Changes are afoot for domestic trusts, IRD will require any trust that derives income to disclose additional information for the 2021/2022 financial year onwards. But there are some exclusions… let’s have a look at what this means for your obligations.
At the end of a long hard week, the boss pulling out a chilly bin of cold beers is always going to boost team morale. Even with a strict ‘no shop talk’ policy, chewing the fat over a drink or snack provided by an employer does wonders for team building and is a long-honoured tradition for many New Zealand businesses. But what is claimable & what is not?