Why leave a ton of hard-earned cash in the IRD's hip pocket by choosing the WRONG accountant -- maximise your rental property PROFITS and minimise your TAX LIABILITIES with the help of a specialist NZ property accountant
"Your profitability as a property investor hinges largely on
the expertise of your accountant - that's why professional guidance
and mentoring from a specialist NZ property accountant is so
essential!"
| A professional business relationship with a qualified NZ property accountant experienced in LAQC formation, property partnerships, tax minimisation and property investment planning is vital if you're serious about maximising your long-term net profitability as a property investor. |
Property accounting in New Zealand is a very specialised area of expertise. Understandably, not all accountants or book-keepers are conversant with the latest in IRD investment property policies, chattels depreciation rates, LAQC and partnership structure, or property planning guidelines.
Time and time again, property investors have found themselves inadvertently missing out on thousands of dollars in IRD refund entitlements that their own accountants have failed to claim on their behalf.
Don't let this happen to YOU!
Choose from our NZ
property accountant panel
As a valued client of Compass Property Investments you'll have direct access to some of the biggest names in property accounting in Auckland. But that doesn't automatically mean you're going to be paying a small fortune for the privilege!
In fact, you'll end up SAVING TIME AND MONEY by selecting one of the highly qualified property accountants from our specialist panel.
What to expect from your
meeting with the accountant?
Typically, at your first meeting you'll spend 30 - 45 minutes listening and learning about all the various financial, accounting, company structure and tax issues associated with investment property ownership.
Even if you're a raw "newbie" when it comes to dealing with accountants, you'll come out with a wealth of knowledge by the end of this first meeting.
LAQC, Partnership
or Joint Names?
The ideal entity or legal structure with which you should purchase your investment property is a decision that should be left up to your accountant. There are far too many factors involved to "second guess" what the RIGHT ownership structure should be.
However, in accordance with current IRD legislation - particularly if one of you is in the top tax bracket - it is more than likely your accountant will suggest the formation of an LAQC (Loss Attributing Qualifying Company).
How to pre-prepare for your
accountant
If an LAQC is the preferred property ownership vehicle, it'll need a company name. Think of at least three prospective names, then list them in descending order, with your most preferred name at the top.
Email or telephone this list through to your property accountant two to three days prior to your meeting. This will allow him or her to complete a company name search and begin forming your LAQC immediately.