New Rental Property Rules: To recap – Deductions for expenses incurred on residential rental properties are limited to the extent of the income from that property.  Excess deductions will be able to be offset against other sources of income, and these “quarantined expenses” are carried forward and are able to be claimed against future profits from the […]

April Fools Day and the start of the new financial year – coincidence? Our questionnaires for the tax year ended 31 March 2021 are now available on our website in both pdf and Word format.  When you are ready, please access the forms you need from the website, to prepare and send in to us. Here […]

IRD have advised that from 1 October 2020, your tax payments will only be accepted at Westpac Bank if you have a barcode.  This is to ensure that the payment goes to the right place.  This applies if you are making a payment at the branch or using one of their Smart ATM’s. The barcode […]

We are pleased to report that our lockdown plans were a success and we have been very busy!  It’s time to get back to our office now and we will be there from Monday 18th May. Our first priority is to make sure that our staff and visitors are safe. Some of our staff will continue […]

Small Business Cashflow Scheme (SBCS)  Applications open today 12 May. If your business was eligible for the Wages Subsidy, then it is also eligible for this loan. We are not permitted to apply for this on your behalf, but you must apply through MyIR. We have set out some details below, and include the link […]

Good morning, We have now reached the end of the 19/20 financial year!  In these rather surreal times, we hope that you are keeping safe. The team are managing well – we are almost fully operational and ironing out the glitches and look forward to working with you in this new financial year. Link to […]

Good morning, It’s March already – the last month of the financial year! This month’s newsletter holds some practical information about COVID-19, the new coronavirus, as it starts to impact life in NZ. We have also included some end of year tips and thoughts.  If you haven’t completed your affairs for the 2019 year, or […]

Christmas Closure: Our office will be closed from 1pm on Friday 20th December and will re-open on Monday 6th January 2020. We wish you a Merry Christmas and a happy New Year! Tax Letters: We will be sending out Tax letters shortly.  These are for clients who have provisional tax payments due on 15th January […]

A comprehensive list of pre-end of year actions to consider

Coronavirus status in New Zealand