Concerns About Unexpected Tax Bills scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Fellow Chartered Accountant Trudi Ballantyne. Source: Supplied.
It was an agribusiness disaster of epic proportions, and the humble kiwifruit was at the heart of it.
In 2010, a kiwifruit vine-eating disease called Psa quietly crept through the orchards of New Zealand’s Te Puke region.
Just like that, a billion-dollar industry was at a standstill and more than 3,000 growers were in crisis until a fellow Chartered Accountant by the name of Trudi Ballantyne stepped in with an innovative solution.
No choice but to start over
On the frontlines of the kiwi catastrophe, the growers learned that the only way to control the spread of Psa was to cut out their vines. Having to cut out the vines would mean ‘greenfielding’ a five year process whereby mature vines are removed and replaced with new plantings. This loss of their livelihoods was a devastating prospect.
New Zealand set to introduce new business continuity test for tax loss carry-forward rules internationaltaxreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationaltaxreview.com Daily Mail and Mail on Sunday newspapers.
Monday, 15 March 2021, 3:26 pm
Inland Revenue is turning its hidden economy focus on to
the real estate sector, including both the under reporting
of income and the overstating of expenses.
Inland
Revenue spokesperson Richard Owen says “Real estate is one
area that is booming during COVID and our analysis of the
sector suggests real estate salespeople/agents commonly
claim high level of expenses relative to their
income.
“Inland Revenue believes the issue is
widespread and we must act. People are claiming private
expenditure but not keeping logbooks or other business
records to support the claim.
“If we are concerned
that someone has overclaimed expenses, they will receive a
Monday, 15 March 2021, 3:26 pm | New Zealand Inland Revenue Inland Revenue is turning its hidden economy focus on to the real estate sector,
including both the under reporting of income and the overstating of expenses. Inland
Revenue spokesperson Richard Owen says “Real estate is one area that is booming . More
Tuesday, 20 October 2020, 11:44 am | New Zealand Inland Revenue Inland Revenue is experiencing some issues with its online service, myIR. Customers
are unable to log-in or the log-in is very slow. We are working as a matter of urgency
on a way to restore the service. IR first noticed the issues yesterday morning. The . More