The winter may be almost upon us, but we’d like to remind you that you now have two public holidays to look forward to in the month of June. Matariki – the Māori new year – will be celebrated for the first time on Friday 24 June. This will be a time for remembrance, celebrating the […]
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On the 29th of March Parliament passed the Taxation (Annual Rates for 2021-22, GST and Remedial Matters) Bill. This bill includes measures aimed at limiting the deductibility of interest incurred for residential property investments and updates to the residential property bright-line test. Interest limitation rule From 1 October 2021, interest will not be deductible for […]
Read moreCovid Support Payment The Government has announced a new targeted COVID Support Payment for eligible businesses who have experienced a drop in revenue as a result of the Omicron outbreak. The new COVID support payment will be $4,000 per business, plus $400 per full-time employee, capped at $24,000 or 50 FTEs. The revenue decrease has […]
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The Gilmore Taylor Team are a proud sponsor of this year’s Cancer Society Relay For Life. On Friday 1 April from 2pm-6pm our team will be completing laps of the Hātea Loop With your support, we’ll make a real difference for New Zealanders with cancer and their whānau. 100% of the funds we raise will […]
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We at Gilmore Taylor Associates are very proud and humbled by our long standing client, Murdoch Ross, who has done some amazing things for the community. We congratulate him on receiving the Civic Honours Award. Whangarei District Council is very proud to award a Civic Honour to Murdoch Ross in gratitude for his contribution to […]
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February 2022 2022 livestock values for tax purposes The National Standard costs for the 2021/2022 income year were released on 28 February 2022. They are produced in the table below: The NSC value of an animal is calculated with its cumulative costs and an adjustment for sales and purchases. For example a Rising 2 year […]
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Considering trading NFT’s from your favourite artist?
You may have tax obligations
Read moreAt each of the three phases to the Omicron response, there are different requirements for businesses, including testing and how long cases need to isolate for. This is to better enable critical workforces to continue operating through a widespread community outbreak of the Omicron variant. At each phase of the Omicron response, there are different […]
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Minimum wage increase – 1 April 2022 The minimum wage will rise to $21.20 an hour from April 1. It is currently set at $20. The 6 per cent increase is just above the annual rate of inflation recorded in the December quarter. The starting out and training minimum wage will increase from $16 to […]
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The extension of the Brightline Test last year from 5 years to 10 years has resulted in families having to pay tax unexpectedly where parents have assisted their children with purchasing a home and their equity share had been sold, or the property sold. The Brightline Tests means when parents purchase an equity share in […]
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