Noteworthy November!

Posted 4 years, 12 months ago by Maggie Waine    3 comments

Only a month until Christmas! Where has that time flown to?  Baby Heath is a baby no more and has just turned 1!  Our offices (both Hamilton and Tokoroa) will be closed from Monday 17th December and reopening again on 14th January 2013.  During that time the phones and emails will NOT be monitored, so any messages will not be checked until we reopen.  We hope that you all have a safe and happy holiday and that Santa brings you lots of pressies!!

Just another reminder that our Hamilton office is NO LONGER located at Horotiu Road.  We have had a few clients drop off their records on the doorstep.  This will prove problematic when we move!!  Please ensure that your records are sent to:

4A Mill Lane, Whitiora, Hamilton

Along with the change of address we have also upgraded our telephone system.  You now only have to call 0800 MATLEY and we are able to divert your call directly to whom you require - in either office!  The new fax numbers are:

Tokoroa 07 886 8178

Hamilton 07 838 9193

If you would like to receive this newsletter to a different address - please reply back with the address that you would like it changed to and we will update our system.  Also, if you think that you have a friend or colleague who would like our newsletter, please forward them this copy and they can subscribe following the instructions at the bottom.



- Tax-e-mail, Issue 1207 (Published by The Small Business Institute Limited)

Clients who rent out their apartments for short term stays, are involved in a commercial activity.  This may mean GST registration.  However, it may also mean they can claim the 15% fit out adjustment.  There is some debate about this.



- Tax-e-mail, Issue 1207 (Published by The Small Business Institute Limited)

The new IRD rate is 77 cents/km.  It is effective for the 2012 year.  The annoucement was made on 3 August 2012.




- Tax-e-mail, Issue 1206 (Published by The Small Business Institute Limited)

The IRD has just issued QB 12/11.  The QB says it is not tax avoidance to sell your home to an LTC for rental purposes, maximise your borrowing then use the money to buy a new home to live in.

Tax avoidance is very difficult to define and since the Penny and Hooper decision the goal posts appear to have moved again with the introduction of the "Parliamentary comtemplation test".  QB 12/11 only deals with the avoidance issues from the point of view of the Parliamentary contemplation test and does not provide sufficient detailed analysis of how this conclusion is reached.  We are threfore left up in the air as to how the IRD now sees avoidance.  We have asked for an explanation but have not yet received an answer.




- CCH, NZ Tax Tracker, Issue 8 Aug 2012

On 16 August 2012, the Income Tax (Universalisation of In-work Tax Credit) Amendment Bill (51-1) was introduced.  The purpose of the Bill is to enhance the fairness of the Working for Families tax credit scheme by amending the Income Tax Act 2007 to remove the discriminatory aspect of the in-work tax credit and extend the payment of an in-work tax credit to a parent who is in receipt of an income-tested benefit, veteran's pension or a parent's allowance.

The Bill proposes to amend the Income Tax Act by repealing ss MA 7, MD 8 and MD 9, and amending ss MC 6 and MD 4.




Now usually we find titbits online about the "uniqueness" of New Zealand's Inland Revenue Department, but this one actually came into our office.  Our staff member JANINE sent a message to the IRD for a client about a reoccuring problem with trying to change their balance date.  This is the reply that was received:

Dear Janice (yes, name wrong),

Thank you for your email.

My telepohione (yes that is the spelling) call to you yesterday also refers.

My most sincere apologies.  Our records show we actioned your request, but we actually did nothing. (yes, that is what it says)

I hope to have rectified everything in the next couple of days.

Yours sincerely

David W Barnes Customer Sercvices (yes that is the spelling)

Special aren't they???




Botox and nose drops and needles for knitting,

Walkers and handrails and new dental fittings,

Bundles of magazines tied up in string,

These are a few of my favourite things.

Cadillacs's and cataracts, hearing aids and glasses,

Polident and Fixodent and false teeth in glasses,

Pacemakers, golf carts and porches with swings,

These are a few of my favourite things.

When the pipes leak, When the bones creak,

When the knees go bad,

I simply remember my favourite things,

And then I don't feel so bad.

Hot tea and crumpets and corn pads for bunions,

No spicy hot food or food cooked with onions,

Bathrobes and heating pads and hot meals they bring,

These are a few of my favourite things.

Back pain, confused brains and no need for sinnin',

Thin bones and fractures and hair that is thinnin',

And we won't mention our short shrunken frames,

When we remember our favourite things.

When the joints ache, When the hips break,

When the eyes grow dim,

Then I remember the great life I've had,

And then I don't feel so bad.


4 years, 5 months ago
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4 years, 5 months ago
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