Entries by Giles

Small Business Cashflow Scheme Loan

May 5, 2022 in /by

The small business cashflow scheme was introduced in May 2020 to assist small to medium businesses who have been impacted by the Covid-19 pandemic.
On 21 March 2022, the loan amount has been increased to $20,000 from $10,000 plus $1,800 per full-time equivalent employee (up to 50 employees).

Deductible Expenses for Residential Investment Properties

May 19, 2021 in /by

Since our last blog on ‘Tax Changes for Residential Rental Properties’ in April we are getting a lot of clients wanting to know what can be claimed as an expense against the investment rental properties. Read on to find out what can and can not be claimed against investment rental properties.

Moatrek Case Study

March 16, 2021 in /by

Following is an interview with Miles, CEO of Moatrek Tours. Moatrek is a GECA client using their Virtual Accounting Team to replace their internal accountant. Read on to find out how this service allowed Moatrek to grow their business.

Airbnb Properties – Tax Impact for Change in Use

July 15, 2020 in , /by

Properties rented out for short-term accommodation and as well as being used by property owners come under the Mixed-use asset rules. The mixed-use asset rules limit deductions in relation to the property and any excess deductions are quarantined and offset against future year’s rental income.

Tax Updates

July 15, 2020 in , /by

by Sheral Reddy, Associate Director at GECA Chartered Accountants. If you need help with tax advice including end of financial year preparation, then Sheral and the GECA team can help.

Covid-19 Tax Update

April 21, 2020 in , /by

The government response to Covid-19 and the shutdown of the economy has seen a raft of tax changes proposed. These are still in draft form and we will be in a better position to advise clients once the legislation is passed. However, we suggest the following in regard to upcoming tax payments. As always, early engagement saves […]

COVID-19 and Commercial Rent Payments

March 31, 2020 in , , /by

Many of our clients lease commercial premises and rent is typically payable monthly in advance on the first day of the month (tomorrow).  Clients have been asking us what relief is available (if any) in relation to their monthly lease payments. After the Christchurch earthquakes the standard Auckland District Law Society (ADLS) commercial lease agreement […]