Thinking of Turning Your Home Into a Rental Property?
There are a few things to consider before you jump in and make this happen. Ownership structure, tax implications and debt allocation are the main
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Check here regularly for the latest accounting & tax info, news and business advice.
There are a few things to consider before you jump in and make this happen. Ownership structure, tax implications and debt allocation are the main
To get the best tax deductions available for depreciation on a commercial building fit-out you will need to: Have an independent valuer prepare a fit-out
Many people have asked us “What is a dividend?” In short, a dividend is an allocation of profits from a company to its shareholders. In
You are only allowed a deduction for repairs and maintenance where the expenditure is required to maintain an asset in the condition it was initially
If you pay costs to advertise the sale of your rental property, these are not claimable as an expense but will come off the sale
People often ask us if it’s a good idea to spend money to save tax. The idea is by creating additional expense the business can
Keeping a vehicle log book to record vehicle use is essential for ensuring an accurate expense claim. To help make this process a little
If you are thinking about or are in the process of making large scale repairs and/or improvements to your rental property there may be tax
If your rental property is untenanted and you’re taking the opportunity to do some repairs and maintenance do ensure the property remains available to rent
Often people buy a rental property that needs a bit of work done to it – they then get the keys and undertake repairs and
For our Rental Property clients to make the most of their tax deductible mileage claims you need to keep a record of your rental-related travel.
An interesting heads up for anyone leasing a building and for building owners.. Recently a mower launched a large rock through one of our windows
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38 Bridge Street
Freepost Kiwitax, PO Box 12150
Napier 4144, New Zealand