New rules on claiming expenses for mixed-used assets such as holiday homes (assets being used both privately and for earning income) have been passed in to law, and apply from 1 April 2013.
We have read a couple of articles that may have some impact on rental property investors
Institute of Directors presents Lunch function with guest speaker Joe Ferraby - Blenheim Friday 28 February 12:00 PM - 1:30 PM Chateau Marlborough, Quench Restaurant, Cnr High and Henry Streets, Blenheim Members: $40.00 Non-members: $50.00
During June last year MYOB purchased BankLink, a software company that based its business on the collection of data from banks etc, transferring this to computer based accounting systems so that this information did not have to be entered manually. This information can now automatically feed into MYOB’s cloud based accounting systems.
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In our previous article we spoke about setting a Big Hairy Audacious Goal (BHAG) for your business. We identified that in order to achieve your goals you owe it to yourself to be spending more time on the business, and less time in the business.
At this time of year, many of our clients have children going back to university and those children are applying for student allowances.
The supply of residential accommodation in a dwelling is exempt from GST.
Good news from the IRD, ACC levies are dropping.
In December 2012 the IRD issued a statement about the tax treatment of accommodation being provided for employees.