Rise Accountants Newsletter – July 2024
Rise Accountants Blog
by webwonks
2M ago
It has been a while since our last newsletter, which was released before Christmas. Since then, we have been very busy welcoming clients from Evans Accounting, following Russell Evans retirement. We also heartily welcome all our other new clients. A significant milestone recently reached is the recognition by Xero that Rise has attained Platinum [...] The post Rise Accountants Newsletter – July 2024 appeared first on Rise Accountants ..read more
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Managing Your Finances In Challenging Economic Times
Rise Accountants Blog
by zesty_jamie
1y ago
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
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Watch out for new trust rules that have the potential to put your assets at risk
Rise Accountants Blog
by zesty_jamie
2y ago
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
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Rental Tax Changes Are About To Kick In – Be Ready
Rise Accountants Blog
by zesty_jamie
3y ago
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
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Back In Lockdown: Covid Support For Businesses
Rise Accountants Blog
by zesty_jamie
3y ago
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
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The Big Housing Reset – Information for Residential Rental Property Owners
Rise Accountants Blog
by zesty_jamie
3y ago
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
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Is your business eligible for the Resurgence Support Payment?
Rise Accountants Blog
by zesty_jamie
3y ago
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
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Budget Highlights, Small Business Loans, and Wage Subsidy Expansion
Rise Accountants Blog
by zesty_jamie
3y ago
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
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Business Update – Covid-19
Rise Accountants Blog
by zesty_jamie
3y ago
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
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Rental Properties – Losing Your Tax Refund
Rise Accountants Blog
by zesty_jamie
3y ago
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
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