Salesh Chand Blog
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Over the last few years, landlords have faced a number of challenges that impact their ability to properly maintain their rental properties and meet their financial obligations. Like any other business owner, as a property investor it’s important that you adapt to market changes and..
Read ArticleProperty investment has long been a tried and tested means of building wealth for retirement. Even in the current environment (with tax rules targeting property investment, tough borrowing criteria, rising interest rates, and a property market that is cooling in many areas), knowledgeable investors are..
Read ArticleAn October 2022 Stuff article revealed that the Tenancy Tribunal has been ordering landlords to lower the rent on their properties. As I see it, this is worrying evidence of unnecessary interference and creeping socialism, and it must be stopped.In his book The Theory of..
Read ArticleBackground Over 80% of start-up businesses fail in the first five years. One of the tasks accountants in public practice deal with is assisting clients when this occurs. Liquidation is the insolvency process related to companies and formally deals with those going through this..
Read ArticleWith new tax rules for residential rental properties and stricter regulations for the banks, the market is a different beast for property investors to deal with compared to what it was 6-12 months ago. Here are my observations:Credit is tight. The banks have new rules that..
Read ArticleFollowing on form my previous Covid Support blog, there are a couple of Covid-related government support updates you should know about. Wage SubsidyThe Government have announced a second wage subsidy, called the Wage Subsidy August 2021 #2. 1. Applications are open from 3-16 September 2021.2. If you applied for the first..
Read ArticleThe bad news is that we find ourselves in Level 4 once again. The good news is that there is plenty of support available if your business is negatively impacted due to the lockdown. First and foremost, however, we hope you and your family are safe..
Read ArticleThe tax changes recently announced by the Labour Government have left many property investors feeling unsettled. So I thought it would be helpful to discuss the current property market, the impact of the rules, and what you should be doing to manage this new environment. The..
Read ArticleIn this blog I share my current property investing strategy (as at August 2020), because there is a window of opportunity for investors that is likely to close soon. I outline the main points below. Finance At present, some banks are lending 80% on investment properties, which..
Read ArticleTestimonials
This letter is to express my appreciation for the assistance and encouragement of both Anthony Lipscombe and particularly John Heaslip over the last financial year. The period since activating my trading trust has been one of considerable stress, as well as personal development, as I embarked on this as a relative business neophyte with virtually no awareness of the contemporary requirements of running a business, particularly the financial records aspect. During much of this period I have therefore felt considerable out of my depth. However I have been lucky enough to have had the benefit of the advice and support of John Heaslip in rationalizing what was a fairly chaotic set of records of the first year property trading. I am able to say that John in particular, has been unstinting in his attention to my needs and has done so in a manner which has never alluded to my extremely rudimentary grasp of managing a business, or even of being unable to set out a spread sheet properly. The result of the above guidance is that now, although my trading trust would still not be able to operate without the advice of GRA, I do least feel a sense of satisfaction that I have got to my present point without major disaster and that my property trust does now have some kind of firmer basis for any future activities - Name withheld by request
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.
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