The tax-risk environment has changed, and technology is increasing the chance of IRD looking into your affairs.
Real-time big data and specialist software are routinely used to monitor records and transactions. Baker Tilly Staples Rodway’s tax advisors are reliable and experienced at dealing with IRD, whether you're responding to questions, need help during an audit, or require a binding ruling to resolve a tax uncertainty.
Who can benefit from binding ruling:
Binding Rulings mean that your suppliers, contractors, employees and customers are tax assured when dealing with your business, for example:
Binding Rulings lock-down the tax effect of key transactions.
Tax controversy is a no go for Boards of public and larger family companies.
Boards use Binding Rulings to eliminate tax risk in large or complex transactions. This “set-and-forget” approach enables the Board to keep a keen focus on the business itself – your governance enhanced.
Tax is in the media. Now more than ever, multinationals operating in New Zealand use Binding Rulings and Advance Pricing Agreements to guarantee tax efficiencies and avoid possible media driven tax controversy – your brand protected.
Protecting family wealth for future generations can involve the transfer of substantial income producing assets under family structures. Key tax questions arise for Inland Revenue; dividend stripping, deemed dividends, depreciation recovery, deemed market value transfers, GST. A Binding Ruling assures the whole family and provides intergenerational tax certainty – your legacy secure.
Choose your location for better results
Over the past month, we've been carrying out our 2023 Pre-Election Survey, with 741 clients sharing their thoughts on everything from government performance to tax settings. There is also some crystal-ball gazing on export prices and housing market expectations.
If you read an article about a group of people in essence reaping more than $4 million, you might assume they’d had a Lotto win.
Our specialists outline the amendments to FBT interest rates, use of money interest, kilometre- and square metre rates, short-stay accommodation and more. . .
Two months ago, the New Zealand government announced in its 2023 budget that it would assist video game developers and the wider digital industry.
Ask an expert: Christchurch directors Dorian Crighton and Spencer Smith package up the answers to your gifting questions…
Finance Minister Grant Robertson has released his sixth budget. The government had indicated there would be no real surprises in today’s budget and Robertson has not disappointed. We highlight the key items for business.
Normally, tax policy isn’t a topic the average Kiwi talks about. But over the past month it appears that everyday New Zealanders have been vigorously debating our tax settings.
Do you have spare cash that you’re contemplating locking into a term investment to generate some interest income? You should consider the benefits of a PIE Fund, says Baker Tilly Staples Rodway Auckland Business Advisory Services senior manager Sonia Gaskin.
The government has announced tax relief for North Island businesses hit by flood damage. The relief comes in the form of a deferral of tax on insurance receipts, allowing time for the business to rebuild or purchase replacement assets.
With 31 March approaching, it is the ideal time to consider tax issues and, where available, planning opportunities. Key matters are outlined below.
The changing interest rate environment has seen Inland Revenue needing to act, with both the FBT interest and Use Of Money Interest rates increasing. In addition, IR has updated commentary on payments to private schools, charities and buildings, all of which have broad interest.
Our website uses cookies to help understand and improve your experience. Please let us know if that’s okay by you.
Cookies help us understand how you use our website, so we can serve up the right information here and in our other marketing.
