TAX111

Got a question you can’t answer?

Expert Tax Advice is now only a phone call, e-mail text, fax or video message away!

Product Code: TAX111
Price: $2,000 +GST (Annual subscription) or $191.20 +GST (monthly)

What is TAX111

Tax111 is a question and answer service designed for professionals (who are not tax experts) but who need to provide their clients with advice on questions they might not be able to answer.
Rather than turning business away or giving risky advice – you can call on Tax111 and receive the benefit of expert informed taxation commentary and advice when you need it most.
Your questions will be answered by BDO Spicers, an integrated professional organisation of accounting and consulting firms recognised for providing creative and innovative business solutions to clients in the areas of Assurance, Business Services, Consulting, Corporate Finance, Risk Management, Tax and Technology.
You can submit your questions however suits you best:

Call an 0800 number and speak directly to an expert
By e-mail
By text message
By fax
By video message

If an answer is provided by telephone, the answer can also be provided in an email if specifically requested.

You can contact Tax111 as many times as you need, but “heavy users” (subscribers who submit on average more than one question per week, monitored on a 3-monthly basis) may be charged additional fees.*

The Tax111 service is designed to provide straight-forward answers to operational questions you experience on a day-to-day basis. The service does not offer specialist tax advice in respect of planning or tax strategy issues.

If a question is too complex or outside the scope of the service BDO Spicers can refer you to one of their in-house specialists and provide a quote for the advice.

What can I ask – Questions in the scope of the service:

Question 1: My client has a lifestyle block. They carry out work of more than a minor nature and sell five acres of the land. Are they still taxed on the eventual sale of the remaining five acres and home?

Question 2: Are these two companies associated for dividend and land purposes?

Question 3: If my client trades in Australia, do they have to pay tax there on the business profits?

Question 4: My Client provides gym memberships to their staff. Is this subject to FBT and what are the rules?

Question 5: Is a UK pension taxable in New Zealand?

Question 6: What are the use of money interest rates and rules for the 31 March 2008 income year?

Question 7: Do the personal services attribution rules apply to my client's situation?

Question 8: My client is a charity and we want to form a company to undertake a commercial project. What are some of the tax issues we should be aware of?

Question 9: The landlord is going to my client $5,000 to terminate their lease. Is this taxable?

Question 10: Can a Trust have interest RWT deducted at 19.5% or does it have to be 33%?

Question 11: I convert the foreign income for my client using the mid-month exchange rates rather than the daily spot rates. Is this correct?

Question 12: My client is trading in Australia, do they need to register for GST?

Question 13: How does Foreign Investor Tax Credit system work?

Question 14: My Clients RIT for the year is over $35,000 because of an untaxed bonus they received during the year. Does use of money interest apply?

Question 15: Can you NOPA a NOPA?

Question 16: What is the process for disputing an assessment with Inland Revenue?

What can’t I ask – Questions outside the scope of the service:

Question 1: Does my client's property subdivision amount to being a taxable activity?

Question 2: My client is an incorporated society and wants to be granted Charitable Status. Are they a charity already?

Question 3: My clients are leaving New Zealand and want to know if they will be tax residents of an overseas country.

Question 4: My client is starting out in business and wants to know if they should use a Trust, Company or Partnership as a business structure.

Question 5: Does my client have to pay Australian capital gains tax on the sale of their Gold Coast property?

Question 6: Is this transaction tax avoidance?

How to Order and start using Tax111:

3 simple steps:

Contact our Customer Care Team and place your order – sending through your signed end user agreement)
Once accepted we’ll e-mail you the contact details and password for the service and send your start-up pack. (BDO Spicers will be CC’d in the e-mail), so you start using the service straight away.
Contact the service and start getting answers to your questions. Thomson Brookers will bill your account and send you an invoice.

Buy it!

Click here to subscribe to Tax111. *
Click here to see the end user agreement for Tax111

More Information:

If you would like to know more about Tax111, please contact your Thomson Brookers Account Manager or Thomson Brookers Customer Care team on 0800 10 60 60 or e-mail service@brookers.co.nz
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