Should you use a credit card to pay off IRD debt?

If you sell a residential property in New Zealand within a specific period, you are required to pay income tax on any profits unless the property is your primary residence or another exemption applies.

While registered companies can freely employ family members, sole traders must seek approval from the Inland Revenue if they wish to bring their spouse or partner into the business.

We explore the implications of new legislation on GST, information collection, and the responsibilities of platform operators. Learn how these changes impact businesses and individuals in the platform economy and gain insights into how accountants can adapt to best serve their clients in this evolving landscape.