09 May 2019
Tax Freedom Day 2019
Despite the passionate debate around taxation in recent months, overall Kiwis will actually pay a day’s...
Research & development tax credits
Undertaking R&D in New Zealand can now lead to businesses receiving funding via a 15% tax credit on relevant expenditure.
The tax credit is available for expenditure incurred from the start of the 2019/20 income year (for most taxpayers this will be 1 April 2019).
Baker Tilly Staples Rodway is uniquely placed to help businesses with the regime. Accessing the credit is more straight forward than many people think. Undertaking an activity for a material purpose of creating new knowledge or an improved processes, good or service could very well qualify.
Designing a new product or even improving an existing one is a good example of qualifying expenditure. Being able to illustrate the use of a systematic approach to resolve scientific or technological uncertainty will be critical to a successful clam.
How We Can Help
Baker Tilly Staples Rodway have the expertise to assist in a number of ways, including:
- identifying expenditure that qualifies for the R&D credit
- ensuring that internal processes capture the necessary information required to make a claim
- completing or reviewing documentation prior to submission with Inland Revenue
- education of staff in respect of the regime.
Contact your usual Baker Tilly Staples Rodway advisor or Andrew Dickeson (National R&D Director).
Services
Tags
Tax
Related services
Employee engagement & retention
The tax treatment of employee benefits can be a complex area.
News
16 Apr 2019
Tax Talk Bites | April 2019
In tax talk bites, we briefly comment on items of interest to readers.Inland Revenue to be closed from...
31 Mar 2019
A substantial tax benefit for migrant Kiwis living in Australia
It is a reality of the modern and mobile world we live in that many of our clients have adult children...
31 Mar 2019
Coming from behind to win
A classic example of this is a client of mine – Malcolm Brown. The first time I met Malcolm the thing...
30 Mar 2019
Capital gains tax - Myth or reality?
A reader asks: “ There has been a huge amount of publicity and commentary about the Tax Working Group...
04 Mar 2019
31 March 2019 Tax Planning Checklist
With 31 March approaching, now is the ideal time to consider tax issues and, where available, planning...
21 Feb 2019
Tax working group final report - Worst kept secrets confirmed
The Tax Working Group has released its final report of recommendations to the government. Most of the...
13 Feb 2019
Research and Development Tax Incentive Scheme
The Government has announced details of the new R&D tax incentive scheme that will be available from...
07 Dec 2018
Tax Talk | December 2018
The Tax Working Group is due to report back to the government by the end of February, but this may be...
11 Nov 2018
Tax Talk | November 2018
Welcome to Staples Rodway Tax Talk
In this edition we discuss:
Beware of the Grinch that Steals Christmas...
11 Jul 2018
Using tax pooling to your advantage – pay tax when you want to
Tax pooling is a great tool that provides taxpayers with greater flexibility around provisional and terminal...
28 Jun 2018
International Disclosure of Financial Information
You may have heard recent news of various international regimes requiring the disclosure of financial...
27 Jun 2018
Business Leaders pessimistic about the budget
A balanced Budget, mandatory Kiwisaver contributions, and an overhaul of the tax system are the key items...
27 Jun 2018
Property Investors at a Loss - Ring Fencing Proposed by IRD
It’s now official. The government is actively moving against property speculators and investors.The...
26 Jun 2018
Tax Freedom Day
Tax Freedom Day marks the hypothetical day that New Zealanders stop working to pay the nation’s tax...
17 May 2018
Tax Talk | Budget 2018
Don’t Scare The Horses!!
Budget 2018 has seen the government keep its promise of no new taxes, but...
10 May 2018
Tax Talk | May 2018
Welcome to Staples Rodway Tax Talk
In this edition we discuss:
The Resurrection Of The R&D Tax Credit
Residential...
07 May 2018
Tax Freedom Day two days later than last year
The impact of cancelling the tax relief package has been revealed: one day's worth of taxes [image src="/assets/Uploads/up-to-26/02/2019/55b0eda7a3/ST-Tax-Freedom-Day-2018.jpg"...
09 Apr 2018
Tax Talk | April 2018
Welcome to Staples Rodway Tax Talk
In this edition we discuss:
Overseas buyer restrictions on their way
Trusts...
20 Mar 2018
Ask an Expert - Capital Gains on Property
In our regular feature we answer readers’ questions on any area in the world of finance, accounting,...
19 Feb 2018
Bright-line test to be extended to five years
The Government introduced a Supplementary Order Paper to a Bill already in Parliament for the extension...
10 Feb 2018
What The Tax?! Free Seminar
This seminar occurs every quarter at the Taranaki office to give local businesses the chance to find...
23 Jan 2018
Tax Talk | January 2018
Welcome to Baker Tilly Staples Rodway Tax TalkIn this edition we discuss:GST changes for exporters to...