Tax stories - Page 4

In Google Australia has posted $1.02b in revenue. However, in their report, they note that it could have been $3b if not for creative accounting.

The currency is usually encrypted using Blockchain technology that regulates the generation of new units and verifies fund transfers.

The programme is expected to cost between $1.5 and $1.69 billion, with most of the costs coming from purchasing goods and services.

The IRD is cracking down on undeclared income and it’s very easy for them to see what services a company is offering online.

Bellingham Wallace director Mike Atkinson talks about the evolution of the accountant’s role, and why SMBs will still need them.

With New Zealand’s General Election little more than seven weeks away, small businesses are concerned how the outcome will impact their tax rates.

Acting Chair Greg Lewis believes that practitioners should consider professional indemnity (PI) insurance cover to deal with first-party losses.

Cutting-edge tech holds key to payroll fraud prevention, following a colossal Plutus scandal, says InPayTech's Don Sharp.

Apple is confident it will wipe the pie off its face after it was hit by a €13 billion (NZD $20 billion) in retroactive taxes by the European Union.

After successful trials, Xero is bringing direct electronic GST returns to its software that can be sent straight to the IRD, the company reports.

The IRD is seeking consultation and feedback on how software development expenditure should be classed for income tax purposes.

Mixing personal and business expenses is the most common mistake small business owners make that result in audits.

Increasing numbers of businesses and individual taxpayers turning to online service to pay tax means big savings, according to the Government.

Google faced a higher tax bill last year, but the $371,799 bill is unlikely to faze the company, which made $14.9 million in recorded revenue.

The Inland Revenue has partnered with US company Fast Enterprises to update New Zealand's tax and social policy administration system.

Inland Revenue is seeking feedback from business owners on whether to scrap provisional tax estimations in favour of real-time tax calculation.

The New Zealand government turned to a deficit in the first eight months of the financial year, although the shortfall was smaller than forecast as th.

DuluxGroup settles a long-standing tax dispute with New Zealand's IRD, taking a USD $15.2 million hit to cover provisions, including USD $8.9 million in cash.

Fisher & Paykel Appliances narrowed its full-year loss in 2014 after sales growth across all its markets helped drive a surge in revenue.

The government is floating the idea of businesses paying their tax on a pay-as-you-go (PAYE) basis, like individual taxpayers, in the biggest proposed.