38. Property and Tax update
Chris Lynch, CA, Managing Director
April 8, 2021
Are you up to speed with recent changes to tax rules for investment properties? If you own a residential rental or one used for short-stay accommodation, or if you are considering buying a second property, we can advise you on the tax implications.
37. What does the new top tax rate mean for you?
Chris Lynch, CA, Managing Director
March 29, 2021
36. The low-value asset threshold (of $5,000) for depreciation ends on March 16th
Chris Lynch, CA, Managing Director
March 29, 2021
35. Should you buy or lease your business assets?
Chris Lynch, CA, Managing Director
March 26, 2021
34. Tax shake-up targets property investors
Chris Lynch, CA, Managing Director
March 26, 2021
33. New Trust Disclosure Rules
Written by Peter Speakman of Speakman Law and is
reproduced here with his permission.
32. The minimum wage increases
Chris Lynch, CA, Managing Director
March 8, 2021
31. IRD communication - Changes in Legislation
Chris Lynch, CA, Managing Director
January 28, 2021
Some changes to legislation that may impact you or your clients have been brought to our attention by Inland Revenue. They fall into 5 main groups.
30. How does an accountant save you money?
Chris Lynch, CA, Managing Director Lynch & Associates Limited
November 26, 2020
Want to cut unnecessary costs, optimise the most profitable parts of the business, and increase your overall return on investment? Let’s talk about how we can work together to support your ongoing business profitability.
29. Staying on track with your personal budget
Chris Lynch, CA, Managing Director Lynch & Associates Limited
November 02, 2020
Don’t set and forget your Personal Budget! Monitor your progress to achieve your goals. Dedicate one hour each month to track how you’re progressing towards your budget. Need accountability? Get in touch!
28. Understanding your numbers to improve your results
Natasha Hollows, CA
October 27, 2020
Understanding your financial reports improves decision-making and results as you can see the impact of your decisions and quickly take corrective action. Keen to Know Your Numbers and improve business decisions?
27. Don't neglect your Balance Sheet
Chris Lynch, CA, Managing Director Lynch & Associates Limited
October 19, 2020
Your business may be profitable but is it solvent? Your Balance Sheet is a key indicator of solvency; neglect it at your peril! Profitable businesses can & do go broke. Discover 4 areas of your Balance Sheet focus to maximise success!
26. Demystifying your Balance Sheet
Andrew Sargent, CA
October 2020
Unclear on the story your Balance Sheet tells? Don’t know how to calculate key ratios to measure the strength of your business? We can help demystify your Balance Sheet. The stronger it is, the stronger your business will be!
25. Understanding your numbers to improve your results
Michelle Thompson, CA, Head of Tax & Compliance
24. Reasons To Look at Your Financial Reports
Chris Lynch, CA, Director Lynch & Associates Limited
August 5th, 2020
Making time to look over your financial reports each month is an important task for any business owner. We can give you an overview of what reports you'll need to help you build a thriving business.
23. When to start budgeting?
23. When to start budgeting?
Chris Lynch, CA, Director Lynch & Associates Limited
July 17th, 2020
We believe having a budget is essential for business success. Talk to us about creating a useful budget in your accounting software as a practical business management tool. We’d love to help you start planning for a great 2021 financial year!
22. Tax Payment Management
June 2020
Becky Zhang, CA
We know you are looking for peace of mind when it comes to tax and we wanted to share with you that the IRD has used its new discretionary powers in s6I of the Tax Administration Act 1994 to extend the legislative deadline for paying your 2019 terminal tax.
21. Understanding Your Statement of Cash Flows
20. Keeping your tax and expenses in check when you are self-employed
October 2019
Michelle Thompson, CA, Practice Manager
Working for yourself or running your own business? Set up a robust system for expenses and tax obligations so that you can focus on getting things done. Talk to us. We will take the headache out of your business accounting.
19. What’s in the forecast?
September 2019
Chris Lynch, CA, Director Lynch $ Associates Limited
You don’t go fishing without checking the forecast, nor should you run your business without an annual forecast! Don’t live in your raincoat, waiting to get soaked - take control and talk to us about your business forecast. We’ll help you create sunshine!
18. Changes to NZ GST rules for low-value imported goods
August 2019
Becky Zhang, CA
In an increasingly disrupted world, the laws surrounding consumer processes sometimes need to play catch up. From 1 December 2019, overseas businesses selling low-value goods to consumers in New Zealand may need to...
17. Questions on GST? We can help
Michelle Thompson, CA
If your turnover (sales) was more than $60,000 over the past 12 months, or if you expect your turnover in the next 12 months to be more than $60,000, you must...
16. Dividends and paying yourself as a director
Chris Lynch, CA
As the director in a limited company, dividend payments are the usual way for you to take money out of the company – and see a financial return on your investment into the company.
15. The Trusts Act 2019
Chris Lynch, CA
The Trusts Act 2019, (No 38 of 2019) received the Royal assent on 30 July 2019. The Act takes effect 18 months after 30 July 2019. This transition period will allow trustees to review their existing trusts before the Act finally becomes effective.
14. Your GST return is due soon
Becky Zhang, CA
You need to file your GST return at the end of every taxable period (this may be monthly, 2 monthly or 6 monthly depending on the frequency you have chosen for your business - you can check this with us).
13. Your income tax return
Michelle Thompson, CA
Preparing for your return. You’ll need to ensure that your business accounts for the 2019 tax year have been settled before you file your return. We can provide a guide to preparing for your income tax return, or contact us today for more information.
12.Pricing your product of service
11. NZ Budget 2019
Chris Lynch, CA
The Government delivered its first Wellbeing Budget on 30 May 2019. In line with its strong focus on social policy, the mental health sector, child wellbeing and social welfare all gained significant increases in spending.
10. Registered Charities carrying on activities overseas
10. Registered Charities carrying on activities overseas
Chris Lynch, CA
The Charities Act does not specifically deal with international charities and activities. They assess each application they receive on a case-by-case basis, based on the criteria set out in the Act.
09. The Tax on Capital Gains. Final Report.
Chris Lynch, CA
The TWG’s report was released on Thursday, 21st of February 2019.
It made the following key recommendations with regards to the New Zealand tax system:
08. Should I lease or buy my business vehicle
07. IRD's Mileage rates for 2018
Chris Lynch, CA
Motor vehicle expenses are generally deductible for income tax purposes, if the vehicle is used to help earn income for the business.
It is important to note that:
06. Not for Profits – Top Trends
Chris Lynch, CA
Why do we call “Not for Profits” by that name?
Apparently it is to distinguish them from the “For Profit” sector. I read in the recent “Cause Report” published by JB Were the statement “One of the great difficulties in discussing the not for profit sector is definitions and seemingly synonymous terms.
05. Schedular Payments
04. IRD's mileage rate increases for the 2017
Chris Lynch, CA
The IRD's mileage rates for the 2017 income year for vehicles with business travel of 5,000 or less in an income year have been set as follows:
03. NZ Budget 2017-2018
Chris Lynch, CA
Budget raises tax thresholds to address bracket creep.
Every taxpayer earning more than $52,000 will pay $1,060 a year or $20 a week less in tax from 1 April 2018. A taxpayer earning $22,000 will pay $560 or $11 a week less.
02. Tax Credits
01. Working from Home? Claim your home office expenses
Chris Lynch, CA
If you have a home office for your business, you should be able to claim some of the running costs. It’s important to be aware of what you can and can’t claim, and the record-keeping involved in making a claim. How does it work?
