Property & construction

Property & construction

Baker Tilly Staples Rodway has a number of staff in each office with significant experience and expertise in the property and construction industry which covers all accounting disciplines and involves businesses of all sizes. We also provide specialist advice and present to numerous industry groups such as Property Council of New Zealand and New Zealand Planning Institute.

Business Advisory

  • Board of Directors representation
  • Pre purchase due diligence exercises
  • Job Costing and Management Reporting System reviews
  • Business valuations
  • Evaluation of debt and equity funding for property developments
  • Evaluation and opinions in relation to options, land swaps and other non-cash transactions

Compliance

  • Preparation of IFRS and FRS statutory financial statements and income tax returns
  • Preparation of all indirect tax returns including GST, FBT, PAYE, RWT, NRWT, etc.
  • Cashflow budgeting and variance analysis
  • Management of commercial premises including rent collection and outgoing recovery
  • Structuring of syndicated property offerings
  • Establishment of cooperative structures

Audit

  • Construction Companies
  • Consulting Engineers
  • NZX Listed Property Funds
  • Property Syndicates
  • In-depth understanding of financial reporting (including disclosure) requirements relating to the sector
  • We also have experience providing opinions on prospective financial information relating to NZX listings and group amalgamations

Taxation

  • Providing updates on legislative changes

  • Tax efficient structuring of operations including inbound and outbound investment structures

  • Opinions relating to specific property transactions

  • Lease inducements and fit out

  • Tax planning specific to property clients

  • Review and preparation of tax returns for entities of all sizes, from large multinational entities to locally owned and operating companies and franchises

Baker Tilly Staples Rodway contributes business matters articles to every issue of Build Magazine, the Building Industry Specialist Magazine.

 

Services

News

20 Oct 2021

Six strategic tools every builder needs in their toolbox

There’s no denying these are unusual times to be in construction. Residential building consents are at a record high, meaning plenty of work to go around, but materials and skills shortages (and now, rising interest rates) mean workflows and cashflows are harder to manage than ever.

29 Sep 2021

Tax Talk | Interest Deductibility Rules Announced

More than six months after the government announced interest deductibility limitations for residential properties and a mere three days before these rules would come into force for residential rental properties owned prior to 27 March 2021, the government has released the new legislation in the form of a Supplementary Order…

23 Mar 2021

Tax Talk | The war on landlords continues

The government has announced a suite of changes intended to fix the housing market, and in particular, try to curb the significant house price increases seen over the last year.

25 Feb 2021

Construction industry future looking confident for 2021

Listening to business leaders over the past few months, the general outlook for 2021 is: despite the challenges, including Auckland’s February lockdown, we should count ourselves lucky.

23 Jun 2020

Strategies to survive a downturn

As we all know, there is significant global economic uncertainty as countries deal with COVID-19, and the steps taken to control it. Most countries are expecting to enter recession, if they are not in one already.

18 Sep 2019

Commercial property: not for the faint-hearted

With the official cash rate at record lows, residential growth sluggish and eighty per cent of 2019’s NBR Rich List Top 20 having made their money in bricks and mortar, many clients are looking seriously toward commercial property as a place to invest.

18 Sep 2019

Property as part of a diversified portfolio

Unless you have only invested in term deposits, you have probably had some experience or knowledge that most non-bank investments provide higher returns over time with the trade-off being occasional swings in value. The degree of variation depends on the type and mix of your investments.

18 Sep 2019

Signature Homes: Building a winning business

Geoff Mockett and Dustine Palmer have learnt several lessons from their many years in business, but the most valuable has resulted in them being a multi-award-winning Signature Homes franchise, ranked as the region’s leading home builder1.

18 Sep 2019

Residential rental losses now restricted

As forewarned in our previous tax publications, the government has now passed the law which will restrict the use of losses from residential property. These rules take effect from 1 April 2019, so apply from the current tax year.

18 Sep 2019

Tax pitfalls: Airbnb, boarders and short-stays

With tightening rules on residential tenancies, people making greater use of flatmates and boarders to help pay the mortgage and the rise of apps such as Airbnb, it was only a matter of time before people would start querying their income tax and GST obligations around property that had previously…

18 Sep 2019

Non-resident directors' fees & withholding

Many New Zealand companies have non-resident directors, and the taxation of payments to these directors has, historically, not been clear.

12 Sep 2019

Property Investment: the fundamentals

As accountants, we are often asked by clients whether they should invest in property. Over the last two years, this question has come up more regularly as people come to grips with a low interest rate environment and the difficulty of achieving a reasonable return on financial investments.

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