Insights

The knowledge and insight from NZ US Tax Specialists, demonstrating our understanding of complex tax issues and challenges facing our clients.

IRD eyes on real estate agents in newly announced campaign

By Gina Gatchell, Director It has come as no surprise that Inland Revenue has started a new campaign to review the taxable income being declared by real estate agents. The campaign was announced on 11 May 2021. It was triggered by information falling into the hands of...

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IRS issuing Economic Impact Payment #3

Seventh round of IRS Economic Impact Payments commenced last week    The IRS has commenced disbursing the seventh round of pandemic-related government payments referred to as Economic Impact Payments.  This payment represents the third Economic Impact payment,...

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We are back on deck and it’s full steam ahead!

Our office has reopened as of 18 May, 2020. We would again like to acknowledge our clients, staff and suppliers for their support during this unprecedented era. If you would like to make an appointment to see one of our team,...

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Pre-migration planning for US citizens

By Gina Gatchell, Director Some of the less well-known tax issues Individuals with US citizenship (US individuals) encounter when they move to New Zealand can be mitigated with effective tax planning, ideally prior to migration.   The complexities from being dual...

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Further tax relief for the Shakey Isles

by Gina Gatchell, Director The act provides: Arrangements for carrying back net tax losses to provide cash flow quickly to any and all taxpayers with or expecting tax losses due to COVID-19. A first in the history of New Zealand taxation, the government has introduced...

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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.

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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’).

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