01/05/2026
Getting your tax wrong can be more than just an oversight.
IRD continues to take a firm stance where income is underreported, particularly when the pattern goes beyond a simple error. In these cases, shortfall penalties for tax evasion may apply.
With increased data matching and access to information, discrepancies are more likely to be identified.
Ensuring your reporting is accurate and well supported is key.
If you are unsure about your tax position, feel free to reach out to us.
14/04/2026
Payroll changes are here from 1 April 2026.
Even small increases can impact your overall costs.
Now is the time to review your payroll and plan ahead.
31/03/2026
Proposed changes to how shareholder loans are taxed have now been put on hold.
Inland Revenue had suggested treating certain shareholder loans as dividends, a move that raised concerns for many business owners. Following political opposition, those proposals will not proceed in their current form.
However, Inland Revenue is continuing to review this area, particularly where companies enter liquidation with outstanding shareholder balances.
While no immediate changes will apply, this remains an area to watch closely. If you have a shareholder current account or regularly draw funds from your company, it’s important to stay informed and ensure your structure remains appropriate.
If you’re unsure how this may affect your situation, reach out to us
30/03/2026
KiwiSaver changes are on the way.
From 1 April 2026, default contribution rates will increase from 3% to 3.5% for both employees and employers, with a further rise to 4% planned from 2028.
For most people, this change will happen automatically through payroll. If you’re already contributing above 3%, your rate won’t change, but employer contributions will adjust where required.
The update also means eligible 16 and 17-year-olds will begin receiving employer contributions, an important step towards earlier retirement savings.
While the changes are gradual, they may affect take-home pay and business payroll processes.
If you’re unsure how this applies to you, get in touch with our team.
