Georgie Sohos - Chartered Accountant, Tax & Business Advisor

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Georgie Sohos - Chartered Accountant, Tax & Business Advisor Chartered Accounting Services: Financial Accounts, Taxation, GST, Payroll, Accounting software Setup

EOFY is Almost Here — Is Your Tax Strategy Ready? 📊As we approach the end of the financial year, now is the time to make...
23/02/2026

EOFY is Almost Here — Is Your Tax Strategy Ready? 📊

As we approach the end of the financial year, now is the time to make sure you’re not paying more tax than you need to.

Whether you're a small business owner or sole trader, proactive planning before 31st March can make a real difference to your business and next financial year.
✔️ Maximise deductions
✔️ Utilise Accounting Software
✔️ Asset write-offs
✔️ Tax minimisation strategies

Don’t leave it until the last minute — smart EOFY planning happens before the deadline.

If you’d like tailored advice and a clear plan heading into the new financial year, I’m currently taking on a limited number of new clients.
📩 Send me a message to book a consultation.

Let’s finish this financial year strong and start the next one even stronger.

KIWISAVER CHANGES 1 APRIL 2026The NZ Government’s increasing the default contribution KiwiSaver rates for employees and ...
09/02/2026

KIWISAVER CHANGES 1 APRIL 2026

The NZ Government’s increasing the default contribution KiwiSaver rates for employees and employers to 3.5% (from 3%).

You can apply at IRD for a temporary rate reduction for a 3 month to 12 month period. This could be because you can’t afford the rate increase or want to save in other ways.

Next increase is to 4% on 1st April 2028.

16/07/2024

Inland Revenue will focus on collecting debt and improving compliance in the tax debt and tax system.

IR has recently confirmed that the 2024–2025 financial year will target the following:

• the hidden economy and organised crime;
• electronic sales suppression tools;
• GST integrity;
• student loan overseas-based borrowers; and,
• increased audit activity.

IR are also changing the way they collect overdue debt. Aside from the normal warning letters and monthly statements, IR will be using direct contact campaigns, including telephone calls and SMS messaging. This will not affect those with debt less than 6 months old or have debt under current negotiations or under installment plans.

The trust tax rate changed from 33% to 39% from the 1st April 2024. If you have a trust, it is advisable next time you l...
26/06/2024

The trust tax rate changed from 33% to 39% from the 1st April 2024.

If you have a trust, it is advisable next time you log into your internet banking you go to your settings and check the bank has set the trust tax rate at 39 cents for the RWT tax rate.

Some banks changed the default rate automatically but best to check.

If you find the rate is set at 45% you will need to enter the IRD number.

Tax relief to tackle ‘prolonged cost-of-living crisis’Tax relief in the Budget 2024 will let New Zealanders keep more of...
30/05/2024

Tax relief to tackle ‘prolonged cost-of-living crisis’

Tax relief in the Budget 2024 will let New Zealanders keep more of what they earn.

Households will benefit by $60-$78 per fortnight on average.

The tax changes apply from 31 July 2024, apart from FamilyBoost which applies from 1 July 2024.

Increasing personal income tax thresholds reduces income tax for people earning more than $14,000 per annum.

Extending the income limit for the independent earner tax credit to $70,000 per annum means if you earn between 24k-70k (not receiving Working for Families, main benefits or Superannuation) you are eligible for up to $20 per fortnight.

Increasing the in-work tax credit means an estimated 160,000 low-to-middle-income working families will get up to $50 extra per fortnight.

The new FamilyBoost payment will help eligible families with the costs of early childhood education, by up to $150 per fortnight.

Govt proposed FamilyBoost....FamilyBoost will be a new childcare payment made to families with young children to help wi...
01/05/2024

Govt proposed FamilyBoost....
FamilyBoost will be a new childcare payment made to families with young children to help with the rising costs of early childhood education (ECE). This would be a maximum weekly refund of up to $75. Further details will be released as part of the Budget 2024 announcements on 30 May.
The FAMILYBOOST – QUESTIONS AND ANSWERS document details eligibility and how to apply. If you want a copy email me and I'll send it to you. [email protected]

01/05/2024

In case you missed it! It's a done deal!

*Trustee Tax Rate Increased To 39%
*Bright-line Test returns to 2 Years - Repealing the current 10 and 5-year bright-line tests for disposals of residential land from 1 July 2024
*Ability to claim interest deductions for residential investment properties (80% 2025; 100% 2026)

DON'T FORGET: Minimum wage is increasing on 1 April. The details of the increase are:Adult minimum wage will go up from ...
28/03/2024

DON'T FORGET: Minimum wage is increasing on 1 April. The details of the increase are:
Adult minimum wage will go up from $22.70 to $23.15 per hour.
Starting-out and training minimum wage will go up from $18.16 to $18.52 per hour.

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