One of the confusing things I speak to clients about is the types of tax they have to pay that are related to their income: •Income tax•Residual tax •Provisional tax •Terminal tax It can be hard to get your head around what each type of tax is and when..
Read ArticleWe find that a lot of our clients get very confused about what drawings are. And with good reason – it’s a complicated area. Most tend to think that drawings taken by a shareholder from a company are the same thing as their wage or..
Read ArticleApart from a few special rules, any cost necessary to run your business will probably be tax deductible. However, there are a few things to be aware of - some items that you might assume could be claimed can't be, and conversely, there may be others..
Read ArticleFrom time to time clients contact us to ask what their employees are entitled to with regard to annual leave and sick leave. This is obviously an important thing to get right, for both employers and their staff. The Labour Party made a promise before the..
Read ArticleHopefully the “post-Covid” reference in the title is not tempting fate, but at the time of writing New Zealand appears to be in an enviable position in terms of control of the public health side of the Covid pandemic. However, battling through the economic fallout..
Read ArticleSince 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..
Read ArticleDepreciation is the reduction in value of an asset over time due to wear and tear. In New Zealand, the Inland Revenue Department (IRD) allows depreciation on certain items to be claimed as a type of expense for income tax, so it is beneficial to..
Read ArticleOver the years I have had wide-ranging conversations with clients about boarding services and how to qualify. The reason people wish to qualify as providing a boarding service is if the amount of income you receive falls below either the “weekly standard-cost” threshold or the..
Read ArticleThere are a number of issues that New Zealand tax residents must grapple with if they are to invest in Australian rental properties. It’s important to understand what these issues are because they can have a significant impact upon your profitability. Financial Arrangements - foreign..
Read ArticleI attended the GRA function last night - it was excellent, and goodness your knowledge is like an encyclopaedia! Phenomenal. We have already had an initial free consult with John Rowe, have attended one of Matthew's info evenings, and are already booked for Property School. I've read Tax Structures and am reading Property 101. We are very interested in moving to you for accounting also - our current accountant is lovely, and his fees are very low, but the more I'm learning, the more I'm realising this sweet man has oftentimes not steered us in the best directions, and definitely never asset structured us properly - and that is all in the plans to get sorted thx to getting to know GRA. - Tat & Trip - June 2016
Investing in residential property?
If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.
Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.