Property Accountants

Keeping abreast of market changes is an important part of making good business and property investment decisions. The rules and legislation around tax and finance change constantly, as does the property market as it moves through its various cycles of boom and bust. It can be challenging to know what is going on in all these areas, and even ... Continue reading 

As the end of the 2023 financial year fast approaches, you’ll want to get organised so your accountant can prepare your financial statements and tax returns as efficiently as possible. This will save you both time and money. Getting your information and documentation in order also means your accountant will be able to identify any tax advantages, so you ... Continue reading 

Over the last few years, landlords have faced a number of challenges that impact their ability to properly maintain their rental properties and meet their financial obligations. Like any other business owner, as a property investor it’s important that you adapt to market changes and keep a close eye on your outgoings versus your income.  In this blog, I ... Continue reading 

Imagine this: A few years ago, after careful saving and financial planning, you managed to buy an investment property. Your goal from the outset is to hold the property long term. You do some work to add value, and intend keeping it for many years to come to fund your retirement. To your surprise, one day you get a notification ... Continue reading 

Anyone who provides lodging or ride-sharing services through an online marketplace in New Zealand, such as Airbnb or Uber, will be affected by new Goods and Services Tax (GST) changes, which came into force on April 1, 2024. What is the new legislation?Prior to 1 April 2024, service providers were exempt from GST if their turnover was below the $60,000 ... Continue reading 

Solvency is a subject that can be challenging for our clients and can cause some distress when not understood correctly. This is not a very festive subject, but it's important to address it during these uncertain times we are currently going through.What is a solvent company versus an insolvent company?A solvent company is one that has the ability to ... Continue reading 

It’s that time of year when businesses look to reward their staff and clients by hosting Christmas parties, giving gifts, and paying bonuses.Some of these costs may be fully deductible, some may be 50% tax deductible, and others subject to Fringe Benefit Tax (FBT) or PAYE deductions. To help your business stay on the right side of the Christmas ... Continue reading 

As property tax and structuring specialists, one of the most common questions we encounter at GRA is whether to set up a look-through company (LTC) to hold investment property. The answer, more often than not, has shifted over the years to no. LTCs, once considered a go-to option for property investors, have seen their appeal diminish significantly in recent years. ... Continue reading 

If you’re enjoying a well-earned retirement, or looking out for the interests of your parents who are, there may come a time when rest home care is required, and you have to deal with funding the cost of that care. Will you be eligible for the Residential Care Subsidy?There is government support available in the form of the Residential Care ... Continue reading 

The Reserve Bank (RBNZ) surprised at their recent Official Cash Rate review on the 29th of November with their adoption of a relatively hawkish tone and the suggestion that we may not have seen the end to cash rate increases. They increased their own projection for the OCR for the seventh time over the last two years, although I suspect ... Continue reading 

When most people think of insurance, they think about the cost. I guess it's because you see the premium evaporating from your bank account every month. More critically, in these present times, it's tough – what I call the "everything crisis" (the cost of living, healthcare, education, housing – you name it, it's a crisis). It sounds scary, right? ... Continue reading