Business Results Group Articles Archive:

Proposed Changes to Tax Deductibility of Farmhouse Expenses

Proposed Changes to Tax Deductibility of Farmhouse Expenses

IRD are currently reviewing the laws around tax deductibility of farmhouse expenses. Since the 1960s, farmers and orchardists have been able to deduct 25% of farmhouse expenses without  needing to provide evidence of their business use. They have also been able to deduct 100% of rates bills and interest costs on loans.

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Kiwifruit Contractor Payments

Kiwifruit Contractor Payments

Over the last few months there have been a number of clients that have received letters from IRD in relation to payments made to labour only contractors in the kiwifruit industry. This is mainly in relation to summer and winter pruning. Generally these letters have come about because IRD are investigating a particular contractor that is possibly not doing things correctly in relation to withholding tax.

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2017 New Zealand Dairy Industry Awards

2017 New Zealand Dairy Industry Awards

Entries to the 2017 NZ Dairy Industry Awards open on 20 October 2016.

BRG proudly sponsors the New Zealand Dairy Industry Awards for the Bay of Plenty Region.

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Targeting the Cash Economy

Inland Revenue’s crackdown on ‘cashies’ continues with their focus on undeclared cash in the construction and hospitality sectors. Last year, the Auckland region saw the most activity. Inland Revenue are now widening their reach. They’ve been trying to change attitudes among tradies and subcontracting businesses and their efforts seem to be getting results.

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Trudi Ballantyne Awarded Prestigious Fellowship Award by Charted Accountants Australia & New Zealand

Our very own Trudi Ballantyne has been awarded the prestigious Fellowship Award by the Chartered Accountants governing body.

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Filing GST Returns Through Xero

Filing GST Returns Through Xero

IRD are currently running a trial to file GST returns directly through Xero to Inland Revenue.

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New Property Tax Laws

New Property Tax Laws

New tax rules now apply to residential property sales made from 1 October 2015.

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