Tag Archives: tax

Why are we donating millions to the taxman?

Opinion – In the bible, Jesus is reported as saying “… Render therefore unto Caesar the things which are Caesar’s …” (Matthew 22:21). This is indeed a tenet that is applicable in this modern world –  though for ‘Caesar’ read government (in … Continue reading

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IRD advice: Honoraria and taxing payments to volunteers

IRD advice on Honoraria and taxing payments to volunteers has been updated. Includes reimbursement of volunteers for expenses, mileage and honoraria. < Go to IRD website >  < See also:   Fringe Benefit Tax and Charities >

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Financial reporting landscape for Not for Profits confirmed

GRANT THORNTON have recently published a detailed summary of the two pieces of legislation outlining future financial reporting requirements for various types of reporting entities found in New Zealand. ” A countdown for Not for Profit entities has begun”. <Visit … Continue reading

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Fringe Benefit Tax and Charities

If you provide vouchers or short term charge facilities to your employees, from 1 April 2014 the rules on FBT are changing. Cjharities will no linger be exempt when the total value of the benefit (eg petrol vouchers, pre-loaded credit … Continue reading

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How long must documents be retained?

I would be grateful for information about any legal requirements that must be met with respect to the period of time that a trust must retain any documents, such as minutes of meetings, financial records, correspondence, etc “The formal records of … Continue reading

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