Inland Revenue (IRD) has recently announced that it is significantly expanding their compliance activities as a result of additional funding...
Read More >Category: Working for Families
Important New Disclosure Rules for Trusts
The government announced that with the introduction of the top marginal tax rate of 39%, there would be increased focus...
Read More >Increase to Small Business Cashflow Scheme
The government recently announced an increase to the Small Business Cashflow Scheme (SBCS). This scheme is available for businesses with...
Read More >Tax on Fees Paid to Board Members
Inland Revenue (IR) has recently released information setting out the tax rules which apply on fees paid to board members....
Read More >Remaining Government COVID-19 Assistance for business
Wage subsidies are no longer in the mix of COVID-19 business assistance but with omicron now gaining a foothold in...
Read More >Merry Christmas and a very Happy New Year
The team at Generate Accounting would like to wish all our lovely clients and suppliers a very Merry Christmas and...
Read More >New Transition Payment Announced
The government has announced that a new one-off transition payment will be available for businesses from 10 December this year....
Read More >COVID-19 Business Debt Hibernation Scheme
The government has extended the COVID-19 Business Debt Hibernation (BDH) scheme until 31 October 2021 in response to the pressures...
Read More >New Resident Withholding Tax Rate for Higher Income Earners
Inland Revenue have announced that a new resident withholding tax rate for high income earners is now available. If you...
Read More >Purchase Price Allocation Rules
When you purchase a business, thought needs to be given to how you will value assets like stock, property and...
Read More >Big Changes for Residential Property Investors
The government has announced significant changes that will impact residential property investors. The Bright Line Test will be extended to...
Read More >COVID-19 – Resurgence Support Payment
The government has announced that they are activating the COVID-19 Resurgence Support Payment (RSP) to support businesses impacted by the...
Read More >COVID-19 Short-Term Absence Payment
The government has announced the new COVID-19 Short-Term Absence Payment which is available immediately.
Read More >Christmas & New Year Hours
Generate Accounting will close at midday on 23 December 2020 and reopen again on Monday 18 January 2021. We hope...
Read More >COVID-19 – New Assistance Available
COVID-19 – New Assistance Available With Auckland being placed into a Level 3 lockdown, the Government has made announcements about...
Read More >Coronavirus – Wage Subsidy Extension
First things first. Applications for the original wage subsidy expire today, Tuesday 9 June. If you haven’t already applied and...
Read More >Use of Money Interest Change
Inland Revenue have announced their new Use of Money Interest (UoMI) charges effective from Friday 8 May, 2020. For clients...
Read More >Coronavirus – Small Business Cashflow Loan Scheme
The government has announced a new interest free loan facility for SMEs, along with some overdue changes to the existing...
Read More >Coronavirus – tax loss scheme
Coronavirus – Tax Loss Scheme The government has announced details on the changes to tax losses as part of a...
Read More >Coronavirus – Companies Act changes
Coronavirus – Companies Act changes The government has announced today that they will introduce legislation to temporarily change the Companies...
Read More >Coronavirus – Business Finance Guarantee Scheme
Coronavirus – Business Finance Guarantee Scheme The government has announced details around their Business Finance Guarantee Scheme. The intention is...
Read More >Coronovirus – Changes Announced for Wage Subsidy
Coronavirus – Changes Announced for Wage Subsidy The government announced changes to the wage subsidy scheme on Friday 27 March....
Read More >Coronavirus – IRD Tax Payments
Coronavirus – IRD Tax Payments Inland Revenue have issued advice on tax payments during the Coronavirus pandemic. With New Zealanders...
Read More >Covid-19 – Essentials for Business
We pride ourselves on our commitment to our clients through thick and thin. With the Covid-19 pandemic rapidly impacting business,...
Read More >Coronavirus Wage Subsidy Q&A
Coronavirus Wage Subsidy Q&A We’ve pulled together a Q&A for the wage subsidy being offered by the government. Needless to...
Read More >Coronavirus Tax Changes
Coronavirus Tax Changes The coronavirus pandemic has seen some significant tax changes announced. Media attention seems to have focused on...
Read More >Covid-19 – Essentials for Business
Covid-19 – Essentials for Business We pride ourselves on our commitment to our clients through thick and thin. With the...
Read More >Xero offers free counselling for customers
Xero offers free counselling for customers Xero has announced a pilot programme of free counselling and support for their customers...
Read More >IRD and Coronavirus
IRD and Coronavirus It seems certain that the Coronavirus outbreak will have a significant impact on the economy in 2020....
Read More >Uber and Xero
Uber and Xero have partnered with each other to make keeping track of bills easy. The new service will automate...
Read More >Changes coming for Incorporated Societies
Changes coming for Incorporated Societies The Ministry of Business, Innovation and Employment (MBIE) have announced that they will pursue changes...
Read More >Reimbursing Employees for Bring Your Own Devices (BYOD)
Reimbursing Employees for Bring Your Own Devices (BYOD) Reimbursing employees using their own mobile phones or laptops is undergoing some...
Read More >Changes to Self-Employed ACC Levies
Changes to Self-Employed ACC Levies ACC have announced changes to the way they levy people who are self-employed. Until now,...
Read More >2019 Xero Awards Finalist
2019 Xero Awards Finalist We are blown away to learn that we have are a finalist in the 2019 Xero...
Read More >2019 Mileage Rate
2019 Mileage Rate The 2019 mileage rate has finally been released by Inland Revenue. This is the rate which applies...
Read More >Why do I have to depreciate an asset?
Why do I have to depreciate an asset? There are two reasons. One is for tax purposes and the other...
Read More >When is a tax payment considered late?
When is a tax payment considered late? When tax payments are late, interest and penalties can be applied on top...
Read More >Loss Ring-fencing on Rental Properties
Loss Ring-fencing on Rental Properties The government has just introduced their long signalled changes to rental property tax into Parliament....
Read More >Variable Pay for Employees
Variable Pay for Employees Variable pay is a way to allow employees to share in your organisation’s success, and it’s...
Read More >Christmas & New Year Holiday Hours
Christmas & New Year Holiday Hours Our office will close at midday on Friday 22 December, 2018 and reopen on...
Read More >Working Capital For Startups: Why It’s Important
Working Capital For Startups: Why It’s Important Are you an entrepreneur with a great idea or a startup company? If...
Read More >Xero Price Increase
Xero Price Increase Xero have announced that prices for their Standard and Premium pricing plans are increasing by $5 per...
Read More >Employee Share Schemes and Tax
Employee Share Schemes and Tax Changes apply to the tax treatment of employee share schemes from 29 September, 2018. The...
Read More >GST and AirBNB
GST and AirBNB Some homeowners are being impacted by GST and AirBNB. We have put together a blog covering some...
Read More >Payday Filing
Payday Filing Payday filing allows employers to replace the IR348 Employer Monthly Schedule form with online submission every payday. Online submission...
Read More >Anti-money Laundering and Accountants
Anti-money Laundering and Accountants Anti-Money Laundering legislation will impact Accountants from 1 October this year. What is Money Laundering? We...
Read More >Sales Activity Numbers Don’t Lie
Sales Activity Numbers Don’t Lie Sales Activity numbers don’t lie. In fact, they are the single most important factor in...
Read More >We’re on the Move!
We’re on the Move! Generate Accounting is on the move to brand new premises. The Auckland City Mission is taking...
Read More >New Mileage Rate Method Announced
New Mileage Rate Method Announced A new mileage rate method has been announced by Inland Revenue. Every year the department...
Read More >Credit Card Surcharges & GST
Credit Card Surcharges & GST Inland Revenue have been asked about their position on credit card surcharges & GST. To...
Read More >What is a Bad Debt?
What is a bad debt? Just what is a bad debt? That’s a question that Inland Revenue has set out...
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