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we get it right."
We're experts in property investment and portfolio building, tax structures and efficiency, business accounting, asset protection and trusts.
We focus on wealth creation for our clients. With skilled teams dedicated to property, business, governance, compliance, and education, GRA provide the accounting expertise you need and the knowledge to help you make smart decisions.
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GRA's Taxation Compliance Division prepares financial statements and taxation returns for many types of organisations. Large companies and small to medium sized businesses.. Learn more..
If you’re thinking about setting up, or reviewing a family trust, then you've come to the right place. Among other benefits, trusts protect you from adverse events.. Learn more..
Everyone has to pay their share of taxes, and we have no qualms about that. But there are many things that you can deduct and do to reduce your taxation obligations. Learn more..
GRA Blogs: Latest Posts
Breaking News - Tax Rate Change
Yesterday (9 September 2020) Labour announced a new tax rate of 39% on personal income exceeding $180,000 per annum. Key points that we know so far:• Applies to individuals only, i.e. an individual on a salary of, say, $200,000 will pay an additional $1,200 per annum• It does not apply to combined household income, i.e. a couple each earning ... More
Government Business Loan Scheme
As part of the initiative to assist businesses suffering from the impact of Covid-19, the Government has created the Small Business Cashflow Loan Scheme (SBCS). Under this scheme, eligible businesses will be able to borrow up to $100,000, interest-free or at low interest rates, to help with their cashflow. Many small to medium businesses will have had a dramatic reduction ... More
Strategies for 2020
As we begin to emerge from lockdown into an environment that is markedly changed due to the effects of Covid-19, I’ve been thinking about what business owners and property investors can do to get through the challenging times that are no doubt ahead of us. Get your accounts done ASAPAt time of writing, the banks are not approving any business ... More
Cash Payments - IRD crackdown
Since 2009, the Inland Revenue Department has been cracking down on industries known to pay workers under the table (i.e. undeclared cash payments). According to an article in the NZ Herald in April 2018, New Zealand is missing out on about $800 million in its annual tax take due to under-reported income, so it's understandable that the IRD are focusing on this.Construction ... More
Loss Carry-Back Rules
Last week the Government introduced the Covid-19 Response (Taxation and Other Regulatory Urgent Measures) Bill. This bill contains a number of provisions, including the introduction of a loss carry-back scheme whereby a business can carry a loss back to a prior period to offset the prior period’s profits. Thus the business can get a refund of the tax paid ... More
Accountant vs Bookkeeper - big difference
There is a significant misinterpretation and misunderstanding between the role of a bookkeeper and that of an accountant. If you don’t know the difference it can negatively impact upon you (possibly seriously). But if you understand each role and utilise them appropriately, it can be very helpful for your business. Mistaking a bookkeeper for an accountant can lead to ... More
A step forward in trust law
Trusts hail from medieval times and one can be forgiven for thinking current trust law has been on our statute books since that time too. A combination of legislation, common law judgements and equity maxims result in the law being antiquated and complex. This frequently makes trust law difficult to comprehend and, in some cases, problematic to apply. To ... More
LVR Rules Relaxed
In big news for property investors, on 30 April 2020 the Reserve Bank (RBNZ) confirmed that they were removing the loan-to-value restrictions that had been in place in one form or another since October 2013. Back then, the RBNZ decided to introduce different tools rather than just using interest rates (through the official cash rate) to have some control over ... More
What makes a good investment property?
Last month I received some great questions in my 'Ask Mark' series on Property Ventures’ Facebook page (propertyventuresnz). One of them was a very important "back to basics" question: What factors do you take into account to consider a property to be good for investment? It is a great question, and even though I have already briefly answered it ... More