Keeper Of Books: Out With The Old, In With The New

The old Traditional bookkeeping once involved tedious, manual, data entry, stuck behind the computer. Transactions were typed in one digit at a time, and bank reconciliations typically only happened once the paper statement was received or downloaded from an online banking platform. Paperwork needs to be filed and stored for seven years, and physical copies […]

Richard AshbyPartner, Gilligan Sheppard

A Week in Review

Depreciation on commercial buildings  The passing of the Covid-19 Response (Taxation and Social Assistance Urgent Measures) Act 2020 (the Amendment Act) re-introduced the entitlement for owners of commercial buildings to claim depreciation on the building itself. Apparently, however, there has been some confusion as to the effective date of the legislative change, and in case […]

Richard AshbyPartner, Gilligan Sheppard

“They Saved My Business Career.”

Our relationship with Gilligan Sheppard began 20 years ago, when my brother Paul and I had a very successful business called Ballantyne Directories. Ballantyne Directories was a Yellow Pages advertising agency with a multi-million-dollar turnover, designing and placing ads for over 500 clients throughout New Zealand. So, what led us to engage with Gilligan Sheppard? […]

Richard AshbyPartner, Gilligan Sheppard

The Three C’s

For those of you who attended our recent event on business growth, you would have heard Liam Forde from ‘The Zone’ talk about the role of human engagement in successful business execution, and the tools essential to optimise that. I was introduced to Liam by a mutual friend over 20 years ago, that’s two decades of conversations with […]

Richard AshbyPartner, Gilligan Sheppard

A Week in Review

Commercial accommodation expense apportionment  With last week’s AWIR solely focussed on residential accommodation (interest limitation proposals), let’s begin this week’s AWIR looking in the other direction – accommodation more of the commercial type – hotel, motel or boarding houses – and apportioning expenditure when the operator of the accommodation also lives on site.  The topic is […]

Richard AshbyPartner, Gilligan Sheppard

A Week in Review

Registering for GST under section 54B This week’s AWIR is dedicated solely to GST, as well as two interpretation statements, one finalised and one released in draft form, the latter of which covers a critical element of the former. The finalised interpretation statement is IS 21/03 GST – Registration of non-residents under section 54B. Section […]

Richard AshbyPartner, Gilligan Sheppard

A Week in Review

Limited partnership an ‘overseas person’? The Overseas Investment Amendment Act 2021 (No 17 of 2021) received the Royal assent on 24 May 2021. It is the second of two omnibus bills introduced in 2020 to amend the Overseas Investment Act 2005. The bills have come from the Government’s Phase Two Reform of the Overseas Investment […]

Richard AshbyPartner, Gilligan Sheppard