Asset Protection & Estate Planning Archives

03 Oct 23

NZ Minor Parties’ Tax Policies

New Zealand’s general election on 14 October 2023 is fast approaching. As is customary, tax policies continue to be a prominent subject of debate as the election approaches. During the lead up to the election, the various political parties’ tax policies have been grabbing headlines. Some parties advocate for sweeping alterations to our tax system, […]

26 Mar 23

Seek Tax Advice and Reap the Benefits

As the income tax year comes to an end, it’s important to start thinking about taxes and seek tax advice. Whether you’re a business owner or an individual taxpayer, there are several things you can do before the end of the year to help reduce your tax burden. It’s a timely reminder to spend a […]

11 Jan 23

5 Ways a Small Business Accountant Can Help

If you own a small business, you’ve probably worked with a small business accountant at some point. Have you imagined how they could help you, other than preparing and filing taxes, and bookkeeping? Most people would acknowledge small business accountants prepare tax returns and financial statements. They recognise engaging a good small business accountant will […]

31 Mar 21

Tax Changes for Residential Investment Properties

The current Labour government has announced some radical changes to New Zealand’s tax legislation for residential investment properties. It has declared it wants to remove “tax loopholes” that gave an unfair advantage to existing investment property owners. Government proposed the legislation soon after Real Estate Institute of New Zealand (REINZ) announced the country’s latest house […]

12 Feb 21

Trusts Act 2019 – Trustee Responsibilities

Several important changes to how trusts operate now apply after the new Trusts Act 2019 (“Act”) took effect from 30 January 2021. The Act imposes more obligations for settlors, trustees and beneficiaries. Trustees should take action. They should review the trusts they are responsible for to ensure they operate as intended and comply with the […]

13 Jun 19

Rental Property Accounting Basics

Do you own a rental property or even a portfolio of them? Do you use a rental property accountant or leave your administration and bookkeeping to chance? For many property investors, day to day bookkeeping and administration is something that is often overlooked. Like most investments, having good accounting processes is essential to keep […]

09/11/2018
Mark
Accounting and Tax, Asset Protection & Estate Planning, Rental Properties
Comments: 37

This article discusses how the proposed legislation to “ring-fence” residential rental losses could negatively affect residential property investors. The current governments is committed to pursue it pre-election promise to “ring-fence” rental losses. It apportions blame for the housing price inflation squarely on residential property investors and speculators. Its policy ignores the true cause of house […]

28/01/2008
Mark
Accounting and Tax, Asset Protection & Estate Planning
No Comments

Imagine how you would feel if you lost all of your hard earned assets & wealth to a 3rd party or to your offspring’s estranged spouse? Not a pleasant thought is it? It’s a scary thought but so many families leave their inheritance and estate planning to chance. This article introduces some increasingly popular asset protection, […]