New Zealand and United States Tax Consultants

Chartered Accountants

Responsive. Engaging. Resolving.  

Don’t gamble when it comes to your taxes – call us today.

Whatever your tax issue, we will resolve it.

We have relocated back to the Citigroup Centre at 23 Customs St East, Auckland.

Our offices are open: Mon – Fri 0800 – 1800

Sat 0800 – 1500 by appointment

Work with us and experience the NZ US tax difference: experience, expertise, excellence.

There is no better time to work with us. Contact us today: +64.9.5255931.

ARTICLES

The Foreign Account Tax Compliance Act – FATCA explained

In 2010 I received a call from a very upset US citizen about the enactment of the Foreign Account Tax Compliance Act.

She sent me the article she had just read, which set out the future of information reporting by institutions outside the United States to the US government.

read more

V-Day jitters shake the Shakey Isles

With enough rumblings to cause a volcanic eruption, the capital gains tax debate is currently raging in New Zealand. The
bonfire was ignited after the Tax Working Group’s Final Report was released last week, in it recommending capital gains tax be introduced from
1 April 2021 (Valuation Day, or ‘V-Day’).

read more

Trusts classification: what you don’t know can hurt you!

Are you getting the classification of your trust correct for US tax purposes? In 2018 the Internal Revenue Service started a campaign targeting foreign trusts’ failure to comply with the filing requirements of US owners[1] of foreign trusts, including ownership, and transactions with a foreign trust. For US expats it is a minefield requiring an experienced US tax practitioner to guide them through.

read more

If your tax situation is complex and involves multi-jurisdiction tax law, foreign tax and currency regulations, and potential gray areas, then you need a specialised tax service that offers you access to strategic tax advice and experts who can make judgment calls based on extensive experience.

Auckland-based NZ US Tax Specialists Ltd is a boutique Tax Advisory and Accountancy firm, providing international tax services to 

  • United States citizens living in New Zealand who have personal or corporate tax obligations in the US, 
  • New Zealand citizens based in the United States who have personal or corporate tax obligations in New Zealand,
  • Organizations that have multi-jurisdiction tax requirements and obligations, and
  • High net worth individuals (HNWI) who require tax expertise.

Q & A with our Experts

Q

We purchased our home in New Zealand and have just sold it and repaid our mortgage. With respect to the repayment of the mortgage are there any US tax implications we need to be concerned about?

A

No. Whilst certain foreign currency-denominated debt instruments are subject to Internal Revenue Code provisions requiring foreign currency gain and/or losses to be recognized as ordinary income, the disposition of a foreign financial instrument by an individual, provided the instrument was acquired for personal use, will not give rise to recognizable foreign currency gain or loss on disposition. 

LATEST NEWS

Future of Tax in NZ – Comprehensive Report Released

‘Tax avoidance reduces the integrity of the tax system and erodes social capital. It is also fundamentally unfair, because it means that compliant taxpayers must pay more to make up for the lost revenue’.

The Tax Working Group released its Future of Tax Final Report on 21 February 2019,

read more

What our Clients Say

Lifesaver!
My husband and I had some last minute questions surrounding the April 15th deadline. Gina was able to clearly answer them for me. I was surprised that the director of the company would even take my call at such a busy time of year, so thanks for your help and knowledge.
EL, April  17th 2019

Our premium service is tailored to individuals, families, trusts and organizations that expect and appreciate highly personalised, discreet and professional tax services delivered by specialists who are technically competent in New Zealand and US tax law and financial regulations.

We offer three major categories of tax accounting and advisory services delivered by fully qualified, experienced in-house professionals:

  • New Zealand tax return preparation and filing
  • US tax return preparation and filing
  • International taxation advice

Clients who use both our NZ and US tax services benefit from our holistic approach to tax law compliance, but we can tailor our service offering to meet individual client’s needs, attending to all their requirements personally since we never outsource.

Our strategies will reduce or limit the impact of taxes on your income, assets and investments while remaining fully compliant with tax law and financial regulations.

Tax Service
Tax Consultant
NZ US Taxes
Tax Advice
NZ US Tax Specialists
NZ US Tax Specialist
NZ US Taxes
Tax Service
Tax Advice
Tax Consultant
NZ US Tax Specialists
NZ US Tax Specialist

Our technical expertise is in-house, we never outsource. Call us now to speak with our experts.
+64 9 525 5931

 

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