Rental Properties, Bright-line Tests & Interest Deductions For decades, owning a rental property has been the backbone of many a kiwi family’s retirement plan. In some cases, leveraging the equity in their own homes, landlords have bought properties with no…

Should I have a Family Trust? The words “Family Trust” can evoke all sorts of images; especially for those not familiar with them, but they are a valuable tool for many New Zealanders when it comes to asset protection, tax…

Do I really need an accountant? In New Zealand we have a number 8 fencing wire mentality. Why pay someone to do something that you can do yourself…? Often this thinking goes together with truisms such as “She’ll be right,…

If you are a New Zealand business seeking overseas investment, there are new requirements you’ll need to follow. Find out about the changes and what you need to do. When: From16 June 2020 What: Changes have been made to rules…

Paid parental leave is extending from 22 to 26 weeks from 1 July 2020. Here’s what you need to know. When: 1 July 2020 What: Paid parental leave will increase from 22 to 26 weeks. You are already required to…

The Government is moving to ease financial stress for around 149,000 taxpayers by changing the rules around write-offs for tax debt. “Fewer people will have tax bills to pay this year,” said Revenue Minister Stuart Nash. “Inland Revenue’s end of…

New measures that protect consumers who borrow from high-cost lenders and mobile traders came into effect on 1 June 2020. The measures are aimed at preventing predatory lending practices that trap vulnerable consumers in debt and include: capping the interest…

• Extra 40,000 businesses to be eligible for wage subsidy extension • Small business cashflow support application period extended The Government is today announcing further support for businesses that continue to be affected by the global COVID-19 pandemic, as the broader economy…

Inland Revenue is urging small businesses, looking at applying for the Small Business Cashflow scheme, to do so quickly. Inland Revenue administers the Government’s Small Business Cashflow scheme, handling loan applications, payment and repayments. The scheme has just 22 days…

Inland Revenue is warning customers to be wary of scammers during the 2020 tax refund season. Between Mid-May and July, IR automatically processes and pays out tax refunds. It is also when scammers may try to scam you. This year IR…

New provisional tax option for small businesses Small businesses that have turnover of less than $5 million a year can work out their provisional tax using the accounting income method (AIM). AIM uses new functionality included in approved accounting software…

Wednesday, 27 September 2017, 11:04 am Press Release: New Zealand Property Institute Changes coming to property market: Property Institute Property Institute of New Zealand Chief Executive Ashley Church says the impact of the election on the New Zealand property market…

Challenges facing businesses lately have been nothing short of dramatic Accountants may appear to be on the endangered species list in this era of rapidly-increasing automation, but Adam Davy, head of advisory for BDO New Zealand, says accountants just need…