By Frances Cook – 5 May 2022   If you care enough to donate to charity, you probably also care enough to want your money to go as far as possible. So the good news is that you can use the tax system to boost your donations, at no extra cost to yourself. Donations, including […]

Minimum wage rates increase from 1 April 2022. New hourly rates are: Adult – $21.20 Starting out – $16.96 Training – $16.96 For more information on the different rates, click here: https://www.employment.govt.nz/hours-and-wages/pay/minimum-wage/different-types-of-minimum-wage-rates/

Inland Revenue increase interest charges effective 10 May 2022: Use of money interest rates for payments due to Inland Revenue rise to 7.28% (currently 7%) Use of money interest rates for monies owed by IR to taxpayers remain at 0% (yes, zero percent) Fringe Benefit tax interest charges increase effective 1 July 2022: The FBT […]

Yes it’s that time again… Time to start collating business and investment income details, ready for the next round of end of year accounts. To support you with the virtual ways many of us work in, we have again made our client questionnaires available on our website; here is the link: https://www.millerjohnson.co.nz/free-resources/client-questionnaires/ For paper copies, […]

Update on New COVID Support Payment (CSP) available from today: Last week we sent you details of the new COVID Support Payment.  It was apparent that many if not most Auckland businesses would not be eligible to make a claim under this scheme, as the benchmark period was 7 days within the 6 weeks from 5 […]

New COVID Support Payment is here: A new COVID Support Payment is here.  It will be a sum of $4000 per business plus $400 per full-time employee.  This amount will be capped at 50 full-time employees or $24,000. Applications for the first payment open on 28th February 2022, with payments starting on 1st March 2022. It […]

Already February 1st today, and 2022 is well underway.  We have been fortunate with the summer holiday weather, and we hope you have had a chance to make the most of the summer. Looking forward to this year, we consider it time for an update on our communications. Current COVID Community Setting: Under the traffic […]

The last hurrah: Yesterday the government announced the wrap-up of financial support for business as we move out of Alert Level 3 and in to the new traffic light system. What you need to know is: The final round of wages subsidies and resurgence support payments which opened Friday last week, will still be available […]

New Rental Property Rules: To recap – Deductions for expenses incurred on residential rental properties are limited to the extent of the income from that property.  Excess deductions will be able to be offset against other sources of income, and these “quarantined expenses” are carried forward and are able to be claimed against future profits from the […]

April Fools Day and the start of the new financial year – coincidence? Our questionnaires for the tax year ended 31 March 2021 are now available on our website in both pdf and Word format.  When you are ready, please access the forms you need from the website, to prepare and send in to us. Here […]