Tax
NAVIGATING THE CRYPTO LANDSCAPE: HOLDING, STAKING AND TRADING
Navigating the crypto landscape: Holding, staking and trading; it can appear quite daunting! Cryptocurrency has taken the financial world by storm, offering innovative ways to invest, earn passive income, and trade digital assets. In New Zealand, as elsewhere, navigating the world of crypto can be both thrilling and daunting. Thus, in this comprehensive guide, we’ll…
Read MoreNEW TAX RATES IN NZ
…additionally, the government have increased the trustee tax rate from 33% to 39% from 1 April 2024.
Read MoreRENTAL PROPERTY ACCOUNTANT AUCKLAND
What may have been applicable last year could be completely different today. For landlords, staying abreast of these changes is not just advisable—it’s essential.
Read MoreTAX ON AIRBNB INCOME NZ
TAX ON AIRBNB INCOME NZ: Is my Airbnb income taxable? Is there tax on airbnb income in NZ? Yes. Income earned from providing short-stay accommodation is taxable
Read MoreRENTAL PROPERTY: WHAT RECORDS DO YOU NEED TO KEEP?
What rental property records do you need to keep for your investment property? General guide for the 12 months preceding 31 March
Read MoreCAN MY LTC BUY ME A COMPANY CAR? WILL I HAVE TO PAY FBT?
CAN MY LTC BUY ME A COMPANY CAR? WILL I HAVE TO PAY FBT? es. However, note that Fringe Benefit Tax (FBT) may apply, depending on the situation.
Read MoreCAN I CLAIM MY HOLIDAY AS A RENTAL EXPENSE?
You have a rental property. Can you claim your holiday as an expense? If you spend time travelling as part of your business you can claim business travel as an expense. A good way to prove the business portion of your travel expenses is by keeping a diary of your travels.In addition to keeping invoices, receipts and tickets you should also keep details of:the date of the tripyour itinerarythe cost of car hire, and air, bus and taxi faresthe cost of accommodation, meals and incidentalsthe t […]
Read MoreHOW DO I KNOW IF I’VE GOT NON-RESIDENT TAX STATUS (NZ)?
HOW DO I KNOW IF I’VE GOT NON-RESIDENT TAX STATUS (NZ)? How do you know if you have non-resident tax status in New Zealand? Some of our clients live and/or work overseas, and have asked us about non-residency status with regards to tax.
Read MoreGST & RENTAL PROPERTIES
For GST-registered buyers, buying a property off a GST-registered seller means that the sale is zero-rated for GST i.e. none is paid by the seller and none claimed by the buyer.
Read MoreTHE REAL COST OF A RENTAL PROPERTY
WHAT’S THE REAL COST OF A RENTAL PROPERTY? Specifically, what’s the real cost of rental property compared to money in the bank or other investments? What what return will you get? They are both good questions. Let’s do some math: Let’s say you own a rental investment property that rents for $600 per week. That’s…
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