Our Blog

OCR AND INTEREST RATES. If you’ve been living in New Zealand for the past couple of years, you’ll know we’ve been at war with the inflation beast.  This has affected the cost of doing business and the cost of living.  Ultimately, the effect of high inflation is businesses paying more for the inputs they need […]

If you’ve read our last article on the OCR and interest rates, you’ll know when the Reserve Bank reduces the OCR, the wholesale rates banks borrow money from the Central Bank falls.  This can result in our registered banks reducing their short-term interest and deposit rates. POSSIBLE EFFECTS Debt to Income (DTI) rules became operational […]

It’s fair to say 2024 was a hard year for many businesses as they attempted to cope with choppy economic weather.  Turnovers flatlined, overheads climbed, margins were squeezed and net profits declined.  Glimmers of sunshine are lining our horizon however, brought about in part by the Reserve Bank of New Zealand reducing the OCR.  This […]

SELLING YOUR BUSINESS FOR WHAT ITS TRULY WORTH. In every successful business owner’s life, the day dawns when they want or need to transition out of their business.  Maybe they’d like to work less and hand over their business to someone else.  Maybe they want to sell and sit back enjoying their retirement.   Whatever the […]

Up until 31 March 2024, those people that used Uber and Air BnB platforms had an obligation to comply with the Goods and Services Act.  Despite this, many people didn’t pay GST on the income earned from the likes of their driving activities or from letting out their properties.  Non-compliance occurred for a variety of […]

It's widely recognised Xero is a top choice among accounting software for businesses. It’s also no secret that errors in Xero are easy to make and can prove costly. What often surprises users is the magnitude of these costs. Typically, such errors remain undetected until year-end, when your friendly Lion Accountant is trying to prepare […]

In each edition of Our Roar, we intend to showcase products and services of some of our clients, that we think others will be interested in learning about.  One such business is our client Loyal Pooch. This company has designed a stylish storage solution that is suitable for all homes. We've been privileged to help […]

Have a look at most businesspeople and you’ll find a trust or two in their structure.  Trusts in one form or another have been used for eons, primarily to hold and protect assets and pass on wealth to successive generations. Trusts can be likened to insurance policies, providing asset protection against creditors and relationship claims […]

Every year, hundreds of residential property investors claim expenses for the costs of fixing up and upkeeping their rental properties.  When expenses are incurred, investors fully expect to receive a tax deduction for the money they’ve spent but not all expenses are deductible. Whether an expense is claimable depends upon the nature and extent of […]

Most New Zealanders are aware if they acquire and dispose of land within a certain period of time, tax may be payable to Inland Revenue.  The tax, commonly referred to as ‘Brightline Tax’ was introduced via the Brightline rules by the National Government in October 2015 as an attempt to ensure property speculators paid their […]

If you’ve read the previous article in Our Roar Newsletter, you know the level of scrutiny IRD brought to bear on taxpayers has increased substantially.  Succinctly this means taxpayers need to remain current satisfying their tax obligations.  To help clients meet their tax liabilities Tax Pooling is at hand. Tax Pooling was established back in […]

Did you know $29 million was the sum allocated to IRD via the Budget?  This money is intended for IRD to spend on compliance activities.  Particularly it will be utilized to employ 200 additional permanent staff who will focus their efforts on undertaking compliance activity work.  Specifically, IRD intends to prioritize the collection of taxes, […]