426809 http://www.shellockconsulting.co.nz en-nz Shellock Consulting Ltd 30 SPRINGING INTO ACTION – LAND TRANSACTIONS http://www.shellockconsulting.co.nz/blog/845366 The Inland Revenue Department's tax policy consultation document “Habitual buying and selling of land” has been released. What are the implications? 039, 25 Sep 2019 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/845366 WE’RE ALL IN THIS TOGETHER http://www.shellockconsulting.co.nz/blog/845425 A summary of proposed law changes around Feasibility Expenditure and Company Loss Continuity Rules 039, 25 Sep 2019 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/845425 NEW TRUST LAW MEANS SIGNIFICANT CHANGES FOR TRUSTEES http://www.shellockconsulting.co.nz/blog/843774 035, 29 Aug 2019 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/843774 trust lawchanges for trustees Budget 2019 – A Wellbeing Budget http://www.shellockconsulting.co.nz/blog/831511 A new form of thinking – The Wellbeing Budget 2019 was delivered 30th May 2019 Photo Credit: John Stuart Mill by London Stereoscopic Company, c1870 022, 30 May 2019 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/831511 Tax Working Group Report Released http://www.shellockconsulting.co.nz/blog/817599 The point of the Tax Working Group (TWG) was to consult widely, and to fix what to many is the inequality of our current tax system. So the big question is, has it delivered? 008, 21 Feb 2019 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/817599 The Treaty of Waitangi, 6 February 1840 http://www.shellockconsulting.co.nz/blog/816231 On 6th February 1840 the Treaty of Waitangi was first signed at Waitangi in the Bay of Islands, New Zealand 006, 5 Feb 2019 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/816231 Changes Ahead for Rentals and GST on Imported Goods http://www.shellockconsulting.co.nz/blog/813046 If you own a rental property, or regularly buy goods off-shore the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) will affect you. 049, 7 Dec 2018 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/813046 Christmas Dinner with World Vision http://www.shellockconsulting.co.nz/blog/812946 We wish you and your friends and family a safe and happy Christmas and New Year. If you are not sure what to have for Christmas Dinner, may we offer you some suggestions with the help of our friends at World Vision. 049, 5 Dec 2018 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/812946 world vision christmas dinner The 'light' alternative to Halloween http://www.shellockconsulting.co.nz/blog/808381 Shellock Consulting are proud supporters of Light Party 043, 25 Oct 2018 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/808381 The Tax Working Group, or a Dad's Army Appreciation Group? http://www.shellockconsulting.co.nz/blog/Tax-Working-Group The Tax Working Group's interim report information 039, 24 Sep 2018 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/Tax-Working-Group tax working groupdr michael cullengrant robertsoncapital gains taxstuart nash Did your Ancestors add their name to the 1893 petition for Women’s Suffrage in New Zealand? http://www.shellockconsulting.co.nz/blog/804785 038, 19 Sep 2018 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/804785 womens rights women vote 1893 nz voting for women meri te tai mangakahia Remember Me http://www.shellockconsulting.co.nz/blog/795547 Facial recognition technology could be causing more problems than it solves, we need to be careful! 028, 10 Jul 2018 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/795547 The 2018 New Zealand Budget http://www.shellockconsulting.co.nz/blog/789334 “This Government is placing the wellbeing of people at the centre of all its work,” said Grant Robertson, Minister of Finance, as he presented the first Labour Government budget in Parliament on Thursday 17th May 2018. 020, 17 May 2018 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/789334 tax nz government nz budget Pre-Easter Tax Announcements http://www.shellockconsulting.co.nz/blog/783727 Bright-line changes, ring-fencing residential property losses 013, 29 Mar 2018 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/783727 Tax Working Group background paper released http://www.shellockconsulting.co.nz/blog/781552 The Tax Working Group Background paper has been released and it looks like there are changes ahead! 011, 15 Mar 2018 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/781552 Update of the Tax Working Group http://www.shellockconsulting.co.nz/blog/779892 On 2 March 2018 Sir Michael Cullen, Chair of the Tax Working Group, spoke at the International Fiscal Association’s conference being held in Queenstown. He announced that the Working Group would release a background paper on 14 March 2018, which would summarise the main characteristics of the existing tax system, and discuss challenges and possibilities facing New Zealand 010, 7 Mar 2018 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/779892 tax system sir michael cullen tax working group international fiscal association tax working group members Public v Private business http://www.shellockconsulting.co.nz/blog/776049 Public v Private business - blurring the lines 007, 14 Feb 2018 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/776049 Merry Christmas and Happy New Year http://www.shellockconsulting.co.nz/blog/769681 How you can really make a difference this festive season 051, 20 Dec 2017 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/769681 2017 Mini Budget Special, 14 December 2017 http://www.shellockconsulting.co.nz/blog/769280 “We must consult our means rather than our wishes.” ― George Washington. Finance Minister Grant Robertson has released the new Governments mini budget. 050, 15 Dec 2017 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/769280 mini budgetfinance ministerlabour coalition governmentbudget policy statementhalf year economic and fiscal update Observe, listen and learn - words to live by http://www.shellockconsulting.co.nz/blog/Chartered_Accountants_Australia_NZ_Annual_Tax_Conference_2017 Minister of Revenue, Stuart Nash: Opening address at the Chartered Accountants Australia New Zealand Annual Tax Conference 2017 047, 22 Nov 2017 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/Chartered_Accountants_Australia_NZ_Annual_Tax_Conference_2017 tax conference stuart nash minister of revenue winter energy payment paid parental leave tax working groups Changes are afoot my dear Watson! http://www.shellockconsulting.co.nz/blog/764515 What do I tell our painter Fransisco about what the new government will mean for hard working overseas tradesmen like him? 044, 2 Nov 2017 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/764515 Under Construction – being transformed http://www.shellockconsulting.co.nz/blog/758440 Like our offices, the NZ Government is about to be transformed - but into what? 039, 26 Sep 2017 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/758440 New Trust's Bill Introduced to Parliament http://www.shellockconsulting.co.nz/blog/trust_bill On 1st August 2017 the Minister of Justice, Amy Adams, introduced the new Trust Bill into Parliament. While it will now languish in the House 035, 31 Aug 2017 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/trust_bill trust bill law commission MAKING TAX SIMPLER - BETTER ADMINISTRATION OF INDIVIDUALS' INCOME TAX http://www.shellockconsulting.co.nz/blog/742660 A consultation document was released 19th June 2017 — Better administration of individuals’ income tax — by the New Zealand Government. 025, 20 Jun 2017 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/742660 2017 New Zealand Budget http://www.shellockconsulting.co.nz/blog/737249 The New Zealand Government released its 2017 budget on 25th May 2017. Newly minted Finance Minister Stephen Joyce presented the budget in Parliament. 021, 25 May 2017 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/737249 Immigration – a key election issue? http://www.shellockconsulting.co.nz/blog/733225 Immigration looks like it is going to be a key debate in New Zealand and its forthcoming elections 018, 1 May 2017 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/733225 Proposed International Tax anti-avoidance measures http://www.shellockconsulting.co.nz/blog/722462 Three consultation papers proposing new measures to strengthen New Zealand's rules for taxing large multinationals have been released by Finance Minister Steven Joyce and Revenue Minister Judith Collins 010, 6 Mar 2017 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/722462 taxing large multinationalssteven joycejudith collins Unique to you? http://www.shellockconsulting.co.nz/blog/714287 As a customer or client we all like to think that we are unique, and when we pay for services we expect both value for money (e.g. cheap) and that the service or goods will be fit for purpose. Sometimes those two expectations can be accommodated and sometimes they are competing. The issue is understanding when trying to save money can cost you more in the long run. 002, 14 Jan 2017 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/714287 Smile this Christmas http://www.shellockconsulting.co.nz/blog/710349 Thanks to you, we are helping those who need it most this Christmas. 050, 6 Dec 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/710349 Tax relief measures announced for those affected by recent earthquakes http://www.shellockconsulting.co.nz/blog/708352 The Government has announced special measures and cancelled certain penalties to help those affected by the Kaikoura earthquakes 048, 22 Nov 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/708352 Ask Your Taxi Driver http://www.shellockconsulting.co.nz/blog/701228 Thinking about the housing boom in Auckland and Queenstown makes you think about other events over the last X number of years. Stockmarket, goats, deer, kiwifruit, stockmarket, timeshares, property, startups, complex legal structures (just in case), dairy farming, stockmarket, property, trust structures (just in case), Queen Street farmers ... 042, 11 Oct 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/701228 housing boom land banking property living in the provinces auckland traffic Remote Services Provided in NZ from offshore - GST changes http://www.shellockconsulting.co.nz/blog/700172 We are into Spring, and that means icecream on the beach for some of us. But watch out for the middle of the year rule - the rule that brings in tax changes part way through the tax year. 041, 3 Oct 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/700172 New Spy Bill Introduced – Privacy v National Security http://www.shellockconsulting.co.nz/blog/691953 The world of espionage, secret intelligence, working undercover, spies, secret agents… sounds like the makings of the latest, greatest James Bond film. In reality … 035, 23 Aug 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/691953 Buisiness Transformation - Taxation software update http://www.shellockconsulting.co.nz/blog/691857 Inland Revenue is implementing “business transformation”, a programme intended to modernise New Zealand’s tax service, in theory … 035, 22 Aug 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/691857 inland revenue business transformation supplementary order paper "Simplify” - as in tax simplification http://www.shellockconsulting.co.nz/blog/690239 This week the Government introduced its new tax bill, including tax simplification rules. “Simplify” - to make simple or simpler, as: a. To reduce in complexity or extent. b. To reduce to fundamental parts. c. To make easier to understand. At just 134 pages, we are grateful for the Government’s commentary … 033, 10 Aug 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/690239 Attorney-General stands up in Christchurch http://www.shellockconsulting.co.nz/blog/688579 The Attorney-General Chris Findlayson made a presentation to the Christchurch members of ADLSI, and members of the judiciary this morning, Friday 29 July 2016. His key topic in essence was it is our role to protect our constitution and our rights under the law. 032, 1 Aug 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/688579 Government responses to Shewan report http://www.shellockconsulting.co.nz/blog/685424 029, 13 Jul 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/685424 Changes to foreign trusts registered in New Zealand - Shewan report recommends http://www.shellockconsulting.co.nz/blog/683515 New Zealand to change foreign trust disclosure rules? John Shewan report released today 027, 27 Jun 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/683515 Honk if you've heard this one before.... http://www.shellockconsulting.co.nz/blog/682567 A long, long time ago, a company with tax losses “charged” a related trust over $1m in “management fees”. Eleven years later… 026, 22 Jun 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/682567 2016 Budget announcements http://www.shellockconsulting.co.nz/blog/679450 Remember in your youth, the annual Government Budget was a big event. Gone are the days of stocking up on booze, cigarettes and filling up the car, and everyone watching the TV address as each new round of tax increases were announced. 022, 26 May 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/679450 Omnibus Tax Bill introduced http://www.shellockconsulting.co.nz/blog/677162 A few highlights of this wide-ranging and very diversified bill 020, 13 May 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/677162 Happy Birthday to us! http://www.shellockconsulting.co.nz/blog/675517 One year on... 019, 2 May 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/675517 Checkmate or Stalemate? http://www.shellockconsulting.co.nz/blog/675550 When Trustees fail to plan (and execute), they plan to fail. Recently you may have heard about the Clayton v Clayton decision in New Zealand's Supreme Court. Actually there were two cases published simultaneously in March 2016, and lots of lawyers are (rightfully) spending a lot of time pouring over the implications of these. 019, 2 May 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/675550 You say Land Tax, I say think smarter http://www.shellockconsulting.co.nz/blog/675225 No sooner than we have recovered for being the alleged Trust Tax Haven of the South Pacific for the WWW (World Wide Wealthy), we have another issue to concern ourselves with. 018, 29 Apr 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/675225 New Zealand Business Number Act passed http://www.shellockconsulting.co.nz/blog/674669 For companies, the Act comes into effect 16th May 2016. For unincorporated entities, the effective dates have yet to be appointed by the Governor General by Order in Council, but no later than 12 December 2016. And what is a bit scary, is that the new NZBN register is already live. Check it out at www.nzbn@govt.nz 018, 26 Apr 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/674669 Pre-Budget Tax Announcements http://www.shellockconsulting.co.nz/blog/672895 The Government are getting in early, making announcements on significant tax changes six weeks before the budget. 016, 15 Apr 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/672895 Employee or Independent Contractor? http://www.shellockconsulting.co.nz/blog/672879 Are you an employee or an independent contractor? Take this test and you might be surprised at the results. 016, 11 Apr 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/672879 When ACC is not enough http://www.shellockconsulting.co.nz/blog/675783 The accident compensation scheme came into operation on 1 April 1974. It has had many reviews and redesigns, but fundamentally it has provided accident insurance cover for New Zealand residents and visitors since then. 015, 6 Apr 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/675783 Trusts – the new frontier, or is that no frontier? http://www.shellockconsulting.co.nz/blog/672880 What makes our trust laws different from other countries, and are we really a tax haven for the WWW (world wide wealthy)?! 015, 6 Apr 2016 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/672880 Housekeeping before the end of the month http://www.shellockconsulting.co.nz/blog/668912 Mid March is the perfect time to 'spring clean' your accounts and other financial matters ready for the end of the financial year. 012, 18 Mar 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/668912 Selling your business? http://www.shellockconsulting.co.nz/blog/662939 At some time or another every business person considers the question of selling their business. For some there is an unpleasant realisation is that a sale is probably not feasible because the business is them (i.e. a one (wo)man business). 008, 18 Feb 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/662939 Donee Organisations and Gifts http://www.shellockconsulting.co.nz/blog/662167 On 11th February this year the submissions to the Inland Revenue closed on their Exposure Draft PUB00190. We have submitted on 5 topics. 007, 12 Feb 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/662167 Why everyone should understand the term Universal Design for Learning http://www.shellockconsulting.co.nz/blog/658569 In New Zealand, 1 in 5 or around 20 percent of the population live with a disability. When we think of the term “disability” we tend to picture those in wheelchairs, with physical or maybe we think of those with intellectual disabilities. However, there is a large group of people we fail to think of, or we may not even think come under the banner of disability. 005, 29 Jan 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/658569 Investment is a tricky thing http://www.shellockconsulting.co.nz/blog/658565 Investment is a tricky thing...I knew that whatever money I spent was not going to repay me in cash, but it gave me the ability to do something different for a change. The same can perhaps be said of investing in people. Instead of doing the same thing over and over again, we need to look at different types of investment... 004, 18 Jan 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/658565 Guest Blog – A dedicated follower of Art http://www.shellockconsulting.co.nz/blog/658555 For those of us in Christchurch who love the visual arts, the years since the earthquakes have been somewhat lean – not completely empty but quite a number of the galleries I enjoyed visiting closed while repair or rebuilding was carried out. Many are still not open. 002, 4 Jan 2016 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/658555 Revamp of ACC levies - pity there isn't a revamp of CoverPlus Extra to make it fit for purpose and SME's http://www.shellockconsulting.co.nz/blog/650427 Great to see these changes. But what we also need to see is fundamental changes in the way levies are set for SME's and having them reconcile with the way income tax is charged. 049, 3 Dec 2015 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/650427 Call the Doctor: Darleks seen on Banks Peninsula http://www.shellockconsulting.co.nz/blog/650307 Despite the shaky camera work, I think we all recognise a Darlek when we see one. Border clearance levies. In October 2015 Nathan Guy and Nicky Wagner announced the rate for the new border clearance levy, the levy design and how it is to be paid. 049, 1 Dec 2015 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/650307 Intending to fly offshore? Watch out for Residential Land Withholding Tax http://www.shellockconsulting.co.nz/blog/647953 Yesterday the Government introduced to the House the "Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill", another one of those catchy titles. Assent yesterday. 047, 17 Nov 2015 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/647953 Taxation rules on Residential Property are Close to being a Reality http://www.shellockconsulting.co.nz/blog/645734 As written about before, the Government is now close to passing the last part of the legislation to bring residential property into the tax net, but without calling it a "capital gains tax". 045, 4 Nov 2015 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/645734 Home based directors? http://www.shellockconsulting.co.nz/blog/645445 From today, 28th October 2015, all New Zealand companies are required to have a New Zealand based director (or one based in Australia, who is also a director of an Australian incorporated company). 044, 28 Oct 2015 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/645445 Cholmondeley Children's Centre is back! http://www.shellockconsulting.co.nz/blog/645736 We went to the open day at Cholmondeley Children's Centre in Governors Bay this morning, after the official opening by Prime Minister John Key yesterday. 041, 10 Oct 2015 00:00:00 +1300 http://www.shellockconsulting.co.nz/blog/645736 Ravenscar House Museum – amazing gift to Christchurch http://www.shellockconsulting.co.nz/blog/645738 Last week it was announced in the Christchurch Press that the Ravenscar Trust, a charitable trust founded by Jim and Dr Susan Wakefield, would display its extensive New Zealand art collection in a purpose built museum to be built on Rolleston Avenue, Christchurch. 039, 25 Sep 2015 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/645738 GST – proposed changes http://www.shellockconsulting.co.nz/blog/645740 It’s a busy time of year for the New Zealand Inland Revenue. Last week they released yet another Issues Paper (this time GST – Current issues). At 46 pages it’s packing a punch. Too many issues to go into here, but our pick of the bunch are.... 039, 23 Sep 2015 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/645740 Land Transfer - Tax changes enacted http://www.shellockconsulting.co.nz/blog/645741 Today the New Zealand Inland Revenue have confirmed that the new Bright-line tests for residential property (now called the Land Transfer Tax Legislation) received Royal Assent yesterday, 22 September 2015. 039, 23 Sep 2015 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/645741 Tainted Capital Gains and Closely held Companies http://www.shellockconsulting.co.nz/blog/645743 We welcome today the issue of (yet another) Issues Paper from the New Zealand Inland Revenue. This is a mixed bag of possible sweeties, and we are just now delving into the bag to see what flavours we like. 037, 8 Sep 2015 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/645743 Safety, Cost and Fairness in Earthquake Strengthening Changes http://www.shellockconsulting.co.nz/blog/645745 We applaud the Government decision to shorten up the time property owners are required to assess and strengthen Earthquake risk buildings and unsupported facades. 036, 3 Sep 2015 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/645745 The spotlight’s on the building industry - Inland Revenue’s new factsheet http://www.shellockconsulting.co.nz/blog/645751 Recent times have seen business booming for those at the hammer end of construction and building in Canterbury, in large part due to the earthquakes that hit the region. Christchurch’s boundaries are expanding, and particularly western suburbs are seeing extensive development. 035, 25 Aug 2015 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/645751 GST and imported Services – tax changes proposed http://www.shellockconsulting.co.nz/blog/645749 Yesterday, 18th August 2015 the New Zealand Government announced proposed changes to the GST tax system to collect GST on imported services and digital content (such things as software licenses, music, movies, and streaming). 034, 19 Aug 2015 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/645749 Family First Charity wins right of review against the Charities Board http://www.shellockconsulting.co.nz/blog/645750 On 30 June 2015 Collins J released his decision in the long awaited Charities case of Re Family First New Zealand HC Wellington [2015] NZHC 1493. 031, 30 Jul 2015 00:00:00 +1200 http://www.shellockconsulting.co.nz/blog/645750