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Interest limitation on residential investment property The Government has released draft legislative proposals to limit interest deductibility for residential property investments. From 1 October 2021: for properties acquired before 27 March 2021, interest deductions on loans will be phased out at 25% per year over 4 years, until 31 March 2025 for properties acquired after 27 March 2021, interest deductions will not be deductible (unless the property was acquired by…  Read more

Governance in Action webinar Spending too much time #Managing and not enough time #Governing? Not sure what the difference is? Neglecting your governance role can lead to business failure. We can help you learn to separate your governance role from day to day operations! Join us for our FREE Governance in Action webinar Wednesday November 10th at 12pm Register now! If you’re unable to attend we will send you the…  Read more

Wellbeing Toolkit at Your Fingertips Heard of The Five Ways to Wellbeing? They are simple and proven actions you can introduce in your workplace to help staff find balance, build resilience, and boost their mental health and wellbeing: Connect: feeling close to and valued by others boosts wellbeing. Take a moment every day to connect with colleagues. Be Active: being physically active improves physical health and can improve mood and…  Read more

Wage Subsidy Question I have a client that is a shareholder employee of a company that she works part time at and also has a sole trader business that she works part time. Can the company claim for a wage subsidy as well as via the sole trader business? Answer Yes the wage subsidy can be claimed once by the company of which your client is an employee and once…  Read more

Covid 19 Business Support Wage subsidy no 5 is now available for those businesses that qualify.   The 40% drop in revenue to qualify is your expectations for income over the period 15 Oct – 28 Oct compared to what it would have been without the present lockdown in Auckland. We can help you with the application. This offer is only for businesses with 3 or less employees if you have…  Read more

3 Essential Tools for Business Success For us, business success means owners achieving financial, time and mind freedom. Whether you want more money to enjoy your desired lifestyle, more time for your family and friends, or less stress, there are three business tools that can help you achieve freedom. On Wednesday 20th October at 12pm, join us for our complimentary webinar, The 3 Essential Tools for Business Success, where you’ll: Discover the three most…  Read more

Round 4 of Wage Subsidy The Wage Subsidy is open for a fourth round – if you have a drop of 40% or expect to it, there is support of $600 per week per full time employee and $359 per week per part time employee. Available until 14th October. The Resurgence Support Subsidy is also still open until mid-October. This is a one-off application We can help any of you…  Read more

As a business grows, more team members are added and each team member brings their own thoughts about how they believe they should behave and what the business should do for customers.   Having a purpose that is shared and lived by the team means the business is going in one agreed direction.   What you do is not the same as why you do it. A purpose statement if it’s…  Read more

Vision, purpose, and values are the cornerstones of a strong workplace culture. They help to align thinking throughout the business and can provide a solid foundation for growth. At our complimentary webinar, we’ll teach you how to develop your vision, purpose, and values to maximise your results. On Wednesday 29th September at 12pm, join us for our complimentary webinar, Vision, Purpose, and Values, where you’ll: Demystify the three cornerstones of…  Read more

Leveraging Your Technology Complimentary Webinar Leveraging technology is the easiest way for businesses to streamline their processes, increase their efficiency, and ultimately achieve time, mind, and financial freedom. A systemised business is more sustainable, scalable, and ultimately saleable. It can operate without a heavy reliance on its owners and can grow without the wheels coming off. On Wednesday September 15th at 12pm, join us for our complimentary webinar, Leveraging Your…  Read more

We’ve been getting quite a few questions from our clients during Level 4 lockdown about the responsibilities of employers. We’re not HR specialists or employment lawyers, so we don’t have all the answers. Luckily, the Ministry for Business Innovation and Employment (MBIE) has been busy setting out all the information you need. Three of the most commonly asked questions are: 1. Can I make employees take annual leave during lockdown?…  Read more

Resurgence Support and Wage Subsidy FAQ’S Wage Subsidy Question I have a client that is a shareholder employee of a company that she works part time at and also has a sole trader business that she works part time. Can the company claim for a wage subsidy as well as via the sole trader business? Answer Yes the wage subsidy can be claimed once by the company of which your…  Read more

Everyone should have a budget As a business owner, it’s essential you prepare a Personal Budget each year. Instead of being confining, a Personal Budget should be liberating as you can spend guilt-free, knowing other money has been allocated to your expenses. Think of it as a spending plan rather than a budget. By knowing how you’ll spend and save money and setting personal finance goals, you’ll know exactly what…  Read more

COVID-19 resurgence support payments Here are the following Covid support payments available: 1. Wage Subsidy – drop of 40%, $600 per week per full time employee and $359 per week per part time employee. 2. Resurgence Support Payment – drop of 30%, being a RSP of $1500 plus $400 per full time equivalent. 3. Leave Support Scheme – for workers who must self-isolate while awaiting a test. $585.50 per full time…  Read more

Alert Level 4 – again You will be well aware that we have gone into another level 4 lockdown. What does that mean in terms of our service to you? We are still hard at work on your accounts. All appointments will now be held by phone or Zoom – rest assured all Zoom appointments are secure using a password to log in. COVID-19 resurgence support payments In relation to…  Read more

Upcoming Events We run events monthly to keep you up to date on important issues and improvements you can make to your business. Find out about our business coaching seminars and don’t miss out on our next FREE webinar. Click here to find out what’s happening this month.   Provisional Tax We have begun sending out Provisional Tax reminders to our clients. If you have received one and think it…  Read more

Wage Subsidy and Resurgence Support Applications   The Wage Subsidy is open for another round  to be applied for the next 2 weeks – if you have a drop of 40% or expect to it, there is support of $600 per week per full time employee and $359 per week per part time employee.   The Resurgence Support Subsidy is also still open for another 2-3 weeks. This is a one-off application.   We…  Read more

Do you know how the new rules on the Brightline test for property investment affects you? Are you wanting a short update with some case studies examples and real life stories to help you understand this new proposed legislation and how much extra tax you may have to pay if you have a residential investment? Join us for our FREE webinar to find out about this and more. We will cover:…  Read more

Inflation is coming: should you increase your prices? Inflation is currently running at 1.5%, but experts are forecasting that it’s likely to increase over the next year or two. The rising cost of goods and services has been driven by local labour shortages as well as higher shipping costs and product scarcity worldwide. The result of all these higher prices is that it is becoming more expensive to run your…  Read more

Portfolio Investment Entity Income PIE Income now needs to be included in an individuals tax return.    Do you have questions about how this works? See our example below or contact with us with any questions you have. The IR3 should include the following: • Total PIE deductions/PIE tax • Total PIE income/loss • PIE calculation outcome Example: Lets say your PIR is 17.5% and your marginal tax rate is…  Read more