useful articles for individuals
The Government announced a new Business Growth Fund in the Budget – it’s going to spend $100 million on Kiwi SMEs. How will it work and what do we know about the Fund so far?
How will Budget 2022 impact Kiwi households, small businesses and first home buyers? We take a quick look at the highlights and what funding you might be eligible for.
#budget2022 #NZbudget
With over 100 tax changes coming into effect in April, there’s sure to be something that will have an impact on you or your business. Take a look at our summary of the 13 most influential areas of change.
Household living costs are skyrocketing and seem set to keep rising throughout the year. Here are our 12 top tips for coping with the rapidly increasing cost of living – ways to earn more, spend less, and invest in your future.
It’s end of financial year – time to start thinking about your annual accounts. What do you need to pull together so we can get it right and help your business succeed?
Ticking items off your end-of-year tax checklist this month? Make sure you don’t forget income received from COVID-19 business support. And consider whether further tax relief measures could be appropriate. Rules to keep cash flowing – If money is a bit tight as the financial year draws to a close, here are four tax measures focused …
The government has made changes to the SBCS. Businesses that have used the scheme will be able to apply for an additional $10,000, with a new repayment period of five years.
Talk to us about this interest-free or low-interest loan option.
Do you know your P&L from your balance sheet? If not, we’ll get your startup up to speed on all the basics of company accounting.
#businessadvice #startup
Buying a home, rental or holiday house? It might be time to think about a new build. The Government recently announced that any new build which received its code compliance certificate after March 27, 2020 will be exempt from its new tax rules which limit deductibility on interest payments against rental income. That means you …
The Government has now released the draft legislation on Interest tax deductibility for rentals – The changes take effect from 1 October. What will this mean for you?
Talk to us, we are here to help
There is financial support for businesses at level 4 – find out what you’re eligible for and how to apply. We are here to help you and your business. Get in touch.
As you may be aware at the start of this year Inland Revenue is looking closely at real estate salesperson/agent-customer groups. They have identified that these groups are claiming a high level of expenses relative to their income. IRD’s records suggest some of these customers are claiming private expenses and are not keeping logbooks or …
Read more “Inland Revenue targets real estate agents 2021 – What to watch out for?”
While we are relieved that this lock down did not last beyond the three days in Auckland, as advisors to New Zealand small business across the country, we feel even greater concern for many of us effected this month. In response to criticism in past lockdowns that business was not being provided with enough support …
The Government has announced new relief measures to boost confidence and help small and medium-sized businesses get through the COVID-19 crisis. The package includes: a tax loss carry-back scheme changes to the tax loss continuity rules greater flexibility for taxpayers in respect of statutory tax deadlines measures to support commercial tenants and landlords, and further …
Read more “COVID-19 Business Support fact sheet – MUST READ”
Inland Revenue has issued an important message for businesses regarding recent legislative change on the remission of use of money interest (UOMI). The message is intended to provide clarity on the remission of UOMI and other measures available to taxpayers who are struggling to pay their tax in full and on time as a result …
Read more “Important message for businesses regarding overdue tax payments, 09 April 2020”
The Government is proposing amendments to the Companies Act 1993 as another lifeline in the wake of the COVID-19 outbreak. The proposals are intended to keep affected companies afloat by: • Encouraging directors to keep trading through creating a “safe harbour” from insolvency breaches if directors consider, in good faith, that any debts could probably …
Read more “COVID-19: company law changes announced, 06 April 2020”
Tax relief and income assistance are available to people affected by the downturn in business due to the COVID-19. IRD has a range of ways to help depending on your circumstances. As your tax agent, talk to us and see how we able to help. Below is a quick summary on the list of tax …
COVID-19 has forced the big questions. How do we slow transmission, protect the vulnerable and how do we recover? Stories that have inspired range from Italians singing from lockdown to lift morale to business innovations to safeguard customers. Proactive businesses are sending out reassurance on client and staff health and business continuity. Talk to us …
