Author Archives: Crystal Scott

Many New Zealand businesses use gift cards to reward employees, particularly at Christmas or for staff incentives. However, the tax treatment of employee gift cards can be confusing, especially with the interaction between PAYE and Fringe Benefit Tax (FBT). With proposed changes to Inland Revenue rules affecting how gift cards are classified and taxed, employers need to understand when PAYE applies, when FBT applies, and how the new legislation may impact staff rewards.

New Zealand’s updated tax brackets and credits now apply for the full 2025–2026 tax year, increasing take-home pay for many individuals and families. This article outlines the current tax rates, key credits, family support changes, and what taxpayers and employers need to know to stay compliant.

One of the most common misconceptions in New Zealand is that moving into a higher tax bracket means all of your income is taxed at that higher rate. This is not the case. Learn more about marginal rates and how your overall tax is calculated.

Corporate gifts are a great way to recognise employees, thank clients, and mark special occasions like Christmas or business milestones. But while generosity is encouraged, it’s important to understand the tax implications – especially when gifting to employees.

Many businesses fail because they don’t manage their tax obligations properly. If you’re in business, it’s essential to understand how much tax you’ll pay, how it’s calculated, when it’s due, and what methods are available to manage your payments.

For sole traders, businesses, and property owners – This article will guide you through what you need to know and how to prepare for tax year end.

Effective 16 January 2025, Inland Revenue has adjusted the interest rates applied to tax overpayments and underpayments. These changes affect all taxpayers, including individuals, sole traders, and businesses.

Trusts offer several benefits. For example: asset protection, tax planning, and more…

As we prepare for the new financial year starting 1 April 2024, we would like to highlight several crucial tax changes that may affect you and your financial planning