Latest News / Features

Latest News / Features

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  • Thursday June 10

    Team member of the month - Gopal Jee Jha

    Team member of the month - Gopal Jee Jha   Gopal Jee Jha is one of our superstar Client Managers at MCI’s Dannevirke practice.    Gopal has been an accountant in New Zealand since April 2018, working in the South Island. He moved to Dannevirke and joined the MCI team as a Client Manager at the beginning of last year.…

  • Thursday June 10

    The Mirok Farms effect

    North India and Pahiatua are worlds apart, but two brothers have managed to bridge them, becoming the 2021 New Zealand Share Farmers of the Year.  Manoj Kumar and Sumit Kamboj grew up on their family’s cropping farm in North India, two hours drive from Delhi, which also includes around ten dairy cows.    Manoj finished his agricultural studies in India…

  • Thursday June 10

    Our recent webinars

    Our recent webinars   Here at MCI we have started a Advisory webinar series.  Sean Stafford presented a webinar on Redefining Succession to Transition. Sean spoke about the importance of communication within the family unit well in advance of a family succession taking place. View the recording here.   

  • Thursday June 10

    Supply shortages

    Supply shortages    COVID-19 has fundamentally disrupted global trade to the point there are a number of product shortages starting to play out, and in some cases of some surprising items:    The shipping containers themselves: With only two makers of shipping containers globally and containers being trapped in the congestion at ports, there is now a shortage of containers,…

  • Thursday June 10

    Fair market salary reminder

    Fair market salary reminder   There is a general need for a business to pay associated employees a fair market salary for their personal service. Given the implementation of a 39% personal marginal income tax rate on income over $180,000 from 1 April 2021, Inland Revenue’s scrutiny of such salaries is expected to increase.    This has been confirmed through…

  • Thursday June 10

    Defining repairs and maintenance

    Defining Repairs & Maintenance   Classifying expenditure as either deductible repairs and maintenance (R&M) or non-deductible capital expenditure is not clear cut. It is a question of fact and no two situations are the same. But it is advantageous from a tax perspective to classify as much expenditure as possible as R&M, which gives rise to the risk of pushing ‘the line’ too…

  • Thursday June 10

    Employment recovery

    Over a year on from NZ’s level four lockdown, businesses and communities alike have experienced their fair share of highs and lows. Employment levels slumped to an eight year low in September 2020, with over 150,000 unemployed people. So nearly six months on, how does the job market stack up now?   Statistics released by Seek NZ reveal that March 2021 saw the highest…

  • Thursday June 10

    Government addresses housing affordability

    On the 23rd March 2021 the Government announced that it would make a number of changes to the taxation of residential property to address housing affordability. Legislation has been enacted implementing some of the announced changes, whilst the balance are to be consulted upon before further legislation is drafted.  Legislated changes The bright-line test taxes the sale of residential property if it is sold…

  • Wednesday April 14

    Mirok Farms: Dairy Industry Award Regional Winners

    Manoj Kumar & Sumit Kamboj took out the title of Hawkes Bay/Wairarapa Share Farming of the Year at the recent Dairy Industry Awards. They also happen to be a client of MCI’s Associate Principal, Aaron Karena.   Mirok Farm operates two 50/50 Sharemilking operations - Chessfield and Kakariki in the Tararua region. They work more than 260ha of land, with 745 cows. Both of these…

  • Tuesday March 30

    Government changes to rental property

    Last week, the Minister of Finance Grant Robertson, announced proposed changes for residential property acquired by investors. While it was no surprise around the announcement of the changes, no one really expected how quick the new changes would come into play.  While the announcements were mostly positive from a first home buyers perspective, there were two changes made that affect…

  • Thursday December 17

    By the Numbers Newsletter - June 2018

    By the Numbers Newsletter - June 2018

  • Thursday December 17

    By the Numbers Newsletter - October 2018

    By the Numbers Newsletter - October 2018

  • Thursday December 17

    By the Numbers Newsletter - February 2019

    By the Numbers Newsletter - February 2019

  • Thursday December 17

    By the Numbers Newsletter - June 2019

    By the Numbers Newsletter - June 2019

  • Thursday December 17

    By the Numbers Newsletter - September 2019

    By the Numbers Newsletter - September 2019

  • Thursday December 17

    By the Numbers Newsletter - December 2019

    By the Numbers Newsletter - December 2019

  • Thursday December 17

    By the Numbers Newsletter - March 2020

    By the Numbers Newsletter - March 2020

  • Thursday December 17

    By the Numbers Newsletter - August 2020

    By the Numbers Newsletter - August 2020 

  • Wednesday October 14

    TFOY - Sheep & Beef Business of the Year Farm Visit

    Please click here to view the flyer. 

  • Friday August 28

    Experienced Accountant

    Please click here to see the Experienced Accountant advertisement.