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Suburban Scammers Pushing Illegal Early Access To Super

Posted by Michael Kirby on Oct 18, 2018 7:00:00 AM

The ATO has become aware of people in some suburban areas of major cities attempting to encourage others to illegally access their super early (generally for a fee) to help them to purchase a car, to pay debts, to take a holiday, or to provide money to family overseas in need. The ATO advises that anyone approached by someone telling them that they can access their super early, or anyone hearing about it from family, friends or work colleagues:

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Topics: tax

Risk and Return

Posted by Bizink on Jul 2, 2014 1:51:11 PM

As accountants, we come across many business owners who haven’t given a lot of thought to what their longer term plans are.  Often they are continually bogged down in the daily routine and don’t take the time out to plan for the future.

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Topics: advice, business, Firm News, startup, Succession, accounting, be your own boss, Blog, return, risk, small business, tax

Mixed use holiday home

Posted by Bizink on Jan 2, 2013 6:31:26 AM

Do you rent out your holiday home or bach?

The new rules on mixed-use assets could affect you.

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Topics: Firm News, rental property, bach, Blog, mixed use assets, mixed use holiday homes, rental, tax, holiday home

Penalties for false income reporting – case study

Posted by Bizink on Sep 12, 2011 5:47:47 AM

Former restaurant owner gets home detention for false income reporting

A former Wellington restaurant owner has been sentenced to five months home detention and 200 hours of community work for filing false Income Tax and GST returns and evading tax.

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Topics: false returns, Firm News, accounting, Blog, Inland Revenue, penalties, tax, tax evasion

What Tax do I have to pay if I’m Selling a Property for Profit?

Posted by Bizink on Dec 7, 2010 5:34:42 AM

If you sell your family home and are lucky enough to make a good profit to help with the purchase of your next family home – don’t worry about it – if it’s all straight up and uncomplicated and the time factor is reasonable and you are doing what you say you are doing the IRD won’t be interested as the profits from the sale of a family home are generally not taxable. You will need to declare it on an IR3 – as an individual tax return and tell the IRD what you are doing and how all the figures are worked out.

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Topics: Firm News, GST, investment property, rental property, xero, accounting, Blog, IRD, profit, property sale, property tax, tax, changes

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