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Collaboration and Reconnecting with WE Mana Chartered Accountants

Reconnecting with Our friends from WE Mana Chartered Accountants

We've had the pleasure of working with WE Mana, and their outsourcing team in Samoa, for over a year now. It's been a fruitful experience, and we look forward to many more successful collaborations with them in the future.

Recently we reconnected with our business colleagues and friends from WE Mana. Wyndi, Eli, and the team, when they were in town for an ICAANZ event and enjoyed a kai and a catch up. 

Emerging from Covid-19

As New Zealand moves down the COVID-19 alert levels businesses face a long transition period from the unknown to the ‘new normal’.

Social distancing, strict health and safety guidelines, restricted international and regional travel are amongst numerous practises that will likely continue to apply for as long as COVID-19 remains a global threat.

Office Closed Notice

The Yorke Stone Team hasn’t stopped since Covid-19 hit and we are taking this time to stop, get our energy levels back up and rest. 

We are back nice and fresh from the 6th of July 2020. Accountants: part time robots but mostly human. We thank everyone for understanding.

US tax rules

You may think New Zealand’s tax rules are difficult to follow. The following unusual, yet permitted deductions in the US may change your mind.

Resident Brightline

The Income Tax Act 2007 has long contained provisions to tax the sale of property (or other assets) acquired with the intention of disposal. However, ‘intention’ is a subjective concept and has been difficult for Inland Revenue to police.

Tax Working Group

The Tax Working Group (TWG) released its long awaited Final Report (‘the Report’) on 21 February 2019, following a 13 month review during which the Group received over 7,000 public submissions. The report contained 99 recommendations for the Government’s consideration; including the introduction of a broad Capital Gains Tax (‘CGT’).

Takeaway?

New Zealand may be perceived as clean and green by the rest of the world, but we have a significant and growing problem.

Holiday pay

The MBIE Labour Inspectorate have recently announced that they are going to prioritise employer compliance with the Holiday Pay Act. They expect businesses to calculate leave and holiday pay entitlements accurately.

Holiday pay

The MBIE Labour Inspectorate have recently announced that they are going to prioritise employer compliance with the Holiday Pay Act.

Bright-line breach warning

The bright-line test came into force from October 2015, introducing rules that a profit derived on the sale of a residential property is subject to tax if sold within two years of purchase, albeit subject to some exceptions such as the family home

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YORKE STONE & ASSOCIATES
Level 1
9 Reyburn Street,
Whangarei

 

CONTACT:
Phone: 09 4597574
Fax: 09 4597573
Email: admin@yorkestone.co.nz

 

HOURS
Mon - Fri: 8:00am - 4:30pm

After hours by appointment


 

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