Asset threshold lowering What? In response to COVID-19, the threshold for low-value assets to be deemed fully deductible upon purchase was increased to $5,000 GST exclusive as a way to […]

What is Cash Flow? Cash flow refers to the movement of money in your business, flowing in from revenue streams such as sales and flowing out through payments for expenses and asset purchases.

I believe is that there is a resilient group of entrepreneurs who are rethinking the way business is done, questioning old assumptions and pivoting and transforming their businesses to service a new era of consumers. 

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.