Agents Answers - 2010
Agents Answers is our monthly newsletter to tax agents on operational and technical issues. Browse issues from 2010.
Agents Answers issue 131 December 2010
In this issue: Our services during the holiday season, thanks for support post-earthquake, completing an interim IR4J, Southland/Otago adverse weather – tax relief, IETC reminder, paper correspondence and you, GST adjustments at 12.5%, unclaimed monies, qualifying company reforms announced, tax invoices with an incorrect GST rate, student loan voluntary payment bonus, repeal of fund withdrawal tax, interpretation statement on the care and management of taxes covered by the Inland Revenue Acts, the e-Commerce hidden economy.
Agents Answers issue 130 November 2010
In this issue: completing the Client linking and delinking (IR795) form correctly, authority to act ends with the client's death, ACC CoverPlus Extra premiums deductible, redundancy tax credit extended, FBT returns - making the right elections, binding rulings updates, new-look GST guides and factsheet, online services accounts - who can be the owner, refunds we've sent in error, GST late filing penalties, Budget 2010 - RWT rate change for trustees and Māori authorities.
Agents Answers issue 129 October 2010
In this issue: Tax help for small businesses effected by the earthquake, GST now the rate has changed, changes help businesses move to new GST rate, recent standard practice statements, KiwiSaver amendments, lease terms for depreciation purposes, how to link or delink your client when they're a restricted client, L letters, summary reports for electronic notices, gift duty exemptions amended, recent legislative changes, new donee organisation, student loan voluntary repayment bonus, update to the definition of "honoraria", send and receive mail, educating about loss rules.
Agents Answers Issue 128 September 2010
In this issue: 1 October change in GST rate, tips for calculating new GST rate, fringe benefit tax (FBT) rate change, employer superannuation contribution tax (ESCT), losses and payment of income tax liabilities, redesigned KiwiSaver guide, provisional tax and 2010 budget, RWT interest and prescribed investor (PIR) rates changing, we’re contacting employers and GST registered entities about budget changes.
Agents Answers Issue 127 August 2010
In this issue: accounting for GST in prices and business systems, how to get the best from our phone services, avoiding the common property tax mistakes, outstanding returns and instalment arrangements, our compliance plans for the coming year, always use our latest publications, guidelines on issuing, reissuing or amending a PTS, paying by credit or debit card.
Agents Answers Issue 126 July 2010
In this issue: Tax agents and personal debt, standard-cost adjustments, ACC levies and special tax codes, mileage rates for motor vehicles, revised disputes resolution process, questions we've been asked, making tax easier - Government consultation, 2010 budget update.
Agents Answers Issue 125 June 2010
In this issue: Self-service calling aid replaces INFOexpress card, regaining a client's extension of time, online services for tax agents and your responsibilities, new electronic notices for E-file tax agents, your authority to act, student loan reminders, RWT rates from 1 April 2010, May 2010 budget update, income/losses from (PIEs), Inland Revenue sets sights on undeclared offshore income.
Agents Answers Issue 124 May 2010
In this issue: Provisional tax for 2011 tax year, compliance and tax agents, incorrect interest calculation for some non-resident companies, new tax treaties, PTS requests for student loan borrowers, interest-free student loans for charities volunteers, foreign tax credits from FIF income, changes to interest-free exemptions for student loan borrowers, changes to international tax rules, warning over hoax email.
Agents Answers Issue 123 April 2010
In this issue: Target dates for 2011, educating your clients, income equalisation scheme, extra adjustment not needed for IR4J, new rates for child support 2011, instalment arrangements via tax agents, student loan voluntary repayment bonus, client maintenance service availability, online financial transfer requests, taxing redundancy payments, 2010 tax credit claims, income/losses from PIEs.
Agents Answers Issue 122 March 2010
In this issue: 2010 annual returns, calculations for new secondary tax rate, changes to RWT rates and thresholds, no paper IR345 for online payers, trusts and timing of income allocation, public rulings on deductibility of break fees, non-standard balance date for horse breeders, attribution rule and company intermediaries, return filing and refunds for unit trusts, eligible relocation expenses, reducing paper statements and notices.
Agents Answers Issue 121 February 2010
In this issue: End-of-year filing performance tips, tax due 7 April, online financial transfer requests, GST and associated persons, new 0800 features, IR3 filers and child support calculations, starting payroll giving, non-payment penalties and your clients, certificate of exemption renewals and tax codes, tax statistics online, GST on ITO fees, trialling instalment arrangements via tax agents, waste disposal levy, changes impact on horticulture and viticulture industries, news from our policy advice division, WfFTCs and IR3 filers, input tax deduction for GST.
Date published: 01 Feb 2010
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