OUTCOME OF LAST WEEKS RESERVE BANK ANNOUNCEMENT: AUGUST OCR HIKE PREDICTION AND REDUCED ECONOMIC STIMULUS What we know… The Reserve Bank has just announced that the official cash rate will remain at 0.25%. This can be seen as the wholesale rate that the banks can...
JUNE 2021 UPDATES & NEWSLETTER RESIDENTIAL INVESTOR TAX RULE CHANGESThe Government recently confirmed a few more details for the changes to tax rules for property. The news confirms that anyone who has purchased a residential investment property before 27 March...
Finance Minister Grant Robertson’s 2021 budget is a cautious balancing act between incurring further debt and increasing spending on measures designed to reduce child poverty. After the dramatic March tax announcements that caused a tailspin among property investors,...
1. NEW RULES TO KEEP CASH FLOWINGIf money is a bit tight, here are some tax measures focused on providing and enabling cashflow that you might like to consider:• The tax loss carry-back rule, which means if you’re expecting a tax loss for the year ended 31 March 2021,...
The Government made some important announcements yesterday morning (23/03/2021) to help try and address the supply and demand for residential properties. They include: 1. THE BRIGHTLINE TEST FOR HOUSES WILL INCREASE FROM 5-10 YEARS.The bright-line test is increasing...
REVISED BUSINESS FINANCE GUARANTEE SCHEMEThe Business Finance Guarantee Scheme was revised late last year to become more fit for purpose and to help more businesses recover from the ongoing effects of COVID-19. Rules regarding what the loans can be used for have now...
Happy New Year!What a year 2020 was… none of us saw that coming! We hope you had a well-deserved & relaxing break! While there’s a lot of uncertainty about what 2021 will bring, we can take our 2020 learnings and plan for a better 2021.Just remember, no matter...
As of the 1st of December the Privacy Act 2020 will be introduced and this will impact all of us within New Zealand. What does this mean for you? Perhaps the biggest aspect of the new legislation is that compliance is now compulsory. Previously, compliance within the...
THE SMALL BUSINESS LOAN SCHEME EXTENSIONThe Small Business Loan Scheme was set to expire at the end of this year, but this has now been extended 3 years, and will now be available until 31 December 2023. The interest free period has also been extended from one to two...
The trust law is changing in January 2021. If you have a trust, there are some things you need to be aware of, and actions you may need to take before this legislation comes into force. Join us on Thursday the 12th of November at 10 am, for our complimentary webinar...
