Small Asset Threshold
The small asset threshold has increased meaning that you are now able to claim a full deduction for more low value assets.
Residential Rental Insulation & Heating
While preparing your 2020 annual records, it is a timely reminder to include any info you have regarding installation of any insulation or heating.
Telephone & Working from Home Tax Free Reimbursements
IRD have released a further determination for tax free working from home costs, relating specifically to COVID-19.
Rent Freezes
Do you own a rental property? Please keep in mind that rents cannot be increased until the end of September 2020.
Mycoplasma bovis
The Government is working through legislation to ensure farmers whose herds were culled will not face an undue tax burden.
Residential Land Withholding Tax (RLWT)
Do you live offshore and are thinking of selling your residential property in NZ? The RLWT rules might apply to you.
Paid Parental Leave
From 1st July 2020 the paid parental leave entitlement from the government has increased to 26 weeks.
COVID-19 Office Update
Following the recent shift to COVID-19 Alert Level 1, our offices are now fully open.
2018/2019 Farmers Stats Booklet
Access your copy of the averages from our clients’ dairy Farm Statistics for the 2018/2019 financial year.
Temporary loss carry-back scheme
If your business is expected to make a loss in the 2020 or 2021 year, you can use that loss to offset profits you made the year before.