Staff Leaving… As most of you are now aware, Luke Kemeys left us in November after four years of service. He’s working in Auckland until the middle of next year before embarking on some travel through the USA and then onto Brazil where him and a group of friends from university will support another university […]
As part of Budget 2015, the Government has passed into law a “bright-line” test for the sale of residential property. The test will require income tax to be paid on any gains from the sale of residential property that is bought and sold within two years. This came into effect from 01 October 2015. What’s
Bright-line Property Rule Read More »
Imposing Goods and Services Tax (GST) on the digital economy has been a hot topic this year as New Zealand retailers push for equal GST treatment between local and foreign suppliers. At present, foreign providers of cross-border services and intangibles (including music, e-books, videos and software purchased from offshore websites) do not have to pay
GST on Foreign Supplies Read More »
Tax inspectors without borders A new initiative, dubbed “tax inspectors without borders” has been launched to help poor countries crack down on tax avoidance and fund their own development. According to policy research group, Global Financial Integrity, nearly US$1 trillion is estimated to leave poor countries each year in illicit finance, stemming from tax evasion,
The Government wants to change the law so that everyone renting in New Zealand can live in safer, warmer and healthier homes. Lets see what this means for tenants and landlords. If the changes go ahead, all rental properties would have to meet new insulation standards and be fitted with smoke alarms. This would ensure
Are you a Landlord? Tenancy Law Changes coming Read More »
There is currently significant public interest in the New Zealand housing market, whether it be issues relating to the Auckland ‘bubble’, property speculation, non-resident buyers, banking restrictions or a combination of these. In response, the Government is introducing a number of changes designed to either directly influence the market, or assist with decision making when
Land – themes of change Read More »
Fonterra’s latest estimate of the dairy payout for the 2015/16 season is $3.85/kg milk solids. This comes off a record $8.40/kg for the 2013/2014 season. It is estimated the average dairy farmer needs $5.60/kg of milk solids to breakeven, so it goes without saying that financial upheaval is coming, but how significant and wide reaching
The impact of ‘dairy’ Read More »
The Reserve Bank of New Zealand uses the Official Cash Rate (OCR) to maintain price stability, i.e. to keep inflation between 1% and 3% over the medium term. Given the recent drop in the OCR (from 3.5% to 3.25%) and the potential for future reductions, it is timely to consider the benefits of changing the
What is the cost of your fixed term debt? Read More »
Congratulations to Rachel in achieving her Bachelor of Accountancy and to Lillian (below) for obtaining a Diploma in business studies – Accounting technicians diploma. Congratulations to you both.
