Russell Turner Chartered Accountants

If you are thinking about purchasing a big-ticket item for your business, bear in mind the Investment Boost may change after the next election.

Investment Boost may have an expiry date With the general election now only a few months away (7 November 2026), there is uncertainty about whether the current Investment Boost rules will still be available after the election, depending on who forms the next government.

DON'T GET CAUGHT!
Netsafe and Inland Revenue are warning New Zealanders about a massive surge in tax-related phishing scams during the current 2026 tax season. Fraudsters are aggressively targeting people with fake emails, texts, and social media ads offering bogus "tax refunds" or claiming you have an urgent, overdue tax bill.

EMAIL SCAMS
Scam emails often include these kinds of details:
- They are not from an Inland Revenue email address
- They do not include your name – instead, they might say ‘kia ora’ or ‘dear citizen’
- They include links, which do not go to the Inland Revenue website or myIR. Inland Revenue does not include links in their emails.
- The language, logo or colours may be wrong

TEXT (SMS) SCAMS
Inland Revenue will not send you a message from any number except 5678 or 4478 (in New Zealand), nor will they send links in text messages.

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Latest posts include
- what to do if you've got money in a business that's gone broke
- a tax pooling trial
- why it might be good to spend up now if you've got a 31 May balance date

Let us know if there is anything you'd like to read about going forward.

Blog | Russell Turner, Whangarei/Northland Visit the Russell Turner blog for accounting tips, tax updates, and insights to help you manage your business and personal finances effectively.

Employer and employee Kiwisaver contribution rates are changing from 1 April - see our latest blog for more info, including how employees can opt out.

Minimum wage rise and Kiwisaver contribution changes from 1 April 2026 This is an increase of 45 cents per hour from the current hourly rate of $23.50. The training and starting-out minimum wages will also both increase to $19.16 per hour, remaining at 80% of the adult minimum wage. This is a rise from the current minimum rate of $18.80 per hour.