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Features News Articles and Reports − keeping you up-to-date with local and international tax-related matters.
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, please contact us. Economic Impact Payment...
Further tax relief for the Shakey Isles
by Gina Gatchell, Director On 30 April 2020 the second major round of COVID-19-related tax relief was expedited through Parliament. The COVID-19 Response (Taxation and Other Regulatory Urgent Measures) Bill passed through all readings on 30 April 2020. It is referred...
FAQs About Economic Impact Payments
We have been closely monitoring IRS information being released about the economic impact payments. Here's what you want to know: Q: How will I receive the payment?A: If you have filed a 2018 or 2019 US tax return, the IRS will review whether any US bank account...
Check if your IRS Economic Relief Payment is on its way to you!
A new online tool has been launched to assist taxpayers to obtain the IRS stimulus payments. Taxpayers can check their eligibility for the payment, track the status of the payment, and enter US bank account details in order to receive a direct deposit from the IRS....
Internal Revenue Service Economic Relief for US Persons
US persons, including US citizens and resident aliens, now qualify for economic relief under the Families First Coronavirus Response Act of 2020 which was signed into law on March 18, 2020 . Every American adult with adjusted gross income (AGI) on their 2018 or 2019...
Internal Revenue Service Extends Filing Deadline to 15 July 2020 – Payment and Filing Due Dates Now Aligned
The agency has now extended the filing, as well as the payment due dates, for 2019 individual, trust, estate and other domestic returns to July 15, 2020. This advice was issued in Notice 2020-18, superseding Notice 2020-17. Notice 2020-18 refers to Affected Taxpayers...
IRS Announces April 15 Tax Payments Deadline 90-day Extension Due to Coronavirus
Today the US government announced tax relief due to COVID-19 including: a 90-day extension on year-end tax payments for 2019, otherwise due on April 15 2020. The automatic waiver of interest and penalties upon receipt of these otherwise late payments. Individuals with...
Fresh IRS warning to taxpayers with seriously delinquent tax debt
Following on from the January 2018 measures introduced under the FAST Act, the IRS released Notice IR-2019-23 on 27 February 2019.
The latest notice is a fresh warning to taxpayers with overdue debt. They are at risk of being unable to obtain, or renew, their US passport.
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,
