Insights & News
What’s New for Property Owners: Airbnb to Boarders
If you own a property which is being rented out for short stays (up to four weeks) this article will highlight all your necessary tax commitments, as well as all the new property rules which might come into effect this financial year. Highlights: If your tax due at...
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Are You a Landlord? Keep-up with the Changes
With one third of Kiwi’s renting their homes (some even for a lifetime), it’s important to have clear and fair rules for tenancies. This article will highlight some of the recent changes that have been made to rental property rules. The government’s tenancy law...
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Accounting: A Digital Transformation
It’s 2020 and the accounting industry is experiencing a digital transformation, one which is changing the way we function. The shift from traditional accounting to implement technology has changed the way accountants’ function on a day-to-day basis in the industry....
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Tax Changes to Support Businesses: The Temporary Loss Carry-back Scheme
What is the scheme? Businesses that are expecting to make a loss in 2019/20 or the 2020/21 financial year will be able to estimate the loss and use it offset profits in the past year. The scheme introduces the concept of offset years, which are the pair of years...
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Govt. Announces Small Business Cash-flow Scheme
The government has announced a plan to provide interest free loans for a year to small businesses which have been impacted by the COVID-19 to help support their cash-flow needs and fixed costs as well. The scheme will provide an assistance of up to $100,000 to firms...
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Further Tax Changes to Help SMEs
There’s no doubt that the recent pandemic has had a huge impact on small and medium sized businesses in New Zealand. In addition to the tax changes that were previously announced, today the Government has introduced a few more tax measures that aim to help businesses...
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Economic Relief Packages Released by the New Zealand Government in Response to COVID-19
The New Zealand government has worked hard towards releasing certain economic packages to help businesses in and around New Zealand to sustain themselves and to help in balancing the economic distress and the financial strain the country is currently experiencing as a...
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What is the Wage Subsidy Scheme Developed by the Government and How Can You Apply for it?
What is the Wage Subsidy Scheme? Last week, finance minister Grant Robertson announced a wage subsidy scheme which will be available for all employers that have been significantly impacted by COVID-19. A few updates have been made to the scheme since it was announced...
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Working From Home: Here’s How to Make it ‘Work’
With the outbreak of COVID-19 internationally, and a lockdown ensuing March, 25th 2020, businesses around New Zealand, will have no option but to work from home. It’s key at this point in time to activate the social distancing measures laid out by the government to...
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