Posts Tagged ‘company’
WHY USE A LOOK-THROUGH COMPANY?
Why use a Look-Through Company? In New Zealand, a Look-Through Company (LTC) is a special type of company that allows its income, expenses, tax credits, gains, and losses to be passed directly to its shareholders. Here are the benefits of using an LTC for New Zealand investors: 1. Flow-Through Taxation Pass-Through Income and Losses:…
Read MoreBEST RENTAL PROPERTY OWNERSHIP STRUCTURE
Many clients ask us “what’s the best structure for my investment property?” We set out here to outline some of the pros and cons.
Read MoreCOMPLIANCE REQUIREMENTS – LTCS AND COMPANIES
COMPLIANCE REQUIREMENTS – LTCS AND COMPANIES. What are the Compliance Requirements for your LTC (Look-Through-Company) or standard Company? First let’s talk about your obligations as a director.
Read MoreNZ FIRE SERVICE LEVY AND YOUR LTC
NZ FIRE SERVICE LEVY AND YOUR LTC… you might receive a letter from the New Zealand Fire Service asking you to make a Statutory Declaration.
Read MoreBEST OWNERSHIP STRUCTURES FOR INVESTMENT PROPERTY
9 times out of 10 an LTC is the best structure for owning a rental property: “You have the benefit of limited liability, a legal structure that is clearly a separate entity yet under your control, and yet it is treated at tax time like a partnership: the best of both worlds.”‘
Read MoreSHOULD I GET THE COMPANY TO BUY ME A CAR?
SHOULD I GET THE COMPANY TO BUY ME A CAR? That’s a good question. It depends on whether your company is a Look Through Company (LTC) or not
Read MoreWHAT IS A SOLVENCY RESOLUTION?
WHAT IS A SOLVENCY RESOLUTION? A solvent company is one where the assets are more than the liabilities. An insolvent company is the opposite
Read MoreCHANGES TO FINANCIAL REPORTING REQUIREMENTS FOR SMES
ou might have heard of the Financial Reporting Act 2013 and the Financial Reporting (Amendments to Other Enactments) Act 2013. Maybe not. Anyway, changes which took effect on 1 April 2014 mean that entities that do not meet the large entity definition will no longer be required to prepare financial statements in accordance with NZ GAAP.
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