When a beneficiary can become a settlor
The Inland Revenue have issued a policy document to clarify the position of undrawn beneficiary accounts in trusts. From 1 April 2020 a read more
What is my PIR and why does it matter?
When you invest in a multi-rate PIE you need to provide them with your prescribed investor rate (PIR) and your IRD number. Making sure read more
Tax Payments – When are these received in time?
Inland Revenue (IR) has recently updated its policy for when tax payments are accepted as having been made in time. With the ... read more
TAX DEDUCTIONS FOR THE GOOD TIMES
A quick summary of the deductibility of entertainment cost including fully deductible expenses, 50% deductible entertainment expenses ... read more
Ring Fencing Rules & Tax Policy Update
Recently, new subpart EL of the Income Tax Act 2007 introduces rules to ring-fence deductions for residential properties to income from read more
Individual’s Made Easy
With the yearend fast approaching or has just been it is important for individuals to remember that they are not required to file a tax read more
Are all shareholders on the same page?
When starting a new business with another person, or introducing a new shareholder, there are many aspects of the business competing ... read more
The new Trusts Act and its implications for Trustees
The Trusts Act 2019 (Act) comes into effect in January 2021, providing the first major reform to trust law in over 70 years. Although ... read more
Are you sure you can make that environmental claim?
Consumers are increasingly basing their purchasing decisions on the environmental impact of the product or service. As a result, ... read more
Can I trust ‘my’ Trust if my relationship breaks down?
‘Can I trust 'my' Trust if my relationship breaks down? It is generally well understood that if your relationship comes to an end ... read more
Women doing business – ‘The Heart of a Community’
‘The Heart of a Community’ — BALDISH KAUR BUSINESS DEVELOPMENT SPECIALIST/CREDIT ANALYST, SCOTTISH PACIFIC At Scottish Pacific, we’re read more
Government Announcement re small business rent disputes
There has been much debate regarding what a fair rental reduction is under commercial leases where businesses have been affected by ... read more
COVID response – Safe Harbours and Debt Hibernation Scheme now law
On 15 May 2020 the COVID-19 Response (Further Management Measures) Legislation Act 2020 became law. This means that two key insolvency ... read more
Time for a change? Buying a franchise?
The impact of COVID-19 may be felt for many months to come and will result in a number of people considering a change of direction or ... read more
Changes to the Business Finance Guarantee Scheme: Abnormal Lending on Normal Terms
On Friday, 1 May 2020, the Government announced changes to the operation of the Business Finance Guarantee Scheme (BFGS). As readers ... read more
Covid-19 – Resumption of building work at Alert Level 3
Property owners and builders alike will have welcomed the Government announcement this week that the country will move to Alert Level 3 read more
Alert Level 3 – Implications for Commercial Contracts and Leases
The Government has announced that most, but not all, businesses can start to open when we shift to Alert Level 3. The businesses that ... read more
Significant changes to Company Law announced
On Friday, 3 April 2020, the Government announced significant insolvency law changes in response to the likely economic impact of ... read more
Covid-19 – Tax & Wage Subsidy – Common questions on support for Employers during COVID-19
If, as an employer I am receiving the wage subsidy on behalf of an employee, do I have to pay GST on the subsidy? No – it will be ... read more
Covid-19 – Lockdown Level 4 – Commercial Contracts & Leases – Martelli-McKegg
The latest business restrictions announced by the Government will impact a number of commercial contracts and leasing arrangements. We read more
Covid-19-Employment-FAQ-Martelli-McKegg
With the nation now in lock-down phase as a result of the Covid-19 crisis, many employers are considering how they can look after their read more
COVID-19 Tax Relief for Businesses
New Zealand government has offered some tax relief due to the COVID-19 (novel coronavirus). In regards to provisional tax, you may be ... read more
Business Forum – ‘Workplace Wellbeing’ 22 July 2020 @ Lula Inn – The Viaduct
The 2020 Workplace Wellness Business Forum is to be held on 22 July 2020 at The Lula Inn, Viaduct, Auckland. The Engine & Business ... read more
IRD Audit Hospo Industry 2020
IRD have just advised that this year they are specifically targeting the Hospitality industry and will be contacting clients in this ... read more
Do you pay your taxes by cheque?
Do you pay your taxes by cheque? Five new ways to do it. If you normally write a cheque to pay for your taxes, it’s time to ... read more
Reminder: Rental losses ring-fenced from 2019/2020 tax year
Reminder: Rental losses ring-fenced from 2019/2020 tax year The new law on ring-fencing rental losses is now in force, which ... read more
The benefits of external business advisory help – we have walked in your shoes.
Running a business can often seem daunting, complex and lonely. The Team at The Engine can help you on the path to success. Whether you read more
The Engine Membership Benefits
The Engine’s Membership at all three levels will have you thinking through real life situations and proven solutions via our resources. read more
New Drug Testing Standards
New Zealand and Australia received new standards and procedures for specimen collection, detection, and quantification of drugs in oral read more
Rest and Meal Breaks vs the Bus Industry
With the current Government going back to old legislation around Rest & Meal breaks, the Bus industry has been tipped into turmoil ... read more