Our Blog

In each edition of Our Roar, we intend to showcase products and services of some of our clients, that we think others will be interested in learning about.  One such business is our client Loyal Pooch. This company has designed a stylish storage solution that is suitable for all homes. We've been privileged to help […]

Have a look at most businesspeople and you’ll find a trust or two in their structure.  Trusts in one form or another have been used for eons, primarily to hold and protect assets and pass on wealth to successive generations. Trusts can be likened to insurance policies, providing asset protection against creditors and relationship claims […]

Every year, hundreds of residential property investors claim expenses for the costs of fixing up and upkeeping their rental properties.  When expenses are incurred, investors fully expect to receive a tax deduction for the money they’ve spent but not all expenses are deductible. Whether an expense is claimable depends upon the nature and extent of […]

Most New Zealanders are aware if they acquire and dispose of land within a certain period of time, tax may be payable to Inland Revenue.  The tax, commonly referred to as ‘Brightline Tax’ was introduced via the Brightline rules by the National Government in October 2015 as an attempt to ensure property speculators paid their […]

If you’ve read the previous article in Our Roar Newsletter, you know the level of scrutiny IRD brought to bear on taxpayers has increased substantially.  Succinctly this means taxpayers need to remain current satisfying their tax obligations.  To help clients meet their tax liabilities Tax Pooling is at hand. Tax Pooling was established back in […]

Did you know $29 million was the sum allocated to IRD via the Budget?  This money is intended for IRD to spend on compliance activities.  Particularly it will be utilized to employ 200 additional permanent staff who will focus their efforts on undertaking compliance activity work.  Specifically, IRD intends to prioritize the collection of taxes, […]

It’s hardly news … in the past couple of years New Zealanders have been coping with some stormy economic weather care of high inflation.  Households have tightened their belts in a bid to cope with high interest rates.  Businesses have reported lower sales, putting capital projects on hold and limiting hiring. The tide is turning, […]

National campaigned on reducing the cost of living for Kiwis, which in part it intended to bring about by  adjusting income tax brackets.  The Government has made good on its promise and announced in its Budget released on 30 May 2024 the adjustments to tax brackets noted below.  These changes are to take effect on […]

With the end of the financial year finally here, it’s crucial to organise your financial records correctly before forwarding your information to us. The benefits to doing this early are numerous. First, your tax position will be established early in the financial year, providing you with the much-needed time to plan your business affairs. Secondly, on the basis […]

It’s no secret – Labour was not fan of those involved in property.  Extension of the Brightline period, loss of interest tax deductibility and changes to tenancy laws were favoured policies of the Red Team that negatively affected property investors and tenants alike.  That story is changing now we are led by a National Government. Indeed, […]

If you are in the construction sector, be aware - Inland Revenue is telling businesses and sole traders in this industry to do the right thing and get on top of their tax obligations, or there will be consequences. The Commissioner has said if people do the right thing, they will help them. If they […]

If you’ve just read the article about the construction sector being scrutinised, you’ll know being audited by the IRD is a real possibility.  Anyone can be selected for an audit by the Commissioner.  Audits are time consuming and expensive too.  A way to manage this risk and associated cost is through Audit Shield Insurance.  You […]