INSIDE THIS EDITION Don’t forget the risk from within 1 Inland Revenue is taking a tougher stance on debt 2 Taxing the sun 3 FBT changes 3 Snippets 4 IRD interest rates 4 Depositor Compensation Scheme 4 Don’t forget the risk from within Online scammers and phishing attacks have become extremely sophisticated lately. Hence, it is understandable that we are constantly warned to be vigilant and on the lookout for the next attack. But as focus shifts to looking outside the orga

With increased Inland Revenue (IRD) scrutiny, one of the issues on IRD’s radar is whether individuals associated with a company are deriving market salaries or not. The IRD’s concern in these scenarios is whether income is being taxed at a rate less than the top personal marginal rate of 39%. For this purpose, two aspects are relevant – first, the personal attribution rules and second, the principles from the Penny & Hooper court case law. The personal services attributio

INSIDE THIS EDITION Feedback from charitable sector 1 Inland Revenue scrutiny 2 Investment boost 2 Financial Conduct Report 1st...

In the past year, Inland Revenue has increased its audit activity after a period of subdued activity that stretched from before the Covid-19 pandemic. As their activity has increased, it has been interesting to see what areas they are focusing on. Observation suggests that one of those areas is the classic capital / revenue boundary. This is an area that is notoriously difficult because of the grey areas that can arise – where two different people could easily reach contrary

INSIDE THIS EDITION Charities review 1 Navigating insurance proceeds  and tax 2 Tax pooling 2 Trust disclosure review 3 Snippets 4 IRD...

On 1 April 2025, Inland Revenue released its issues paper ‘Fringe Benefit Tax - Options For Change’, proposing significant changes to the...

INSIDE THIS EDITION When errors are made 1 Effective decision making 2 PAYE and personal grievances 2 When is a motor vehicle subject  to...

With a very narrow lens, accountants and tax professionals focus on helping clients understand how their business is performing and to...

INSIDE THIS EDITION IR’s Long-term Insights Briefing 1 The depreciable asset 2 The LTC option 3 Protect your reputation 3 Snippets 4...

ISSUE 4: November 2024 – February 2025 As businesses expand, a common decision is whether to create new companies to accommodate new...