Tax

Payments to employees for working from home costs during COVID-19 pandemic

Inland Revenue is making it easier for employers to reimburse the expenses of employees who are working from home because of the COVID-19...

Taxable Treatment of the Wage Subsidy

This is a unique situation that continues to change very rapidly. We recognise that it raises a number of questions and concerns for...

FBT changes a Win for shareholder-employees vehicles

There has been some positive changes regarding companies with motor vehicles that are being used for both business and private use by...

Should you pay tax on the sale of your house (The bright-line property rule)?

If you are selling a residential property, that was not your family home and your original intentions were to make a gain on it, then you...

AIM - new provisional tax option for small businesses

IRD has brought out a new way to pay provisional tax, which they have called AIM accounting income method. Basically, this is filing a...