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Death by flexi mortgage

July 18th, 2014 | Posted by Wendy Simpson-Fox in Accountant in Auckland | Chartered Accountants Auckland | Xero Accountant / Zero Accountants - (Comments Off on Death by flexi mortgage)

13544486_s (2)Flexi loans – they’re a dangerous thing. Banks can’t wait to give them to you all wrapped up in glossy paperwork and touted as the best thing ever. And yes, they are the best thing; the best thing for the bank, not you … unless you’re one of the chosen few with inordinate amounts of willpower and discipline (a financially savvy superstar).

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Do I have to file tax returns if I live overseas?

April 30th, 2014 | Posted by Accountants Auckland in Accountant in Auckland | Chartered Accountant Auckland | Chartered Accountants Auckland | Taxation - (Comments Off on Do I have to file tax returns if I live overseas?)

17319360_s jetWhen you’re heading off to live overseas the last thing you want to think about is your New Zealand tax return.  That’s all fine and dandy so long as you never plan on returning to the land of rugby, pies and beer.

  1. At the very least, you’ll generally need to file non-resident tax returns in New Zealand while you’re overseas. They might not include very much (perhaps a little bit of interest from your NZ bank accounts) but you still need to file a return to keep things sweet with the Inland Revenue Department.
  2. At worst, you’ll continue filing normal tax returns which include every bit of your income from absolutely everywhere – it’s called your worldwide income.

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