WK Blog: Tax

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KiwiSaver Employer Obligations (2026 Update)

Posted in Accounting & Advisory #budget #business #planning

For New Zealand businesses, staying on top of employer KiwiSaver contribution obligations is a key part of payroll compliance. With changes taking effect from 1 April 2026, employers must understand what’s required and ensure their systems are updated accordingly. Even…

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Fuel Costs in Transport Businesses: How to Protect Margin and Improve Freight Pricing

Posted in Accounting & Advisory #budget #business #planning

For any transport business in NZ, fuel costs are no longer just another line item, they are one of the biggest drivers of profitability. With fuel now accounting for 25–40% of total operating costs, even small fluctuations can significantly impact…

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Modern office workspace with employees working at desks and standing desks, using multiple monitors in a bright, open-plan environment with large windows and indoor plants.

End of Financial Year Checklist for NZ Businesses

Posted in Accounting & Advisory #end of financial year #eofy

As the end of financial year in NZ approaches, many business owners start thinking about taxes, financial reports, and whether their records are fully up to date. The weeks leading up to EOFY are the perfect time to review your…

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Team working in a bright, open-plan office with multiple desks and monitors, while a senior colleague stands nearby holding a coffee and speaking with staff.

Filing GST Return: Avoid These Common Mistakes

Posted in Accounting & Advisory #eofy #gst #gst filing

Filing a GST return is a routine task for many businesses, but even small mistakes can lead to penalties, delays, or inaccurate financial records. Whether you are a sole trader or running a growing company, understanding the common pitfalls in…

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The Xmas Grinch - tax rules for Christmas gifts given by New Zealand businesses

The Xmas Grinch – tax rules for Christmas gifts given by New Zealand businesses

Posted in Tax

Employee gifts ‘Tis the season for a friendly reminder that the tax rules for gifts to employees do not share the Christmas spirit.  The cost of the gifts will generally be deductible to the employer, but in most cases, there…

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New Zealand Budget 2025

New Zealand Budget 2025 delivers a surprise

Posted in Tax #budget

The New Zealand Government billed Budget 2025 as the “no BS Budget” in the weeks prior to the budget and they made it known that they would not be splashing around much in the way of…

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2025, the year IRD awakes from its slumber?

2025, the year IRD awakes from its slumber?

Posted in Tax #business #tax

For many years, there has been very little audit/investigations and audit activity from the New Zealand Inland Revenue Department because the IRD was focussing on its internal “Transformation” project. Then COVID came along just as the Transformation project finished.  In…

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IRD audit and enforcement activity to increase

Posted in Tax

For many years now, the New Zealand Inland Revenue has not been overly active, or at least not visible, in investigations or enforcement.  There have been various reasons for this.  The main reason was that the IRD was undergoing a…

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New Zealand Budget 2024

New Zealand Budget 2024 – a step in the right direction?

Posted in Tax

We were highly critical of the additional spending in Budget 2023 in a time of high inflation and were pessimistic of Treasury’s 2023 forecast that NZ would not enter a recession.   Treasury were, of course, wrong and NZ is…

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Family Boost – tax credit for childcare costs

Family Boost – tax credit for childcare costs

Posted in Tax

Last month, fulfilling an election promise, the Government announced a new credit called FamilyBoost for families paying for early childhood education (ECE).   FamilyBoost replaces the proposed extension to the 20 free ECE hours for under two-year olds announced by the…

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