TaxBrief August 2011

 

Welcome to the new look nsaTax TaxBrief newsletter.  If you have any problems viewing this newsletter, please click here to view the newsletter ina pdf format.

We hope you enjoy the new format as well as the articles covering topics of current interest.  


Issues with Forgiving Trust Debt

With gift duty to be abolished from 1 October 2011, many clients will be wanting to make a one off forgiveness of debt for the amount owned to them by their trust.  We discuss the tax and non-tax issues that should be considered before any such gift is made.

(Read more) 


Potential Tax Impact as Kiwi Dollar Gains

As you will all know, the Kiwi dollar has strengthened in recent months against major currencies, and it may well rise again this week as a result of further fallout from the US credit rating downgrade.

Although you may be thinking more about importing that convertible Mustang you have always wanted, it is probably a timely reminder as to how this volatility can impact on the taxation of financial arrangements. 

(Read more)


Tax Advice and the Cost of Not Getting it Right

A recent High Court case involving damages arising from negligent tax advice provided by an accountant has highlighted the ruinous effects of getting it wrong.  
In this article we discuss the cost of not getting tax advice.

(Read more)


Business Fitness Webinars

You may have heard that Business Fitness have recently been bought by CCH.  We expect to finalise arrangements with CCH shortly for the provision of our tax webinar services so we look forward to continuing the webinar series in conjunction with Business Fitness into the future. Keep an eye out for our upcoing webinars


If you have any comments on the new layout, content of the articles, or general comments we would love to hear from you.  Or if there are any topics you would like us to comment on, please send us an email with your ideas.  Thanks for reading the nsaTax TaxBrief. 

 
nsaTax Limited
Level 6, 3 City Road, Auckland
PO Box 3697, Auckland 1140, New Zealand
p: 09 309 6505 | f: 09 309 6506 | e: nsaTax@nsaTax.co.nz | www.nsaTax.co.nz
 
Directors: Phil Bell, Phil Walker, Bruce Watt, Graeme Carruthers, Lisa Murphy
 

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