Property Accountants

This week the Reserve Bank of New Zealand (RBNZ) announced their proposal to introduce debt-to-income (DTI) restrictions (also known as debt serviceability restrictions or DSRs) on home lending. Being in practice as chartered accounts specialising in property, GRA are in a good position to read sentiment around the proposed rules based on feedback and observation from clients. At first glance, ... Continue reading 

Background   Over 80% of start-up businesses fail in the first five years. One of the tasks accountants in public practice deal with is assisting clients when this occurs. Liquidation is the insolvency process related to companies and formally deals with those going through this stressful process. Liquidators are appointed and take control of the company and, if appropriate, ... 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 

The tax rules relating to cryptocurrency have been long been an area of confusion due to the fact that the nature of cryptocurrencies means they don’t fit neatly into any current tax laws. Now, however, IRD have confirmed their view on a variety of issues in relation to this. The IRD use the term “cryptoassets” which covers more than just ... Continue reading 

The end of the financial year is approaching very fast and there are a number of things that business owners should attend to before then.  No, I am not referring to going to end of season sales or getting the last bits of your body tanned. I am referring to matters that you may not particularly relish dealing with, ... 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 Yet many business owners still treat accounting as something to look at once a year, often relying on outdated spreadsheets or systems that weren’t designed for the demands of a modern organisation.If you want to grow sustainably, maintain control, and avoid unnecessary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 

Recently I’ve seen several interesting client problems which would undoubtedly have resulted in lots of money being lost and lots of legal fees being incurred if these clients hadn’t had GRA’s Professional Trustee on board. Having now experienced three property cycles in my adult lifetime, I know these sorts of issues (and others) commonly arise when an economy and a ... Continue reading 

For a while it appeared that the introduction of the 60% LVR rule for investors would make the property market easier for first home buyers. However, as per this article in the Herald and these statistics from the Reserve Bank, first home buyers are finding it difficult as well.The 60% LVR rules have certainly made it much harder for ... Continue reading 

Choosing the right real estate agent can make a big difference to your selling experience, and to your bottom line. A knowledgeable real estate agent can make you a lot of money. On the other hand, if you don't have a good agent, you can unnecessarily lose a lot of money. I am frustrated to have heard stories about ... Continue reading