There’s been some confusion about proposed changes to the tax treatment of rental losses. Many taxpayers have been a bit panicky, under the impression that the changes are already in force. While it seems to be fairly certain that these changes will come in, until the law passes they are not in operation. The legislation to make this …
Answer To claim a tax deduction for payments to family members for services: the family member must provide services to your business; the amount paid must not be excessive; and if the family member is your spouse or partner, you must have the Commissioner’s prior approval for a deduction unless you run your business through …
From 1 April 2014, some payment rates increase based on the updated Consumer Price Index of 1.38%. The Annual General Adjustments include: rates and thresholds for main benefits, Student Allowances, Student Loan Living Costs and the Foster Care Allowance rates and thresholds for some supplementary assistance thresholds for the Community Services Card New Zealand Superannuation …
