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June 2026 Newsletter

April 2026 Newsletter

December 2025 Newsletter

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December 2022 Newsletter

June 2022 Farming Update

May 2022 Budget Update

July 2021 Livestock special alert

March 2021 Changes to the tax treatment of residential rental property

December 2020 December Accelerate Newsletter

October 2020 October Accelerate Newsletter

April 2016 Income tax rates, What income is liable for Gst and Income tax, The Brightline Test, Livestock Values

February 2015 Income tax rates, ACC Levies, Audit Shield, Recent IRD Developments, Provisional Tax Finance, Payment due dates for payments to IRD, Gst changes, Review of Wills

March 2014 Income tax rates, gst on disposal of land, student allowances, dairy farmers increased income, mixed use assets, look through companies, residency debates, capital gains tax.
March 2013 Income tax rates, payroll changes, mixed use assets, acc levies, working for families, Herd scheme elections to exit, depreciation on farm buildings, farm dwelling expenses.
October 2011 Gift Duty changes, zero rating of gst on commercial land, petrol rebates, refunds of road user charges, Penny & Hooper case.
March 2011 Income tax and gst changes, year end tax planning, new depreciation rules, gift duty to be abolished, LAQC changes, employment law changes, minimising shareholder acc levies.
December 2010 LAQC Regime comes to an end.

September 2010 Budget 2010 - The Dust has settled. Gst rate change, Tax rates, Proposed Laqc company changes, Trustee issues, Building Depreciation rates.

May 2010 Budget - Our comments.

RESIDENTIAL RENTAL PROPERTIES UPDATE


See our letter in regards to the changes to the tax treatment for residential rental properties here.

ANTI MONEY LAUNDERING ACT

How does the AML/CFT Act affect me?

As At 01.10.2018 there are changes to the Anti-Money Laundering Act

CLIENT DUE DILIGENCE REQUIREMENTS


Client due diligence requires an accounting firm to undertake certain background checks before providing services to clients or clients. Accountants must take reasonable steps to make sure the information they receive from clients is correct, and they need to ask for documents that show this.


We will need to obtain and verify certain information from you to meet these legal requirements. This information includes:


  • your full name; and
  • your date of birth; and
  • your address.


To confirm these details, documents such as your driver's licence or your birth certificate, and documents that show your address - such as a current bank statement - will be required.



If you are seeing us about company or trust business, we will need information about the company or trust, including the people associated with it (such as directors and shareholders, trustees and beneficiaries).


We may also need to ask you for further information. We will need to ask you about the nature and purpose of the proposed work you are asking us to do for you. Information confirming the source of funds for a transaction may also be necessary to meet the legal requirements.


IF YOU CANNOT PROVIDE THE REQUIRED INFORMATION


If we are not able to obtain the required information from you, it is likely we will not be able to provide services for you. Because the law applies to everyone, we need to ask for the information even if you have been a client of ours for a long time.


Before we start working for you, we will let you know what information we need, and what documents you need to show us and let us photocopy.



Please contact the accountant who will be undertaking your work, if you have any queries or concerns.