As seems to have become somewhat of a Christmas tradition, it is with great pleasure that I announce two new additions to our leadership team.  Melissa Foster and Rohit Prasad have been appointed Directors of Giles & Liew, joining Lorren Kilgour, Kylie Liew and myself as we lead our business and that of our clients through unprecedented times.

The IRD has launched a campaign to target investors who have sold residential property without paying tax on the profits. The IRD is now matching tax returns with property transactions, is contacting clients who might be affected and we as tax agents are being asked to do the same.

It’s been a financial rollercoaster of a year for most Kiwi businesses. Christmas time invites us to pause and celebrate what’s gone right and to thank the people we have […]

Some important changes to Trust legislation have been made, with the New Zealand Trusts Act 2019 coming into force from 30 January 2021. Some of the key changes to be aware of are as follows:

Cashflow has been a big issue for thousands of businesses this year, and when the money’s not rolling in, it can help to rethink your costs. To do it effectively involves more than just keeping an eye on outgoings. It’s about looking at all the moving parts of your business to see if your systems (or lack of) are costing you unnecessarily.

This time last year, you might have been pondering Christmas bonuses or booking your summer holiday, but with a completely different business landscape in front of us, your head is no doubt filled with different questions. Here we explore four common topics keeping Kiwi business owners up at night.

Work and Income offers three COVID-19 support payments for employers: Wage Subsidy Extension, Leave Support Scheme, and Resurgence Wage Subsidy. The Small Business Cashflow (Loan) Scheme extended to Dec 31, 2020. Other measures include lease cancellation extension for landlords and changes to enforcement timelines for lenders.

During the recovery phase of COVID-19, businesses are navigating ways to not only survive but also thrive in the evolving landscape. Business owners are actively seeking ways to adapt to the ‘new normal’, seizing the opportunity to innovate and explore novel approaches to operations.

  Titled “Rebuilding Together”, unsurprisingly, any hopes of a transformational economic shift were quickly squashed when the Minister of Finance, Hon Grant Robertson, delivered Budget 2020 on Thursday 14 May […]

Extra funding administered by the IRD is now available for businesses with 50 or fewer full-time equivalent employees who are struggling because of a loss of actual or predicted revenue as a result of COVID-19.