Navigating Tough Times: What Are You Doing to Improve Your Business Right Now?

Business is tough right now! The economy has taken a hit, sales are down, and uncertainty looms over many businesses. Some of our clients are even questioning their survival. The common refrain is: “Hopefully, things will improve in the future.”

Property Accountants: How to use the actual cost method

If you have rental income, regardless of whether you’re renting out land, a house, a caravan, a room, or a building, you can’t escape paying tax on your profits, but how much tax should you be paying?

Business Accountants: New Medical Practice Checklist: How to Start Your Business

Setting up a new medical practice involves numerous steps, and our comprehensive checklist will help ensure you don’t miss any critical details.

Business Accountants: Expert Dental Practice Accounting Services

Maximize your practice’s potential with specialized accounting services tailored for dentists.

Business Accountants: Continuity and Contingency Planning: A Comprehensive Guide

Continuity and contingency planning ensures your business is prepared for all types of disruptions, such as natural disasters, equipment failures, or supply chain issues, allowing you to quickly recover and continue operations.

Business Accountants: New Legal Decision on Deductibility of Building Remediation Costs

The leaky building crisis has long posed a question of whether the remediation of such buildings qualifies as deductible repairs or non-deductible capital works. Historically, precedent cases have been outdated, often involving railway and gas pipe system remediations.

Business Accountants: Property Investors Back in Business: New Bill Brings Significant Property Tax Changes

Property investors are poised for a resurgence with the release of a new bill promising substantial changes to property tax laws. This long-awaited legislation aims to fulfill pre-election promises to restore interest deductibility for residential lending, offering much-needed clarity and relief to property investors.

Business Accountants: Goal-Setting for the New Financial Year: Planning for Success

As we enter a new calendar year, it’s the perfect time to review the past year, reflect on successes and challenges, and set goals for the future. By planning ahead, you can stay on track to achieve your financial objectives and be prepared for any hurdles that come your way.

Business Accountants: Update on FATCA and CRS Compliance: Is Your NZ Trust Affected?

The Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reporting season is here again, with New Zealand Financial Institutions (NZFIs) required to submit their annual FATCA and CRS reporting information for the year ended 31 March 2024 to Inland Revenue by 30 June 2024.

Business Accountants: Understanding Changes in Residential Property Taxation

Recent years have seen significant adjustments to the tax landscape, particularly concerning residential property. The government has responded to calls from various quarters to address investor demand in this sector. Notably, recent changes have been initiated to reverse tax policies affecting residential property, aligning with promises made by both National and ACT during their election campaigns.