Budget 2025: What about my business?
For retail businesses, it remains to be seen whether the changes will bolster consumer confidence to a point where the retail sector can rebound the way it’s been hoping to. Investment Boost and associated measures will bring some welcome tax relief and encourage spending on business assets to boost productivity. With tax incentives, a key […]
What to know before (and after) you borrow
While interest rates may be easing elsewhere, rural lending in New Zealand is a different story. Because of regulatory requirements, agricultural loans often come with tighter conditions and higher interest rates—some reports suggest up to 1.7% more. Lenders also place more emphasis on climate resilience, compliance, and seasonal volatility, while larger farms face increased scrutiny […]
Five mistakes to avoid for this End of Tax Year
The lead-up to the end of the financial year can feel like a whirlwind, but by avoiding these common hurdles, you can keep your tax season on track and make it your smoothest yet. Mistake #1 – Neglecting your home office details If you’re claiming home office expenses, accuracy is key. You might have started […]
Consider asset write-offs and sales
Review fixed assets and identify any that can be written off. Assets purchased on or after 17 March 2021 and below the value of $1,000 can be written off immediately (in most cases). Make sure assets purchased or sold as part of a sale/purchase agreement align with the purchase price allocation in the relevant agreement. […]
