Property Accountants

With 1 July fast approaching, it is a good time to alert readers to some of the detail around the new bright-line and rollover relief rules which come into force from that date.Reduction of bright-line period to two yearsAs most readers will be aware, the bright-line period officially reduces to two years for all residential property from 1 July. ... Continue reading 

Recently, I have been asked by several property investors about what is happening in the market and what I am doing.  I still believe property investing is one of the safest forms of investment to create passive income and intergenerational wealth, and I am still actively investing.Here’s what I’ve been up to:Buying PropertiesI’ve been submitting around 5-10 offers every ... 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 

As part of the increase in the top individual tax rate to 39%, the government has brought in the requirement to provide Inland Revenue more information in your trust tax returns. This applies from the 2022 tax year onwards. They have done this to ensure that Inland Revenue will have plenty of information in order to decide whether or ... Continue reading 

We have noticed that more and more employers are incentivising their employees by offering shares and share options as part of their employment packages. Shares can also be offered to past and future employees. Offering shares provides an opportunity to motivate and retain key employees of the business by offering them “skin in the game”, and can thus be beneficial ... 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 Yet many business owners still treat accounting as something to look at once a year, often relying on outdated spreadsheets or systems that weren’t designed for the demands of a modern organisation.If you want to grow sustainably, maintain control, and avoid unnecessary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 

Going out on your own is exciting, but it also comes with some harsh tax realities. Unfortunately, these can be unexpected, especially when you're entering your first year of self-employment. One very helpful piece of tax policy for new small-business owners in New Zealand is the early payment discount. This is essentially a free tax write off / reduction for ... Continue reading 

A new bill is making its way through Parliament which is going to see changes made to the current Trustee Act. All those with an existing trust should be aware of the implications imposed and the opportunities this new bill will bring when it becomes law. Further details will be presented at our Trust Seminar on 11 October 2017. ... Continue reading 

Over the last few years it has become harder for property investors and developers to obtain the funding they need. In spite of low interest rates, some good opportunities in the property market and a high demand for new housing (especially in Auckland), it has become more and more difficult to get funding from the main banks. So is ... Continue reading 

There have been many changes to legislation affecting property investors over the past 4½ years. We have had:•  Healthy Homes Standards•  Loan-to-value ratio (LVR) changes•  Requirement for heat pumps•  Loss of claiming interest as an expense How have property investors reacted and what has happened? Before I go on, there is one thing I want to get off my chest first. ... Continue reading