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 

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 

In January, GRA’s Professional Trustee team wrote a blog on the new requirements trusts must meet when filing their tax returns. In this article, I go into a little more detail about the financial information that must be disclosed to the IRD.But first, why have these new rules been introduced at all? The main reason is because of the new ... Continue reading 

Over the last year we have noticed that a lot of clients are choosing cryptocurrency as an alternative for their investment strategies.  Anthony Strevens discussed the tax implications around cryptoassets in his November 2020 blog, so I won’t go into much detail here.  As a summary: the profit is taxable and the losses are deductible if you purchase cryptoassets ... 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 Yet many business owners still treat accounting as something to look at once a year, often relying on outdated spreadsheets or systems that weren’t designed for the demands of a modern organisation.If you want to grow sustainably, maintain control, and avoid unnecessary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 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 

Back in May I wrote that the Reserve Bank had removed the loan-to-value restrictions, which they stated would be for a 12-month period. At the time, this made sense with Government, Treasury and most economists' predictions being in line with double digit decreases in house prices due to the Covid pandemic.The expectation was that the removal of the restrictions ... Continue reading 

With the Government earthquake levy increasing by 60% on 1 October 2022, escalating rebuild values, and insurers adjusting their premiums, it’s a good time to check your house insurance.  Here’s the low-down and some tools to help you.  In recent years we have seen significant growth in the value of housing across New Zealand. Contributing to this are the ... Continue reading