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News & Views

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Discover Moore: Secondment adventure to Moore Japan

Travelling the world or adventure might not be the first things that come to mind when choosing a career in professional services. However, for Jonathan Naysmith, Assistant Audit Manager at Moore Markhams, it was front of mind when he started looking for the right start to his audit career.

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Charities De-Registration Tax on Assets

A recent law change has been passed by Parliament impacting charity deregistration tax rules.When a charity is removed from the Charities Register, they may need to pay de-registration tax.

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Make Waste History - Client Profile

We recently caught up with our client Vinnie Callister, the founder of event waste management company Waste Wizards, who has recently embarked on a new venture with the launch of his charity Make Waste History. This initiative aims to address the various costs associated with waste in New Zealand, beyond just the financial aspect.

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Changes to the Residential Property Bright-line Rules

Along with changes to the interest deductibility rules, legislation has been passed which repeals the current bright-line tests, replacing them with a new (or old) 2-year test.

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Government Reverses Interest Deductibility Limitations

With the new Government now firmly settled in, legislation has been passed which reverses the interest deductibility limitation rules that were introduced by the previous government in 2021.

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Automation and Accounting

All too often we get into a routine without stepping back and considering why we are doing things. The same goes with our accounting systems and processes. Your finance team is probably busy keeping on top of their day-to-day workloads but has consideration been given to how productivity can be improved through the use of readily available software?

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Changes to GST for the Platform Economy

In March 2023, legislation in relation to the platform economy was passed, affecting the GST treatment of services made through an electronic marketplace from 1 April 2024. We saw something similar back in 2019, where the GST rules on imported goods were amended to treat operators of online marketplaces as liable for returning GST, as opposed to individual sellers. Now the rules are being expanded to include listed services, such as accommodation, ride-sharing services and food delivery services.

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GenAI – A Leap Forward

Artificial intelligence (AI) is the new buzzword at the moment, with business leaders touting its importance and the significant impact it will have on the way we conduct business. The reality is that AI has been around for a while, but in the past few years has taken a great leap in terms of its usefulness and accessibility for the general public.

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Budget 2024 - Our View

The New Zealand 2024 Budget was handed down on 30 May at 2pm. The Budget for 2024 demonstrates fiscal responsibility, provides long-awaited tax relief for 83% of New Zealanders, and allocates funds towards enhancing frontline public services for improved outcomes.

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Rollover Relief or Grief?

The main change is that the bright-line period will now decrease from 10 years for existing properties or 5 years for a new build, to 2 years which applies to disposals on or after the 1 July. Rollover relief rules applying to bright-line transfers of residential land have also had a complete makeover, with the new criteria applying from 1 July.