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A new reporting standard, NZ IFRS 18, kicks in from 1 January 2027. Nothing to worry about right now, you might think. But if you wait until 2027 to think about NZ IFRS 18, you might find yourself in a panic.

Considering buying a commercial property in the next two years? By getting your ducks in a row early, you could save yourself hundreds of thousands of dollars. That was the message from the experts who spoke at a recent panel event, hosted by ANZ in Christchurch.

It’s been a long-held misconception that retirement village operators in New Zealand rake in excess profits—at least on paper. But a closer look reveals a different story.

New regulations are changing how some incorporated societies report their finances. The Incorporated Societies Act 2022 replaces the 1908 Act, marking the first major overhaul in more than 100 years.

The rules around calculating a company’s taxable income are well established. But what if you’re a mutual association – a resident’s association, membership organisation or industry group (among others)?

The broader implications of tariffs for New Zealand and Australian multinational businesses exporting to the US are significant. This environment is incredibly dynamic as more tariffs and retaliatory measures are released almost daily.

Without a dedicated CFO or finance team, how does a New Zealand business manage day-to-day accounting, stay compliant, identify opportunities for growth and mitigate risks? The answer for many is virtual CFO (vCFO) services.

Although retirement villages can be profitable, this study has revealed it can take more than 20 years before an owner of an average village fully recovers their investment. It explores the commonly held belief about the retirement village business model disproportionately benefiting operators financially. The path to profitability: Separating fact from fiction in New Zealand’s retirement village sector, is based on a discounted cashflow financial model of two retirement villages that represent a cross section of the sector: Rural villas in Canterbury and urban apartments in Auckland. It covers a 25-year period comprising the key stages of a retirement village development from sourcing land and construction, to project completion and revenue generation. It then takes into account the sector-specific sensitivities that impact a village’s profitability, some of which include occupancy lags, ORA (occupation right agreement) sale prices and construction costs.

Our tax and industry experts have cut through the noise to focus on the most significant announcements in Budget 2025, and reveal what they mean for your business.

Changes in the economic and fiscal policy priorities of the U.S. government together with the international response could have a significant, wide-ranging economic impact on entities in New Zealand, both directly and indirectly. These factors could trigger the need for responses in your accounting and financial reporting, including disclosures.

Inland Revenue has just released a draft operational statement (ED0265) about the income tax treatment of transactions between not-for-profit associations (Mutual Associations) and their members.

Inland Revenue has issued an open submission to reduce the complexity of compliance with fringe benefits tax (FBT) - a welcome move toward modernising the regime and addressing long-standing complexity, particularly around motor vehicles and minor benefits.

To meet your tax compliance requirements for the financial year end 2025, you need to complete an information questionnaire and send it back to us along with any required documentation. You can return your form using one of two methods - print and post or email.

Reporting changes have been introduced for not-for-profits (NFPs) reporting under the Tier 3 and Tier 4 frameworks, and are effective for periods beginning on or after 1 April 2024 for the year ending 31 March onwards.

Only 5% of businesses have cyber insurance, even though everyone is at risk of a cyberattack – and the cost of an incident can sink your entire organisation.

A consultation paper released by IRD is a reminder that charities and NFPs need to think hard about tax compliance to ensure they get it right. Because they often don’t pay income tax, those managing NFPs often see tax as less of a priority than their private sector equivalents.