Don’t Forget Stock Takes and Write-Offs
For the majority of taxpayers, 31st March represents the end of the tax year. There’s things you can do before the end of the financial year to help minimise your next tax bill and tidy up the books ready for a new year.
Stock Take
IRD requires that stock on hand …
Do You Need a Contingency Plan For Property Investment?
The government is extending the bright line test for property so that residential properties will be taxed on any gains, if they’re sold within five years of purchase (instead of the current two years). The extension will apply to residential investment properties purchased from the date on which the bill …