It's Monday 18 June, 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 ... 18 JUNE 2018
The percentage of children who cycle to school in Christchurch:
Mum and Dad are too precious to let them cycle!
Yet another rugby test match where the topic again wasn't about the rugby, just the bloody referee's decision.
Wow! New research shows that 22% of New Zealanders have decided they will never be able to live in a home they own themselves.
The Tax Working Group is widely expected to recommend a broad-based capital gains tax in September. With the Brightline Test for property now at 5 years, I suspect that shares are the next investment on the agenda. Watch this space!
QUESTION OF THE WEEK ... 18 JUNE 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.