Key News and Insights
We are told the bank of Mum and Dad is now the largest bank in NZ. At face value, this seemingly generous act would appear to be a silver bullet for those who are fortunate enough to be in a position to help their offspring. However, it can be fraught with issues.
Read MoreGovernments around the world have been creating a web of information, shared throughout the OECD and beyond. From anti-money laundering (AML), to FATCA and Common Reporting Standards (CRS), the amount of information collected and stored in relation to Trusts and individuals has been mounting.
Read MoreBudget 2022 aims to ensure economic and social security for generations to come, by investing in the infrastructure alongside the largest investment in the health system to date. Climate action and lifting more children from poverty, building more houses, encouraging education, upskilling, and delivering higher-wage jobs to drive productivity feature also.
Read MoreIn a tax year where fairness and equity in our property tax system was seemingly sacrificed, it is as important as ever to go into the new year with a clear picture of what lies ahead on the tax front.
Read MoreNew support is being made available to businesses struggling with revenue during the Omicron outbreak. Take a look at the detail in the link below or talk to us about eligibility for your business.
Read MoreWay back in 1866 NZ introduced death duties. When we had death duties an exemption was provided for the family home and the first $450,000 of wealth the individual held. Beyond that, every dollar of wealth was taxed at 40% payable in cash on death.
Read MoreBy now, the shock of the Government’s unprecedented and unheralded move to phase out the deductibility of interest for residential investors will be beginning to sink in.
Read MoreIn this article we take a look at some of the issues that therefore have to be navigated when shareholdings in companies are moved from individuals to Trusts.
Read MoreWe have been genuinely surprised recently by the number of Baby Boomers who are seemingly considering winding their trusts up as they move into retirement.
Read MoreLevel 3 Office access in COVID-19, We’re here to help and support you, Tax Updates, Recession Suggestions for Property Investors and Business People . . . Think Cashflow, Cashflow, Cashflow with Withers Tsang
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“I have always been on my own and wanted to be secure in my retirement years and enjoy things like travel. Fortunately I have been a good saver and worked hard to pay down my mortgages. I have done this under the guidance of Withers Tsang who have given me confidence to achieve these goals. What has made it so special is the warm relationship I have with my accountant. He is like a friend who is always available if I need advice and supports me with encouragement. ”
