The New Zealand economy may be past the peak of growth for this cycle, but it is still growing.
That is what Shamubeel Eaqub (pictured left) told accountants who attended Tax Management NZ’s Hamilton roadshow at Waikato Stadium during his economic update.
He said the slowing of the Canterbury construction boom and potential for drought over the coming summer were key risks to look out for.
However, the Government and Reserve Bank still have room to move with interest rates and other measures to stimulate the New Zealand economy if it does slow.
Those in attendance were also given an insight into Inland Revenue’s compliance focus by IR’s Investigations and Advice Manager Tony Morris.
TMNZ Chief Executive Chris Cunniffe explained how tax pooling can be helpful to taxpayers in audit situations and used to match provisional tax payments to cashflow cycles.
Below are some of the snaps which were taken during the Hamilton roadshow.
We hope you had an enjoyable time and look forward to hosting similar events in Hamilton in the future.