It is common for disagreements to arise between taxpayers and Inland Revenue on the GST
treatment of land transactions, but less common for these disputes to arise between a vendor
and purchaser. However, this was the case in a recent High Court case, Holdaway v Ellwoo...
You’ve no doubt heard of it, maybe you’ve even seen the effects of it - ‘automation’ is
transforming the accounting profession! But what exactly is automation and what does this mean
for a business’ finance function?
In a world without automation, finance staff spend t...
As the festive season becomes nothing more than a distant memory, those of us lucky enough to
have enjoyed some time off have been hit with the reality of returning to work. If you find your
employees are feeling a bit blue following the end of the holiday season, rest...
Many of the costs associated with running a business can be claimed as a tax-deductible expense, but not all. The Income Tax Act dictates that to be deductible, expenses must be incurred in the course of deriving assessable income, or in running a business.
You may have heard rumblings around Anti-Money Laundering and Countering Financing of
Terrorism and wondered what this has to do with New Zealand. Well, it’s because New
Zealand passed a law called the Anti-Money Laundering and Countering Financing of