Projecting your cashflow pipeline forwards during a crisis is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Plus, when you have …
The value of cashflow forecasting during a crisis Read More »
As your accountant, we want to work with you on an ongoing basis as your trusted adviser, rather than just focusing on last year’s numbers. So that you’re comfortable contacting us, we don’t charge for quick queries. Our Quick Queries service helps unlock opportunities for tax savings and prevents you making mistakes that may …
The season of giving is on us. While the fun part is thinking about parties and presents, take a moment to remind yourself about the tax rules. If your Christmas giving includes gifts to clients, remember that some gifts will be fully deductible while others will be only 50% deductible. The rule of thumb with …
With a new top tax rate of 39% now in place, other tax rules have also been tweaked to make sure they all align. Trusts now have new rules on disclosures, in an effort to prevent people from using trusts to avoid paying additional tax. Previously, trusts have not needed to file financial statements or …
Each year we offer our clients the opportunity to take up tax audit insurance with Audit Shield. We often end up answering the following questions: – What is audit insurance? The policy we offer to our clients covers the professional costs incurred when the Inland Revenue select them for a tax audit, …
Around one in five Kiwis is either invested in cryptocurrency or plans to invest, according to a survey by the Financial Services Council. With so many of us jumping into cryptoassets, it’s helpful to understand what our tax obligations are. Last year Inland Revenue updated its guidance on how these assets are taxed; the IR treats …
Just a note that the next round of Resurgence Scheme Payments will open on 8 October 2021 via the IRD website (www.ird.govt.nz). You are eligible for this payment if you can show a drop in revenue of 30% or more in a 7 day period from 1 October until immediately before all NZ returns to …
Buying a home, rental or holiday house? It might be time to think about a new build. The Government recently announced that any new build which received its code compliance certificate after March 27 2020 will be exempt from its new tax rules which limit deductibility on interest payments against rental income. That …
Here we are again locked down. With luck the Level 4 will only last till Friday 20th but it may be longer before you can all get back to work in a normal fashion. The Government has again opened the coffers to help you through this period. Below is a summary of the available financial …
Working for Families tax credits are available to families with dependent children aged 18 years or younger. These are refundable, meaning that if the credits exceed the person’s income tax liability they are able to be refunded to the taxpayer. The Working for Families tax credits are made up of the following: family tax credit …
