Welcome to the October 2025 Update
Hello to all our Clients,
Welcome to the October update, we trust you will find it informative and useful.
Please get back to us if you have any further queries or require any more information
In this month’s update
This month we have some information from the KTS office, including:
- delay in finalising accounts
- providing your documents to us
- tax due dates
- other interesting information of changes coming that may impact you
Information from the KTS office
Delay with finalising financial accounts
We are currently experiencing a delay in finalising financial accounts this year due to a significant influx of work earlier in the year.
Our team is working diligently to complete all accounts as efficiently as possible, and we have implemented new processes to help improve turn around times moving forward.
We sincerely appreciate your patience and understanding during this exceptionally busy period.
Providing your documents to us
If you haven’t yet provided all the necessary documents for your financial statements, please do so as soon as possible.
This will ensure you are placed in the queue and that we have sufficient time to complete and lodge your tax return before the end of the financial year.
Please note that delays in submitting your documents may result in your return not being filed on time, which cam incur penalties by the IRD.
You can submit your documents to us either by email, electronically or in printed form.
Other updates of interest to clients
Tax due dates
Tax Due on the 28th October 2025
GST is due on the 28th October for the period ended 30th September 2025.
Businesses get new asset boost
The government is rolling out something called Investment Boost to encourage businesses to invest in new assets
It kicked off on the 22nd May 2025.
From 22 May 2025, businesses can claim 20% of the cost of new assets as an expense, then claim depreciation as usual on the remaining 80%.
A safety net for your money
If your bank or credit union suddenly goes out of business.
What happens to your money?
Heard of the Depositor Compensation Scheme (DCS) ?
It’s a government safety net designed to protect your savings. It became effective from 1 July 2025, and is administered by the Reserve Bank.
If a deposit taker such as a bank, building society, credit union, or finance company fails, the DCS ensures you’re covered up to $100,000 per deposit taker, as long as your money is in a DCS-protected account.
Stay afloat on choppy waters
he economy is slowly picking up, but let’s be honest, it’s still tough out there for a lot of small businesses.
If you’re feeling the pinch, you’re not alone.
The good news? Staying afloat (and even growing) is possible with a few smart moves.
Thinking of starting a new business?
Here is a 10-step guide which walks you through everything:
- from testing your idea to choosing a business structure,
- helping you lay strong foundations and avoid common pitfalls.
If you’re starting a business in New Zealand or working for yourself, here are things you can do up-front to safeguard your investment in the future.
