could be a reason many startups fail, says NexGen Group director Vinay Ishwar.
Think the govt has a big tax refund for you? Think again
Sorry to be the party pooper but it may be time to get your toes in line and cancel that ASOS order you were going to cover with your tax refund.
Inland Revenue: Moving to accounting software will save you time and money
Inland Revenue gets a few raised eyebrows when it promotes accounting software to SMBs, but are definite transformative benefits for tax obligations.
Government closes GST loophole for offshore companies
Government closes loophole giving offshore firms an advantage by not requiring them to collect GST on goods sold to local consumers.
Google AU hits $1b in revenue… or is it $3b?
In Google Australia has posted $1.02b in revenue. However, in their report, they note that it could have been $3b if not for creative accounting.
Cryptocurrency investors reminded of tax obligations
The currency is usually encrypted using Blockchain technology that regulates the generation of new units and verifies fund transfers.
IRD to spend over $1 billion on a system that makes it easier for Kiwis to pay tax
The programme is expected to cost between $1.5 and $1.69 billion, with most of the costs coming from purchasing goods and services.