Property Accountants

•Exorbitant development contributions proposed•Disconnect between Council and developers in Auckland•Red zones emerging for sewer and fresh water making sites non-developable•Abuse of monopolies by local government and utility providers•Concern this will spread across New Zealand to other councilsI have noticed many of our property developer clients complaining of what they called "abusive costs" proposed by Auckland Council, Watercare/Veolia and Vector, ... Continue reading 

If you've ever wondered whether gold and precious metals belong in your investment portfolio, you're not alone. Many Kiwi investors are curious about these "alternative" assets but aren't sure where to start. In this article I look at the sorts of things you need to think about. Why Consider Precious Metals?Precious metals such as gold and silver can be like ... Continue reading 

Almost a year to the day since the Government announced rules to eliminate tax deductions on interest for property investors, the legislation has all but reached its final destination. In the last two weeks the Select Committee report on the first draft of the legislation has been released and amendments have been made to the first draft reflecting these ... Continue reading 

With all the changes in tax law in recent years, there has been plenty of speculation about what a change in government might mean for the tax landscape. Whilst the National Party has not released their final tax policy ahead of next year’s election, on their website there are some clear indications of what they would do should they be ... Continue reading 

The shareholder’s current account (i.e. the net balance of funds introduced and withdrawn by the shareholder) is one of the most common things that our clients ask us about.  The most frequent questions that we receive are: How did this occur? What does the movement between this year and last year represent? Why does the company owe me money? ... Continue reading 

In today’s business environment, real-time financial visibility is no longer a luxury - it’s essential. Yet many business owners still treat accounting as something to look at once a year, often relying on outdated spreadsheets or systems that weren’t designed for the demands of a modern organisation.If you want to grow sustainably, maintain control, and avoid unnecessary stress, adopting ... Continue reading 

A Guide to the Revenue Account Method (RAM)If you're a new migrant to New Zealand, a Kiwi returning home after a long time away, or someone who pays tax in two countries, you've likely encountered New Zealand's complex Foreign Investment Fund (FIF) rules. These rules are designed to tax New Zealand residents on their offshore equity / share investments ... Continue reading 

Recently New Zealand passed legislation which we are finding is affecting many clients, especially individuals, trusts and companies. For this reason, it's important you are aware of the new law and how it will affect you. Purpose and objective of new legislation  The law recently enacted is called the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, commonly ... Continue reading 

As little as a month ago, many economists were predicting that it would be mid to late 2022 before we see the Reserve Bank raise the Official Cash Rate (OCR). This situation has rapidly changed with the market now pricing in a 90% chance that the rate will increase at the next review date, which is 18 August 2021. ... Continue reading 

If you are in business, have debt, or need to work to earn an income, you probably already know it’s a good idea to have risk nsurance (health, life, trauma, income protection etc.). What you possibly don’t know, is that you are likely entitled to claim for more things than you realise. But unless your broker points this out, ... Continue reading