Latest news with #Simplicity
NZ Herald
3 days ago
- Business
- NZ Herald
NZ businesses owe $1.4b in unpaid GST and PAYE for 2025 tax year
Just over $66m of the debt was from businesses or individuals who were bankrupt or in liquidation. Businesses collect GST on their sales and then send it to Inland Revenue when they file their GST returns. Deloitte partner Allan Bullot had earlier warned that GST debt could be creating a wave of zombie companies. Construction had the largest share of unpaid PAYE and GST, with a total of almost $1b over the tax years from 2018 through 2025. Rental, hiring and real estate services was next with $533.5m. On a measure of debt per thousand enterprises, electricity, gas, water and waste companies had the largest unpaid amount in the most recent tax year. Robyn Walker, a tax partner at Deloitte, said Inland Revenue had been given a clear message to collect more of the money it was owed. The number of businesses being liquidated by Inland Revenue has jumped in recent years. Walker said the data could indicate that other creditors to those businesses were in a precarious position. If a business failed, Inland Revenue would be the first to be paid, which could reduce a business' ability to pay anyone else it owed. 'People could be choosing to pay other business suppliers first - but they maybe aren't paying anybody... there's potential for a lot of collateral damage if Inland Revenue is allowing tax debt to accumulate.' She said people who were not able to pay GST and PAYE should contact their accountant to make sure they still had a viable business. If a business had hired staff on the expectation it could pay them a certain amount before tax, and it turned out that they could not afford the PAYE component, there was probably a bigger issue at play, she said. 'The business may not be viable or may need help in a more substantive way.' Simplicity chief economist Shamubeel Eaqub said the data highlighted the distress many businesses were facing. 'Some businesses - not many - think it's okay not to meet their responsibilities. 'PAYE and GST are only collected on behalf of New Zealanders, it's not your revenue.... there's a risk to other creditors.' He said businesses with tax debt were quite often not viable and owners could be breaching their directors' duties. 'It can mean big problems, that's why the IRD has been so active... it's the right thing to do.' The data showed Inland Revenue had written off $110.3 million of unpaid PAYE and GST in 2018, $109.1m in 2019, $85.5m in 2020, $94.8m in 2021, in 2022, $99.3m in 2023, $56m in 2024 and $7.6m from the last tax year.
New York Post
6 days ago
- New York Post
3 escaped prisoners who killed elderly US couple in Grenada learn their fate
Three escaped prisoners from the eastern Caribbean island of Grenada who were accused of killing an elderly U.S. couple last year after hijacking their catamaran have been sentenced. Ron Mitchell, a sailor in his 30s who was accused of being the ringleader, received two life sentences late Wednesday in the killings of Ralph Hendry and Kathy Brandel. Atiba Stanislaus, a farmer in his late 20s, received 60 years for manslaughter and nearly 18 years for the rape of Brandel, among other sentences, for a variety of crimes, including kidnapping. Advertisement 4 Three escaped prisoners from the eastern Caribbean island of Grenada who were accused of killing an elderly U.S. couple last year after hijacking their catamaran have been sentenced. RSVG Police Force 4 Ralph Hendry and Kathy Brandel are pictured above. GoFundMe Trevon Robertson, an unemployed man in his early 20s, received 56 years for manslaughter and other sentences for different crimes, according to local media reports. The New Today, a local newspaper, reported that prosecutors said the men bound and gagged the couple before throwing them overboard, with Mitchell accused of steering the yacht over Hendry. Advertisement The two bodies were never found. Police at the time said the men had escaped in late February 2024 from the South Saint George Police Station. 4 The New Today, a local newspaper, reported that prosecutors said the men bound and gagged the couple before throwing them overboard.. AP Advertisement 4 Police at the time said the men had escaped in late February 2024 from the South Saint George Police Station. AP They hijacked the catamaran Simplicity on the following day and then headed to nearby St. Vincent, where they were arrested, according to authorities. The nonprofit Salty Dawg Sailing Association had said that Hendry and Brandel were 'veteran cruisers' and longtime members of the association, calling them 'warm-hearted and capable.' It said the couple was spending the winter cruising in the eastern Caribbean.
Hindustan Times
6 days ago
- Hindustan Times
Fox Nation's Riddle reveals Jimmy Hoffa's lake house: Inside the quiet hideaway tied to his final day
Jimmy Hoffa's name usually brings up mob ties, mystery, and one of America's most infamous disappearances. But on Lake Orion, 40 minutes north of Detroit, there is another side to the man. 'This was his escape. When he came home, he was just Dad,' said his son, James P. Hoffa, as per Fox News. Fox Nation's new documentary, Riddle, brings viewers inside Jimmy Hoffa's Lake house.(X/@dvesean) Inside Jimmy Hoffa's lake house According to Fox News, tucked away along the shoreline sits a modest wood-frame house where Hoffa was not the Teamsters boss or a national figure-he was just Dad. The lake house, built as a family getaway, was where Hoffa mowed the lawn on his orange Simplicity tractor and watched TV on a big wood-paneled console. He would fix things himself, haul brush, lay cement, and sit by the water with his wife, Josephine, and kids. On July 30, 1975, Hoffa left this house for what became his final known day, and he never came back. Though the Hoffa family sold the property in 1986, much of it still looks like 1975 froze in place. His furniture remains. The books on the shelf have not changed. Even the concrete steps up from the lake still bear 'JO' etched in by Josephine. And the stone seawall, built by Hoffa and his son, has not budged. 'We did it together. My hands were raw. His hands were raw. But we got it done,' James said. Updates on Jimmy Hoffa's lake house Now, the house is in the hands of Susan and John Hagen. They plan to restore it, not flip it. 'We knew it was Hoffa's. We were the only ones who didn't want to tear it down,' said John, as per Fox News. Also read: Who is Harriet Sperling? NHS nurse gets engaged to King Charles' nephew The couple launched a Facebook page, Hoffa House Renovations, to share updates. So far, they have restored the handmade totem pole and uncovered long-hidden patios. Hoffa's picnic tables are still standing. As per the media outlet, John, a 40-year-old carpenter, plans to fix the sunken foundation and rebuild the carriage house from scratch if needed. 'The outside will look like 1975. Inside will be 2025,' he said. FAQs Have they ever found Jimmy Hoffa? No, his body has never been recovered. Why did Jimmy Hoffa disappear? He vanished after a meeting with mob-linked associates, but no one has ever been charged. Who was with Jimmy Hoffa when he disappeared? He was last seen alone in a Detroit-area parking lot; no one was confirmed to be with him. Who took over after Jimmy Hoffa died? Frank Fitzsimmons remained president of the Teamsters until Hoffa's official removal, then Jackie Presser later took the role.
San Francisco Chronicle
01-08-2025
- San Francisco Chronicle
Judge in Grenada sentences 3 escaped prisoners found guilty in killing of US yachting couple
SAN JUAN, Puerto Rico (AP) — Three escaped prisoners from the eastern Caribbean island of Grenada who were accused of killing an elderly U.S. couple last year after hijacking their catamaran have been sentenced. Ron Mitchell, a sailor in his 30s who was accused of being the ringleader, received two life sentences late Wednesday in the killings of Ralph Hendry and Kathy Brandel. Atiba Stanislaus, a farmer in his late 20s, received 60 years for manslaughter and nearly 18 years for the rape of Brandel, among other sentences, for a variety of crimes including kidnapping. Trevon Robertson, an unemployed man in his early 20s, received 56 years for manslaughter and other sentences for different crimes, according to local media reports. The New Today, a local newspaper, reported that prosecutors said the men bound and gagged the couple before throwing them overboard, with Mitchell accused of steering the yacht over Hendry. The two bodies were never found. Police at the time said the men had escaped in late February 2024 from the South Saint George Police Station. They hijacked the catamaran Simplicity on the following day and then headed to nearby St. Vincent, where they were arrested, according to authorities. The nonprofit Salty Dawg Sailing Association had said that Hendry and Brandel were 'veteran cruisers' and longtime members of the association, calling them 'warm-hearted and capable.'
Winnipeg Free Press
01-08-2025
- Winnipeg Free Press
Judge in Grenada sentences 3 escaped prisoners found guilty in killing of US yachting couple
SAN JUAN, Puerto Rico (AP) — Three escaped prisoners from the eastern Caribbean island of Grenada who were accused of killing an elderly U.S. couple last year after hijacking their catamaran have been sentenced. Ron Mitchell, a sailor in his 30s who was accused of being the ringleader, received two life sentences late Wednesday in the killings of Ralph Hendry and Kathy Brandel. Atiba Stanislaus, a farmer in his late 20s, received 60 years for manslaughter and nearly 18 years for the rape of Brandel, among other sentences, for a variety of crimes including kidnapping. Trevon Robertson, an unemployed man in his early 20s, received 56 years for manslaughter and other sentences for different crimes, according to local media reports. The New Today, a local newspaper, reported that prosecutors said the men bound and gagged the couple before throwing them overboard, with Mitchell accused of steering the yacht over Hendry. The two bodies were never found. Police at the time said the men had escaped in late February 2024 from the South Saint George Police Station. They hijacked the catamaran Simplicity on the following day and then headed to nearby St. Vincent, where they were arrested, according to authorities. The nonprofit Salty Dawg Sailing Association had said that Hendry and Brandel were 'veteran cruisers' and longtime members of the association, calling them 'warm-hearted and capable.' It said the couple was spending the winter cruising in the eastern Caribbean.
