Kocks & Co is very experienced and more than capable of preparing Rental Property sets of annual accounts, without the high price tag.
$200 per property is all it will cost.
For those who own one or many rental properties, you’ll need to comply with the IRD requirement and file an annual return for each of these along with your annual income tax return.
Is it an improvement or is it a repair?
There can be some ‘grey areas’ understanding what can be claimed as a rental expense and what can’t.
Making mistakes in these ‘grey areas’ can have implications either decreasing the rental income in real terms, the IRD asking too many ‘other’ questions, or your personal income tax payable, may not be accurate.
It is best to err on the side of caution and use those who know what the IRD considers a valid expense and what it doesn’t.
For $200 per property
Kocks & Co with their no frills approach, will ensure your business meets IRD compliance.
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For instance many people may not realise that the interest paid on money borrowed to finance the property, is deductable, and they may not know the correct formula for calculating this.
And as for depreciation schedules, can the building be depreciated?
To take the first step in turning your rental property accounting pain, into blissful pleasure, come to Kocks & Co, by
.