Introduction: As a residential landlord, it’s essential to stay informed about the tax rules and regulations that apply to your property investments. One important aspect to understand is the treatment of denied interest deductions when you sell disallowed residential property (DRP) in New Zealand. In this blog post, we’ll break down the key points of […]
Introduction: Investing in rental properties can be a lucrative venture, providing a stable source of income and potential long-term wealth accumulation. When considering the purchase of a rental property, it’s important to carefully evaluate the most suitable ownership structure to optimize tax efficiency. This blog aims to provide guidance for individuals with incomes exceeding $70,000 […]
GST (Goods and Service Tax) is a tax charged on most goods and services in New Zealand and is collected by businesses on behalf of the IRD from its consumers. Businesses that are registered for GST are required to issue tax invoices and keep records of their sales and purchases. However, issuing invoices and recordkeeping […]
Year End Tax Tips 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. The end of financial year deadline: As the end of the financial year approaches, it always pays to spend a little […]
Following from our newsletter from April last year, just a reminder to our clients that the interest deductions are being phased out for properties acquired before 27 March 2021 as follows:
As the Covid-19 pandemic continues, a lot of businesses are experiencing shortage of staff and impact on their businesses with employees having to isolate or not being able to work from home. There are two different COVID-19 payments available for employers and self-employed people as follows:
In any business with more than one employee, it’s inevitable that conflicts will arise. Family businesses are no different. Here’s 5 tips for solving them.
When you inherit a family business, you step into a new role. And, as in any new role, establishing your way of doing things can be challenging.
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).
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.
