Welcome to Munro Benge – Wellington, New Zealand
Experience & Skill, Accessibility & Commitment
Munro Benge will deliver to you a careful mix of advice and service that enables you to get the most out of your personal and business life.
We are an independent firm of Wellington chartered accountants and business advisors.
Because the skills and expertise you need are unique to you and your circumstances, Munro Benge people have as their first priority understanding both what you need and what you want.
We also know that after this it all comes down to trust.
Salary Packaging - reducing income from employment by replacing part of salary or wages with vouchers
New Zealand tax law requires every resident to return and pay tax on their worldwide income.
Do you have an asset used for both private and business purposes?
From 1 April 2013 there are changes proposed to the way that mixed use assets are to be taxed. These are assets that are used for both business (income generating) and private purposes, such as a holiday home or some other types of assets. Assets unused for more than 62 days in any financial year will fall into the new rules.
NZ Registered Companies – Changes
The Companies and Limited Partnerships Bill was introduced to Parliament in October 2011 and has recently been amended. The key things you need to know once the Bill is passed are:
New Zealand tax residents are taxed on all "Worldwide Income"
It may be important to determine your tax residency status. This is an area Inland Revenue are looking to change for which will result in taxing more New Zealanders working overseas who have a home in New Zealand. If you are a transitional resident, then your foreign retirement savings will not be taxable until you stop being a transitional resident.
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