Rise Accountants friendly team of professionals are eager to use their expertise to help you through the economic headwinds. Successful businesses are adaptable. When the times change, they change with it. Smart business operators maintain their presence in the market during economic downturns, and reap the rewards when the market recovers with increased market [...] The post Managing Your Finances In Challenging Economic Times appeared first on Rise Accountants ..read more

There have been a lot of rule changes for trusts over the past few years – and now Inland Revenue has introduced another tweak, one you need to know about if you use trusts to protect your assets. Who’s who when it comes to trusts To understand the new rule, you need to know the [...] The post Watch out for new trust rules that have the potential to put your assets at risk appeared first on Rise Accountants ..read more

Earlier this year, the Government announced the removal of tax deductions on loan interest for rental properties. Previously, interest payments could be claimed as a business expense and taxed accordingly, giving property investment a tax advantage. Now, properties bought from April 2021 onwards will not be able to claim any tax deductions for the interest [...] The post Rental Tax Changes Are About To Kick In – Be Ready appeared first on Rise Accountants ..read more

We hope you are safe as New Zealanders deal with this latest community outbreak and lockdown measures. We know many of you will be losing income over this time and the ongoing uncertainty only adds to the stress. We want to let you know about the financial assistance that might be available to your business [...] The post Back In Lockdown: Covid Support For Businesses appeared first on Rise Accountants ..read more

Changes Announced Today To The Bright-Line Test and Interest Deductibility - For Residential Rental Properties The Government has today announced changes to the bright-line test and the interest deductibility rules. In the interests of providing timely information, we offer a brief summary. Bright-line Test Any residential property acquired on or after 27 March 2021 (this [...] The post The Big Housing Reset – Information for Residential Rental Property Owners appeared first on Rise Accountants ..read more

The Resurgence Support Payment was launched to assist small businesses to cover expenses as wages and fixed costs, when there is move to Alert Level 2 or above for a week or more. For the 14 February Alert Level Escalation, the last day to apply through myIR is 22 March 2021. For the Alert Level [...] The post Is your business eligible for the Resurgence Support Payment? appeared first on Rise Accountants ..read more

Budget So the budget has been released. If there is one thing that can be said for it, there is a lot of money about to be released into the economy.  And while there is some direct support for business, there is also a lot of indirect support through services that the government will seek [...] The post Budget Highlights, Small Business Loans, and Wage Subsidy Expansion appeared first on Rise Accountants ..read more

We have issued a number of newsletters – and thought that we would include almost everything we know about covid-19 and government support for your business in one tidy spot. The Government has announced a range of changes to support business. Employer Support Wage Subsidy – by far the most in demand request at the moment [...] The post Business Update – Covid-19 appeared first on Rise Accountants ..read more

The Government has introduced legislation to prevent tax losses from residential rental properties being offset against other income. That's right. We have the Brightline Test, which seeks to tax gains on residential rental properties where sold within 5 years. We have the proposed Capital Gains Tax, which has been receiving much media attention. And we [...] The post Rental Properties – Losing Your Tax Refund appeared first on Rise Accountants ..read more

I am sure you have heard about the upcoming changes to how employers must file their PAYE information with IRD. The new rules will affect all employers, no matter how small. For those of you who haven’t opted to change to payday filing already, it will become compulsory as of 1st April 2019. The idea [...] The post Payday Filing appeared first on Rise Accountants ..read more