Property Accountants

I thought Paul Henry’s speech at the Act Party’s annual Change Makers event was funny, onpoint, and worth sharing. Enjoy.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 

As you are probably already aware, trusts now have more reporting requirements with the IRD. However, in some circumstances, trusts, especially family trusts, may have been made non-active with the IRD, which means there is no income to report (and no tax to pay). Although a trust may not generate any income, and therefore may not be required to file ... 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 

I recently held a webinar which explains how to integrate life insurance with your financial goals – something that should be of interest to property investors, businessowners, salaried people, and the self-employed. You may now be thinking: How can life insurance assist with financial goals? In this presentation I demonstrate how the two can work together in a way ... Continue reading