Purchasing a property for short-term lets is a big financial decision. You need to consider the price, location, maintenance requirements, and the list goes on. Often a secondary consideration, the ownership structure of your property is also vitally important. Whether […]
Read More… from Airbnb investment: purchasing property personally vs. through an entity
Northern New Zealand has seen an absolute deluge recently which has caused terrible damage to roads, houses and even caused deaths. While people begin the clean up, those who use their property to earn a rental income might be wondering, […]
Read More… from Are repairs to your flood-damaged property tax deductible?
There appears to be increased activity by Inland Revenue around Fringe Benefit Tax (FBT) compliance. They have updated the information on their website and recently sent “are you filing your FBT correctly?” emails to entities registered for FBT. This could […]
Read More… from Things to watch out for with FBT on motor vehicles
It’s understandable that for some people filing their end of financial year tax returns is right down the bottom of the to-do list. It’s one of those jobs that feels hard and often results in tax to pay so people […]
Read More… from End of financial year taxes: the financial benefits of getting it done
With the increase in 2021 of the personal tax rate to 39% for anything earned over $180,000, and with rampant inflation now pushing more people’s business incomes over that figure, some people may be looking for ways to change their […]
Read More… from Using a trust to own shares in a company – Updated August 2023
You’d be forgiven for believing you had met your Companies Office requirements when you file your annual return every year. The fact is, that updating the names and address of any shareholder or directors for your company does not fulfil […]
Read More… from Companies Office annual return requirements: more than you may think
In 2021, the Taxation (Income Tax Rate and Other Amendments) Act was passed by parliament. One of the changes made in the Act was a new top tax rate for individuals of 39%. Because the trust tax rate is […]
Read More… from New trust reporting and disclosure requirements
Despite only using Smart Payroll for 5 months now, I have personally found it not only easy to use but really useful and efficient to use compared to other online payroll systems. Let’s be honest, no one really likes to […]