Archive: 2021

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Inland Revenue’s New Approach to Assets

Inland Revenue’s New Approach to AssetsOn 2nd December 2020, legislation was introduced by the Government that increased the top personal marginal tax rate to 39% on income over $180,000 from…

by Shawn O’Grady
3 Minute(s) to read

Dealing with your Bank

Dealing with your BankWith the holiday season about to be upon us you may be thinking about some business lending to help you get through the holiday’s.

by Shawn O’Grady
4 Minute(s) to read

When Inland Revenue comes knocking at your door

Believe it or not, it’s true. IRD actually has more power than the police!

by Dennis O’Grady
4 Minute(s) to read

Airbnb Short-term Letting

Airbnb Short-term LettingWhilst the provision of residential accommodation in a dwelling is GST exempt, the letting of a property for short term holiday stays is a taxable activity for GST.

by Shawn O’Grady
4 Minute(s) to read

How is your business going? Here are some indicators to use to assess it.

Gross Profit On your Profit and Loss Statement, gross profit is the difference between revenue and the cost of goods sold (or services provided).

by Dennis O’Grady
3 Minute(s) to read

Flow On Consequences of the Removal of Interest Deductibility

For many investors the impact of phased removal of interest deductibility is still sinking in. In this article we explore some of the consequences of the change that may not have been apparent at first glance.

by Dennis O’Grady
5 Minute(s) to read

The Importance of ‘Reconciliation’

Reconciliations are a fundamental accounting process that will ensure your financial records are accurate and complete. But it is surprising how many businesses do not undertake them.