End of Financial Year – A Quick To Do List
31 March 2019
With the end of the financial year coming up (on 31 March) now’s a good time to do a bit of preparation work towards having
Infobase
Check here regularly for the latest accounting & tax info, news and business advice.
AirBnB – What You Should Know
26 June 2018
Using AirBnB and similar platforms to rent a spare room, sleep out or holiday home has become increasingly popular and it’s important to understand the
Extension To The Bright-Line Test
23 April 2018
From 29 March 2018 the bright-line test for residential property has been extended from 2-years to 5-years. This means any Capital Gains on the sale
Compulsory Rental Property Insulation – Deductible or Not?
12 April 2018
With the governments new legislation hitting in 2019 for landlords to insulate their rentals – questions have been asked whether this will be tax deductible
Thinking of Buying a Holiday Home?
1 February 2018
The tax rules around holiday homes have changed significantly making many formerly available tax deductions unavailable. If considering buying a property to be available for
What’s The Difference Between GST On Payments Or Invoice Basis?
1 February 2018
There are two main methods you can prepare your GST returns based on, these are: Payments basis – This is when you prepare your GST
Should Your Residential Rental Property Be GST Registered?
1 February 2018
No. Residential rental properties are exempt from GST. You cannot charge or claim GST for the supply of residential rental accommodation, therefore there is no
Using Kiwitax Offline or Online or Both
1 February 2018
Something which has become a little confusing for clients is the where / what / how of using Kiwitax. Should you use Kiwitax via the
Accounting and Tax Glossary
31 January 2018
Accounts Payable Amounts companies owe suppliers for goods and services. Listed in the current liabilities section on the statement of financial position. Accounts Receivable Amounts
Do I Have To Return My Overseas Rental In My NZ Tax Return?
31 January 2018
When you are a NZ tax resident you are required to declare your worldwide income in your NZ tax return which includes your overseas investment
Living Outside of NZ But Have a Rental Property Here?
31 January 2018
IRD are paying close attention to the residency status of individuals who have left New Zealand but still have a dwelling here which they could
Have a Family Member Living in Your Rental Property?
31 January 2018
If you have a family member or associated party living in your rental property, there are different tax rules that apply to this situation. Based
