State owned assets

Mixing up state owned assets The budget introduces the Future Investment Fund as a holding tank for the expected proceeds (between 5 and 7 billion) from the sale of up to 49% of shares in Air New Zealand and four state owned enterprises under the controversial mixed ownership model. The Future Investment Fund will pump…

Mixed Use Assets being targeted

In a bid to save $109m over four years, the government has once again targeted mixed use assets. If you own a bach, a boat or an aircraft that you sometimes rent out then you’ll now be required to apportion deductions based on actual income earned and private use of the asset, instead of based…

The 2012 Budget!

Surprise, surprise – we’re in the red! The world is yet to recover from its prolonged financial crisis but our government is really getting the hang of this scrimping and saving business, walking that fine line between cost cutting and stimulating growth. With the goal tattooed on Bill English’s forehead: returning to surplus by 2014/2015…

How optimistic are you?

There’s no doubt recent times have seen the tightening of belts and an abundance of no.8 wire mentality.  We’re working smarter; however the world isn’t out of the economic danger zone yet.  It’s likely to be a marathon, but kiwis are fit for the task – equipped with a positive attitude and sensible running shoes.…

RWC – Economic boon for New Zealand

If you rented out your property for the RWC there may be tax implications to consider.  If you are unsure how the RWC effects your tax and accounts please feel free to give Ezi Accounts a call to assist with your accounting service.  We can give you a fixed price quote and guarantee a 15…