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Although retirement villages can be profitable, this study has revealed it can take more than 20 years before an owner of an average village fully recovers their investment. It explores the commonly held belief about the retirement village business model disproportionately benefiting operators financially. The path to profitability: Separating fact from fiction in New Zealand’s retirement village sector, is based on a discounted cashflow financial model of two retirement villages that represent a cross section of the sector: Rural villas in Canterbury and urban apartments in Auckland. It covers a 25-year period comprising the key stages of a retirement village development from sourcing land and construction, to project completion and revenue generation. It then takes into account the sector-specific sensitivities that impact a village’s profitability, some of which include occupancy lags, ORA (occupation right agreement) sale prices and construction costs.

Our tax and industry experts have cut through the noise to focus on the most significant announcements in Budget 2025, and reveal what they mean for your business.

Changes in the economic and fiscal policy priorities of the U.S. government together with the international response could have a significant, wide-ranging economic impact on entities in New Zealand, both directly and indirectly. These factors could trigger the need for responses in your accounting and financial reporting, including disclosures.

Inland Revenue has just released a draft operational statement (ED0265) about the income tax treatment of transactions between not-for-profit associations (Mutual Associations) and their members.

Inland Revenue has issued an open submission to reduce the complexity of compliance with fringe benefits tax (FBT) - a welcome move toward modernising the regime and addressing long-standing complexity, particularly around motor vehicles and minor benefits.

Reporting changes have been introduced for not-for-profits (NFPs) reporting under the Tier 3 and Tier 4 frameworks, and are effective for periods beginning on or after 1 April 2024 for the year ending 31 March onwards.

Only 5% of businesses have cyber insurance, even though everyone is at risk of a cyberattack – and the cost of an incident can sink your entire organisation.

A consultation paper released by IRD is a reminder that charities and NFPs need to think hard about tax compliance to ensure they get it right. Because they often don’t pay income tax, those managing NFPs often see tax as less of a priority than their private sector equivalents.

You’ve been working hard your whole life, and you’ve built up assets that are worth protecting: a profitable business, a portfolio of investments, and a good reputation. But, can you turn that success into generational wealth?

For 21 years, we’ve tracked the proportion of women occupying senior management roles in mid-market companies around the world. The last five years have seen sustained growth on this key measure and, as a result, we now expect parity to be reached in 2051.

Diversity in all its forms benefits businesses, driving innovation, fresh perspectives, and new growth opportunities. In today’s fast-paced global market, a broad range of viewpoints helps businesses better analyse challenges and adapt to change. Likewise, diversity is essential for attracting both top talent and clients.

As 31 March 2025 approaches, it’s time for most businesses across New Zealand to get their financials in order – an often time consuming and stressful task. Whether you’re a small business owner or running a larger operation, with a bit of planning, you can wrap up the financial year smoothly and set yourself up for success in the next one.

Important notice for Cryptopia account holders to register claims before the soft cut off date

New Zealand residents pay tax in Aotearoa on world-wide income. Simple enough. But what about people who only live here sometimes, or intend to move to another country?

The External Reporting Board (‘XRB’) has recently published a new standard, NZ IFRS 18 ‘Presentation and Disclosure in Financial Statements’. It replaces NZ IAS 1 ‘Presentation of Financial Statements’ and will impact every reporting entity currently reporting under New Zealand equivalents to International Financial Reporting Standards.

Prevention is better than cure: That’s Inland Revenue’s perspective on tax compliance for multinationals. It wants to make compliance easy and non-compliance difficult, by helping customers early, providing clear guidance and keeping costs down.