Author Archives: wkstrawbridge
IRD audit and enforcement activity to increase
For many years now, the New Zealand Inland Revenue has not been overly active, or at least not visible, in investigations or enforcement. There have been various reasons for this. The main reason was that the IRD was undergoing a…
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New Zealand Budget 2024 – a step in the right direction?
We were highly critical of the additional spending in Budget 2023 in a time of high inflation and were pessimistic of Treasury’s 2023 forecast that NZ would not enter a recession. Treasury were, of course, wrong and NZ is…
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Family Boost – tax credit for childcare costs
Last month, fulfilling an election promise, the Government announced a new credit called FamilyBoost for families paying for early childhood education (ECE). FamilyBoost replaces the proposed extension to the 20 free ECE hours for under two-year olds announced by the…
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Drought in the Nelson, Tasman & Marlborough Districts
On 14 March 2024, Minister for Agriculture, Todd McClay, declared a medium-scale adverse event for drought in the Marlborough, Tasman and Nelson districts. On Monday 18 March 2024, he fronted a hastily arranged meeting of affected farmers and growers along…
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Some certainty at last around the latest New Zealand tax changes – March 2024
As we have mentioned in recent articles, there are some relatively significant tax changes taking effect 1 April 2024 even though the draft legislation had not been released. Well finally, the detail behind upcoming changes was released yesterday when…
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Update on New Zealand Tax Bill – March 2024
The Finance and Expenditure Select Committee finally reported back on the Taxation (Annual Rates for 2023-24. Multinational Tax, and Remedial Matters) Bill ahead of its final reading in Parliament later this month. This Bill includes some important changes for large…
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WKIQ Expands Reach with Launch in Nelson
We’re excited to announce that WKIQ by WK Strawbridge Advisors & Accountants is coming to Nelson. This move reflects our commitment to empowering more New Zealand businesses with the tools and knowledge they need to thrive.
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2023 New Zealand General Election – Let the electioneering begin…
Today we had the first notable tax policy announcement in the lead-up to the 14 October General Election. Although, today’s announcement did not appear planned. Prime Minister, Chris Hipkins, was seemingly backed into a corner after poor polling and ruled…
Find out moreThe way BNZ bank feeds connect to Xero is changing
The way BNZ bank feeds connect to Xero is changing BNZ is revamping its Xero bank feeds to simplify the setup process and enhance access to transaction data. Consequently, if you’re a BNZ customer, you’ll need to…
Find out morePrimary Sector Conference 2023
Casey Gousmett from our office and Emma Pilcher from WK Blenheim recently attended the annual Primary Sector Conference held in Christchurch. The Primary Sector Conference 2023 was designed for rural accounting practitioners working with…
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