Scott Accountants

06/06/2026

As part of last week's Government Budget announcement, additional funding has been provided to Inland Revenue to help recover unpaid tax debts.

If you have overdue tax, now may be a good time to review your position and take action before IRD becomes more proactive with collections.

For guidance on how to tackle IRD debt or assistance with cashflow reviews, get in touch with us.

04/06/2026

The new motor vehicle reimbursement rates for March 2026 year end have landed!

If you use your vehicle for business purposes, it's worth checking whether these updated rates apply to you.

Tier 1 Rates:
Applies for the first 14,000kms travelled during the income year (including business and non-business use).

Tier 2 Rates:
Applies for kilometres over 14,000kms during the income year (including business and non-business use).

04/06/2026

Do you run a charity, small club, or community organisation?

Then these changes from the recent Government Budget announcements might be relevant to you...

If you operate a taxable not-for-profit:
The tax-free income threshold is increasing from $1,000 to $10,000. Meaning many smaller groups won't need to worry about tax on modest earnings.

Membership fees remain tax-free:
Membership subscriptions and levies received by clubs, societies, and other not-for-profits will continue to be exempt from income tax, providing certainty for organisations planning ahead.

Donation tax credits will be easier to access:
People who donate to charities will be able to receive their donation tax credits sooner, rather than waiting until the end of the tax year. A new option will also allow donors to pass their tax credit back to the charity, helping charities receive even more support.

Simpler payments to volunteers:
Small payments made to volunteers will be easier for organisations to manage, reducing administration and making the rules clearer.

These changes are designed to reduce paperwork and support the valuable work that charities and community groups do throughout New Zealand.

03/06/2026

Last Thursday, our Government announced several tax and business changes in the 2026 Budget.

As promised, here are the key updates in easy to understand terms...

Company vehicle tax rules are being simplified:
If your company provides vehicles that can be used privately, the paperwork and record-keeping requirements are expected to become easier. This removes the requirement for detailed logbooks (we know you all love it when I’ve told you it’s time for a new one!)

Some tax calculations are being simplified:
Rules that can be complex for businesses dealing with loans, financing arrangements, or certain contracts are being reviewed to make them easier to apply.

Changes for overseas investments:
Thresholds for some foreign investment rules are increasing from $50K to $100K. Meaning fewer people may be caught by these rules and reporting requirements.

Most of these changes still need legislation and further detail, so we'll be keeping a close eye on developments and letting clients know when action is needed.

If you're unsure whether any of these changes affect you, get in touch with us for a chat!

31/05/2026

Happy King's Birthday!

We are enjoying the long weekend and hope you are too.

25/05/2026

The government is releasing the new budget Thursday 28th May.

I'll be listening in to share the highlights with you.

24/04/2026

Today, we remember and honour those who have served, and those still serving today.

We also recognise the people in our emergency services who continue to care for and protect our communities.

Thank you for your service. 🎖🇳🇿

20/08/2025

Thinking of hiring a staff member?

Check out this online calculator to help you work out the true cost of bringing someone new onboard

We package government information into handy tools and advice to help small businesses like yours get on and get ahead.

31/07/2025

We are currently reviewing your business trading for the year to date and getting these provisional tax letter reminders sent out for payments due 28th August 2025.

If you expect to be paying but haven't received a letter from us, reach out to double check.

26/07/2025

ACC Levy Time
If you’re a business owner (not self-employed), you’ve probably received your ACC levy invoice by now. If it hasn’t turned up, let us know — we can help track it down.

Also, make sure your industry classification is correct — it affects what you pay. Not sure? We’re happy to check it for you.

For sole traders/self-employed - yours should be on its way in September.