Diane Gill • February 22, 2023
TAX IF YOU'VE BEEN AFFECTED BY WEATHER
If you’ve been affected by the extreme weather, you don’t need to contact IR right now. If you let them know when you reasonably can, there are ways they can help, including things like removing penalties and interest, getting you set up to pay in instalments, and helping if you are in financial hardship.
Contacting IR
IR is prioritising contacts from those affected by the floods and cyclone. If you need to talk to them:
• Send IR a message in myIR using the word ‘flood’ in the subject line: myIR login
• Call its dedicated phoneline: 0800 473 566
• Go to one of their front of house offices: IR customer sites
You can also get in contact with a tax agent for professional advice.
What are the key aspects you need to know to prepare for the financial year-end on 31 March? The end of the financial year is a good time to review your policies and procedures in preparation for the new tax year.
In 2023 the External Reporting Board (XRB) published updated accounting standards for Tier 3 and 4 registered charities.
If your charity’s financial year began on or after 1 April 2024, the Tier 3 (NFP) and Tier 4 (NFP) Standards are now in effect and you should be using or preparing to use these.
Meet Ann. She is a Senior Accountant at Ōmokoroa Accounting.
eInvoicing is the electronic exchange of invoice data directly between financial systems.
Being part of a tax pool provides more flexibility on when you pay provisional tax to Inland Revenue, rather than being tied to the IRD’s deadlines. Learn more.
Meet Suzie. She is the Office Manager at Ōmokoroa Accounting.
In May, we asked you to complete a survey to help us better understand how you feel about your business in the current economy. The survey results shed light on some of the primary concerns facing business owners right now.
The 2024 New Zealand Budget focused on tax relief for working families aimed at middle-and-lower income workers and spending cuts. Amid concerns about the cost of living and job security, these measures aim to boost disposable income leading to more consumer spending.
While contemplating our mortality is never pleasant, it's crucial to address estate planning to ensure our wishes are met and our loved ones are taken care of.
In this article, we answer frequently asked questions from small business owners about tax and accounting online.