News and Views

You may be aware that Inland Revenue installed a major upgrade to their computer systems over the Easter period.  This upgrade will result in quite a few changes in the way we relate to IR, and to the information they provide us. It will take a while to work through exactly what this means for …

Who is affected? Firstly, if you do not employ any staff, then this article does not apply to you. Payday filing is a new requirement from Inland Revenue for any employers who pay wages or salaries with PAYE deducted.  What is Payday filing? From 1st April 2019, Payday filing will be mandatory.  This means that …

Ringfenced rental losses On 5th December 2018, legislation was introducedinto parliament that will “ring fence” losses from residential rental. properties.This change is likely to have a significant effect for some of our clients, andwe wanted to give you a heads-up. For tax purposes, losses will no longer be able to be offset against other income …

When you buy or sell a property, you will need to make some decisions about GST. Firstly, on the front page of the sale and purchase agreement, there is a place to indicate whether the price is “plus GST (if any)” or “includes GST (if any)”. Later, before settlement, your lawyer will probably ask you …

From 1st April 2018, Inland Revenue will introduce the Accounting Income Method (AIM) for calculating provisional tax. Existing provisional tax system Provisional tax is a sort of “pay as you earn” system for people whose income is not taxed at source. Anybody whose net tax is greater than $2,500 for the year, must pay provisional …

There are various reasons for setting up a family trust. One of the most common is to put your principal assets away somewhere “safe”, so if things go bad in future, at least your home and other investments will not be lost. The idea is that you would own no major assets, as they would …

We hope that you have a blessed time over the holiday period, and that 2018 brings you prosperity and joy.  It has been a pleasure to serve you during 2017, and we look forward to working with you again in 2018. Note that our office will close at midday on 22nd December.  We don’t officially open …

We are so happy for our client’s Sumner Construction, who recently won gold at the 2017 Master Builder House of the Year award. Such a huge achievement! They won the renovation in the $500,000 – $1 mil category, and also the local category winner.  We all think their work looks great – take a look below, at …

Did you realise you can use social media to increase your customers’ satisfaction and their loyalty online as well as using it as a marketing tool? No matter what size your company is or how many resources are available, you can make use of these online tools to grow a loyal fan base. This is …

This article was written by our social media manager, and orgionally appeared on her blog. I go to a networking group every fortnight. This week, as a group of small business owners went around and turn by turn, said the things that they found most difficult in their business – people kept mentioning this: “I …