Government implements significant property changes

Posted in Accounting & Advisory

Today the Government renewed its war on residential landlords and announced some major changes in the property sector.  Obviously, the house price increases we have seen in the past couple of years are unsustainable and are having significant social impacts. …

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New Legislation rushed through Parliament

Posted in Business

Top tax rate Legislation to increase the top tax rate was introduced and rushed through parliament under urgency.  By rushing this Bill through parliament, the normal democratic process has been circumvented as interested parties are denied the opportunity to make…

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New Zealand property price circus side-show

Posted in Business

Property prices have been the hot topic in the past few months as property prices have gone ballistic across the country.   Fundamentally, rapidly rising property prices are being driven by low supply.  However, the removal of the “loan to value”…

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Has your business adapted since Covid 19?

Posted in Accounting & Advisory

Are you focusing your time and energy on the right things at the moment? The things you CAN control, that will help your business thrive? Or are you focussing on things you can’t control, like politics, rules, regulations, outbreaks, lockdowns etc? The…

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National’s tax policy announcements

Posted in Accounting & Advisory

On Friday, National leader, Judith Collins and Finance Spokesman, Paul Goldsmith has announced National’s bold fiscal plan.   National’s bold tax policy is a stark contrast to Labour’s very conservative tax policy.  Labour’s policy seemed to be aimed at not offending…

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Labour announces its tax policy for election 2020

Posted in Accounting & Advisory

Labour has announced its tax policy, and it is surprisingly conservative. Labour is proposing that if it is re-elected then it will introduce a new top rate of 39% kicking in from $180,000. On Labour’s numbers this affects only 2%…

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Business Finance Guarantee changes…some further thoughts

Posted in Business

Our blog yesterday has generated a lot of discussion. Something we’ve been asked is why the old scheme failed so badly, and do we think the improved scheme will perform any better. Here is our opinion on this. Why did…

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Big changes to the New Zealand Business Finance Guarantee Scheme

Posted in Business

The Government-backed Business Finance Guarantee (or BFG) scheme has been an epic failure. The scheme was too restrictive and there was too much red tape. The Government set aside $6b+ for the scheme when the scheme was announced. However, to…

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Curly COVID-19 New Zealand wage subsidy scenarios

Posted in Business

There are a couple of scenarios that we have come across multiple times in the last couple of weeks. It turns out that WINZ has a secondary website that contains some useful and concise information that…

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Wage subsidy extension open for applications

Posted in Business

The Wage Subsidy Extension went live yesterday morning.  The full criteria were published at the same time.  As we saw with the original scheme, we expect that the information WINZ published will change over time. The turnover drop threshold and…

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