Inland Revenue proposes changing tax treatment of loans companies issue to shareholders
Companies involved in property would likely be most affected. The change would only apply to companies owned by…
IRD Covid loan defaults hit $447m as 20,000 small firms fall behind
In addition, tens of billions of dollars’ worth of extraordinary government grants and loans, including the cashflow lending…
School uniform firm Sportclub collapses owing $1.5m to IRD, BNZ, NZRL
Liquidators detailed total assets valued at $22,086 at the time of the first report, with $21,192 in vehicles…
Two Tairāwhiti-based businesses enter liquidation, allegedly owing hundreds of thousands in tax
The only creditor listed is IRD, which is claiming $158,324.58 as a preferential unsecured creditor and $333,920.54 as…
Wairoa restaurant Gemmells continues in new hands as former owner placed in liquidation
“I don’t want to give up on my team, my friends and my community. I want to be…
Plant-based food firm Grater Goods goes into liquidation with debts owed to ASB Bank and Inland Revenue
After seeking professional advice, Grater decided to put the company into voluntary liquidation. It had 11 shareholders at…
Auckland restaurant Sidart owes former owner almost $1m after going into liquidation
“To our amazing guests, thank you for your continued patronage, your smiles, and the many conversations that turned…
Inland Revenue cracks down on overdue tax bills: IRD makes phone calls to claim GST, employer tax
The IRD said it was focusing on overdue goods and services tax (GST) and employer tax. “Where GST…
$20m+ Auckland property failure: Creditors of six companies named
The other companies, owned by the same shareholders and directors, are also in liquidation, taking the full tally…
Black Pineapple’s cocktail catering subsidiary owes Inland Revenue over $680k, founder disputes overdrawn account claim
“After careful consultation with the IRD [Inland Revenue Department] and a thorough review of recovery options, we determined…
Serial fraudster, thief and boat burglar Bradley Croft clocks up $466k in offending
As for his spate of boat damages and thefts around Porirua and Lower Hutt between September and November…
Absolute Traffic Solutions liquidated over $1.1m Inland Revenue debt, 85 staff sacked
They appear in the accounts as preferential creditors but whether they will get their wages and salaries remains…