Property Accountants

The property market is constantly moving, so it can be hard to keep up with what’s happening and which property investment strategies to use. To that end, on 10 June I held a Property Market Update webinar with Tony Alexander, which you can watch below. During this webinar we discussed: Factors influencing the market, including interest rates and immigration ... 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 

With the trust tax rate expected to increase from 33% to 39% on 1 April 2024, now is the time to consider declaring dividends for any companies owned by trusts. Declaring a dividend before 31 March 2024 means there will only be 5% “top-up” tax payable (i.e. the difference between the company tax rate of 28% and the current trust ... Continue reading 

In November 2023 I wrote a blog about the new GST rules being applied for Airbnb properties listed through online marketplaces. You can find this here.There has since been an update to this that will make life marginally simpler for those owners who are not GST registered. In my blog I described the “flat-rate credit”, which is the 8.5% ... Continue reading 

For many of our clients, the most confusing and most-often discussed type of tax is provisional tax. (For background on the different types of tax that we have to deal with on a regular basis, have a look at our March 2022 blog.)What is provisional tax?Provisional tax is the prepayment of income tax in instalments during the year. It can ... 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 Yet many business owners still treat accounting as something to look at once a year, often relying on outdated spreadsheets or systems that weren’t designed for the demands of a modern organisation.If you want to grow sustainably, maintain control, and avoid unnecessary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 

Filing tax returns for trusts is becoming more complicated, and trustees need to be aware of this. From the 2022 financial year onwards (i.e. year ending 31 March 2022), additional information must be included in a trust’s tax returns.  None of this is particularly difficult, but gathering the information the IRD requires is going to be more time consuming than ... 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