IRD in your inbox

With the changes to the new Inland Revenue Department (IRD) tax system you may note that you are getting much more correspondence from them than before. This is because the IRD is now sending information that would normally have gone to the tax agent,...... Read More

One Warkworth - Let the good times roll

The weather seems to have well and truly turned and things are starting to heat up. This brings the usual influx of visitors to our region and inevitable complaints about traffic, but also plenty of opportunities for our local businesses. As locals,...... Read More

Purchasing rental property

If you are thinking of buying a rental property, there are many things to consider. Here’s some information to help you. If you are buying a residential property you do not need to be GST registered as residential rental is an exempt activity....... Read More

Business - Thumbs up for BID

Firstly, thank you to everyone who chatted to me before the One Warkworth AGM about our Business Improvement District (BID) establishment proposal. We had 31 people vote in favour of the BID proposal by proxy and about 30 people who attended the meeting...... Read More

Claiming vehicle expenses

If you use your vehicle for business there are several options that you can choose from to get reimbursement for that use. Vehicle expenses can be claimed on either the actual running cost of the vehicle (whereby all expenses are taken into account...... Read More

One Warkworth - Information Centre stays

Recently, there have been some murmurings around Warkworth that the Information Centre is about to close. This has no doubt been brought about by news that One Warkworth has, after consultation with Matakana Coast Tourism, decided that the joint venture...... Read More

Brightline test explained

The latest budget has now passed and the government was not able to proceed with capital gains tax as it had no mandate from voters. This obviously means that there is no capital gains tax on the sale of rental property, unless you are caught under the...... Read More

From strength to strength

Being the end of our financial year, it’s a fitting time to do a round-up of our achievements over the last 12 months. Any business owner will know how much work goes on behind the scenes and One Warkworth is no different. We have a wonderful team...... Read More

Getting to grips with new IRD system

The Inland Revenue Department (IRD) implemented their new system in April. For taxpayers who were previously under the personal tax summary legislation, the IRD will now automatically complete your taxation requirements and will be issuing assessments...... Read More

Getting started

When setting up a new business it is important to get professional advice from an accountant and lawyer to ensure that there will be no unexpected problems later in the life of the business. It is important to first decide what kind of entity to trade...... Read More