To fight a big data security problem, think small

August 22, 2016
For spammers, small is the new big, as they try to avoid detection by sending fewer messages than ever before Following a report from Bloomberg, more light has been cast on what is called ‘artisanal spam,’ or ‘snowshoe’ spam. Rather like how an actual snowshoe redistributes the weight of the person wearing it, snowshoe spam involves redistributing the load of a spam message across multiple IP addresses. This is done to help avoid detection by filters designed to combat spam messages...

New Tax Rules Coming

August 22, 2016
From 1 April 2017 there are going to be a number of significant tax changes. Proposals include the following: Use of Money lnterest (UOMI) UOMI is a charge on higher incomes for short paid tax. Currently, if the tax on your personal income for the year is less than $50,000, after deducting all other taxes paid as you go, you are not liable for UOMI. This threshold is to be increased to $60,000, which is equivalent to getting $209,333, assuming no...

Employment - Breaching Standards

August 22, 2016
Breaches of minimum employment standards are still in the news. Be aware of what the standards are and whether your systems comply It’s not only that if you’re found in breach, you are liable for penalties. A recent case saw a Labour Inspector challenge a determination with the result that the employer’s original penalty for non-compliance was increased by a factor of 9, raising the initial penalty of $500 to $4,500. The employer had originally been ordered to pay $500 for...

Health and Safety at Work Act 2016

August 22, 2016
Health and Safety at Work Act 2016 Heads-up The new Health and Safety at Work Act took effect, replacing the Health and Safety in Employment Act 1992 and has now been in place for 5 months. Some businesses are still grappling with what is required. A lot of information is still to come on how the Act will operate. Regulations will be released to clarify how it will work for different industries. WorkSafe New Zealand will provide guidelines to businesses and...

Manufacturing and/or Construction: Know your Profitability

June 9, 2016
Advance planning your entrance into global markets Manufacturers and distributors that conscientiously and assertively develop overseas markets typically have twice the growth rate of those that merely chase opportunities as they arise. Many companies enter the global market or supply chain to fill a customer’s specific need. While this kind of happy accident can help you get your international feet wet, it comes with considerably more risk. It’s tough to fault a company for taking advantage of any growth opportunity...

Changes to land sales could affect you

June 3, 2016
Changes to land sales could affect you Are you selling residential land? From 1 July 2016, a new withholding tax - residential land withholding tax (RLWT) - may need to be deducted from a property sale/disposal where the property being sold/disposed of is in New Zealand and meets the definition of ‘residential land’, and the vendor: acquired the property on or after 1 October 2015, and has owned it for less than two years before selling or disposing of the property,...

Timely Reminders

June 3, 2016
Note: these dates apply to those clients for whom we prepare tax returns. Different dates will apply for those clients for whom we don't prepare returns. Please ask us if you'd like more information. Tax Type Who / What When it’s due PAYE large employers return and payment 7 June (as 5th falls on a weekend and 6th on Queen's Birthday) 5 July 5 August large and small employers return and payment 20 June 20 July 22 August (as 20th falls...

Budget Perspective

June 3, 2016
No drama The 2016 budget has come and gone and the only people really shouting about it are the Opposition and the tobacco companies. Perhaps the Government felt they have already given businesses enough to be excited about with their pre-Budget announcements of the proposed tax simplification and business transformation. Beyond the reform of the provisional tax system and other changes announced to be staged over 2017 and 2018 (covered here on page 2), there were no dramatic shifts for business....

Tax Talk

June 3, 2016
Making tax simpler In April, the Government announced proposals to simplify business tax, with legislation to be passed in August this year. They asked for feedback by end May on the best way to implement these proposals. The earliest of the changes would take effect from April 2017, with more coming online in 2018. At the moment, this would change the tax landscape to look something like this: From 1 April 2017 Use of money interest Hundreds of thousands of taxpayers...

Risk and Reward

June 3, 2016
Underpaid income tax? Underpaid provisional tax can cause a few headaches. Maybe you did not keep up with your provisional tax payments throughout the year? (oops) Perhaps you did not end up paying enough because you had a better-than-expected financial year (yay! but damn, an increased tax liability). It could be that seasonality or volatility make it difficult to forecast your provisional tax payments. Whatever the case, owing the taxman additional income tax can put pressure on your business’ cashflow. With...
Page 1 2 3 4 5 6 7 8 10 12 13