It's Monday 16 July, we are all sitting at our desks ready to "attack" the week.
But, the first thing you need to know about us is that we are really good at our job, the second is that this website is updated weekly, yes weekly, and the third, it's you, the client, the very reason why we come to work, to support you.
"With our passion and purpose you will profit." As the Ace above suggests ... we just love what we do!
BIGGER BEANS & BETTER RESULTS AWAIT
Everything we do is targeted at making your accounting easier by condensing bundles of information into simple strategies to get you ahead.
But getting ahead and reaching your financial ambitions can't be achieved by just doing your end accounts and tax returns, touching base with you frequently or getting together regularly will.
We will surprise you with what we know and what advice and ideas we can offer.
WEEKLY UPDATE ... 16 JULY 2018
Of every $100 that Kiwi households spend on food, about $26 goes on takeaways and eating out! Where do you fit in?
Why does New Zealand have so many $2 shops? Apparently, it is due to New Zealand employers having a bias against employing immigrants, so our immigrants are looking at these small businesses and obtain the necessary application points this way.
Finally, we are going to see some action with the Christchurch Metro Sports Facility. Due to be completed by late 2021, that's 10 years after the earthquake - ridiculous, it's already cost $75 million to date and nothing to show - bloody ridiculous!
Hope you all saw the documentary on TV on "Sunday" on our plastic waste, it's goodbye plastic!
QUESTION OF THE WEEK ... 16 JULY 2018
Our client is a spin (bike) instructor who worked in a gym. In 2017, she incurred several expenses of physio treatment and marathon entry fees. Are these allowed for deduction with personal adjustment?
ANSWER: The marathon entry fees are of a personal nature and not deductible for tax. If the physio treatment is as a result of injury while working and not covered by ACC, then the costs are associated with the earning of income and should be tax deductible.