Taxing Digital Assets / Ep 165 / Craig MacGregor
Taxoshi is a new tool that everyday investors can use to make tax time just a little bit easier with respect to their cryptocurrency holdings.
Myth one: You don’t have to pay tax on your digital assets – busted
Myth two: You pay tax on gains, but cannot offset any losses – busted
Myth three: It’s too complicated to pay tax on digital assets – busted
Giving to Caesar, what is due to Caesar, can be rather tough.
Perhaps, some attracted to investing in digital assets like Bitcoin are attracted as it’s ‘outside the system’ characteristics.
Added to this dilemma has been that the tax rules are a bit ambiguous and likely need time to be fine-tuned. Last year the IRD requested information from crypto on-ramps like Easy Crypto, “so we can work out how best to help taxpayers meet their income tax obligations”
So, paying tax on something outside the matrix is not natural impulse for some (I’d like to suggest you need to make this natural fyi!), the rules are clearer, but still could do with further refinement, and the last issue is that technically, it’s a bit hard to collect the information required for tax compliance.
Introducing Taxoshi – something that’s going to make compliance with tax so much easier. Craig MacGregor, the founder of Taxoshi, is my guest today.
We only talk about tax 20% of the time don’t worry!
Three things for further investigation today:
- Visit taxoshi.com to use the service, input NZEI into the checkout to get a 10% discount.
- Check out the guidance note issued by the IRD on this topic
- I recommend Easy Crypto for any Crypto buyer based in NZ (as mentioned in this show)
Wellington’s Not-So Secret Ramen Popup
Welcome again to the Kiwi Foodcast. Today on the show we have Kevin Ngadisastra, one half of the duo behind the Popup that has been taking Wellington by storm, Townhouse Ramen. Kevin’s ramen journey began in 2016 with a trip to Japan. But he is actually a systems analyst by day and not a chef! How did Kevin’s love affair with ramen begin? Can you run a successful food business if you also work full time? How can YOU score a seat at one of his pop ups? Let’s chat to him and find out!
Listen to the Podcast Here:
Favourite Quotes:
“I wanted to name the popup Kevin Ramen at the time, but my partner wasn’t too fond of the idea”.
“We use an app to export our comments on Instagram into our spreadsheet. I then wrote some code that would choose the people we invite to the popup. It’s a bit nerdy, but I love my spreadsheets! It was a way of managing all the demand”.
“There is not really a day that goes by when I don’t think about ramen. Making ramen from scratch is a lot of work. The broth can take anywhere from eight to sixteen hours, the eggs take three days to marinate, and the noodles take ages too. It’s definitely a labour of love”.
Green, keen and clean: EcoStore’s Tony Morpeth
EcoStore’s Tony Morpeth has been making environmentally friendly household cleaners for more than 20 years. Back then he was a pioneer, working for Stephen Tindall and then Malcolm Rands. Now his products are in pretty much every supermarket, from here to New York. So what goes into an eco-cleaner, and what stays out? And how can EcoStore can stay ahead of the competition and keep driving to green, but very clean world?
Plant & Mineral-Based Home, Body and Baby Care | ecostore NZ
Hear the Podcast Here:
News of the Money-World/ Ep 9 / Home-Buying-Bubble-Conundrum
Welcome to a short fortnightly series in addition to the weekly show. In partnership with Koura Wealth, your digital KiwiSaver provider, The NZ Everyday Investor is proud to present, News of The Money-World, a show about what’s happening in the finance world and how that affects you, the everyday Kiwi.
Canada, Sweden, and New Zealand – we’re in the top 3 here for all the wrong reasons.
So many ways to look at this – but let’s say New Zealand Inc traded on the NYSE…relative to many other ‘stock’s ‘, the theory goes, we’re a little over valued.
So what caused it, what’s now being used to treat it, will it work, and what shall we home-buyers do while they wait for the market’s health to stabilise?
Like what you’ve heard?
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NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!
Please ensure that you act independently from any of the content provided in these episodes – it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives.
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Where to find Darcy Ungaro:
Ungaro &Co (authorised) financial advisers
Want to chat, then you can schedule in a free 15 min conversation just click on this link
You really should subscribe to our newsletter to ensure you are receiving the latest updates if you’re a fan of the show.
Stefan Powell – Dawn Aerospace NZ
Paul Spain sits down with Stefan Powell of Dawn Aerospace to learn a little of what it takes to establish a new space startup in New Zealand. Stefan delves into a wide range of topics including the Aurora Spaceplane.
Special thanks to organisations who support innovation and tech leadership in New Zealand by partnering with NZ Tech Podcast:
Datacom
Palo Alto Networks
Umbrellar Connect
Vodafone NZ
HP
Spark NZ
Vocus
Gorilla Cyber Security
The Insider: Pippa Coom on the gap between Auckland’s climate words and actions
Pippa Coom is a rare Auckland Councillor who is championing climate change action and a faster shift to active transport. So how does she rate the council’s actions on transport, buildings, and climate justice? And what’s it like to be an activist on the city’s front bench? Pippa is deputy chair of the Auckland Sustainability and Climate Change Committee and co-chair of the Hauraki Gulf Forum.
Before entering politics, she was a lawyer with Vector Energy and a community organiser of sustainability events, including Frocks on Bikes.
Hear the Podcast Here:
How We Did It / Episode 163
Stephven, Donna, Ricky Bobby, and Texas Ranger – a normal Auckland family, who are anything but average. Today’s show is about how THEY did it. How they got onto a track which they now believe will place them exactly where they need to be at time of retirement.
Financially conservative people often seek comfort in a spreadsheet which soon becomes their master, eventually resulting in in-action. Risk takers on the other hand, have no issues with taking action, but could often do far better with a little more planning. Once again, the solution isn’t in the investment, it’s within the investor.
In this episode, hopefully you’ll see the importance of receiving advice – more important to just receiving this advice however, is the need to ensure the advice can turn what may be considered a weakness, into a strength.
In the episode, I suggested one of the ways you could locate an adviser for your needs would be to visit Financial Advice NZ for a comprehensive list that doesn’t discriminate around areas of speciality or remuneration models.
If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link
The NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let’s you become a shareholder in the world’s biggest companies and funds. We’re talking about Apple and Zoom, Vanguard and Blackrock.
So, if you’re listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you… they’ll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more.
Just go to https://hatch.as/NZEverydayInvestor to grab your top up.
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Like what you’ve heard?
You can really help with the success of the NZ Everyday Investor by doing the following:
1- Follow @darcyungaro on Clubhouse.
2- Write a review on Facebook, or on your favourite podcast player
3- Help support the mission of our show on Patreon by contributing here
4- To catch the live episodes, please ensure you have subscribed to us on Youtube:
5- Sign up to our newsletter here
NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!
Please ensure that you act independently from any of the content provided in these episodes – it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.
If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link
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The Sanctuary Mahi Whenua Community Garden: Trevor Crosby
In the heart of Mt Albert, Auckland, is one of the oldest gardens in NZ. The Sanctuary Mahi Whenua Community Garden was first planted by Maori in pre-European times and hasn’t been built on since. The vege gardens and food forest have been lovingly cared for over the years and flourished under the ownership of Carrington tech, now Unitec. But they face an uncertain future following the sale of the lands to Housing NZ. Despite assurances, the gardens remain zoned for residential development. Vincent is on a break this week so handed the reigns to writer and sustainability advisor Sarah Heeringa to interview gardens curator Trevor Crosby.
This podcast first appeared at The Feed Weekly.
Hear the Podcast Here:
NZ Sales & Marketing Insider – Episode 11: Richard Johnston
“It was the collection of failures that led to my ultimate success” – Richard Johnston, co-CEO of TripADeal, an online travel booking engine topping the Australian Financial Review Fast 100 List two years in a row and a growing annual revenue of 40% pre-covid. In this episode, Ben speaks to Richard Johnston about his “out of the mold” career path, what it means to have an entrepreneurial spirit and TripADeal’s simplified approach to media buying, which led to its success.
Listen or Subscribe Free:
How is Golf NZ Promoting Participation?
Our hosts talk to Thiem Nguyen, Manager of Participation for Golf New Zealand about the new ways in which the lead organisation for the sport in this country is working to be more inclusive and raise the number of people playing the game casually and as members of a club.
Listen now:
Women in Tech Panel: Sarah Webb, Amelia Gain, Alliv Samson
In this episode Paul Spain is joined by three outstanding leaders – Sarah Webb: COO at LawVu, Amelia Gain: CEO & Co-Founder at Preno and Alliv Samson: Co-Founder at Kami. Each has a natural affiliation to tech and have garnered years of experience in tech and leadership. We discuss their challenges in leading and establishing a startup, hiring and diversity, business confidence and inspiring more representation for women to be encouraged to enter and to lead in business and tech.
Special thanks to organisations who support innovation and tech leadership in New Zealand by partnering with NZ Tech Podcast:
Umbrellar Connect
Vodafone NZ
HP
Spark NZ
Vocus
Gorilla Cyber Security
Datacom
Palo Alto Networks
Stefan Powell: CTO & Co Founder – Dawn Aerospace
Paul Spain sits down with Stefan Powell of Dawn Aerospace to learn a little of what it takes to establish a new space startup in New Zealand. Stefan delves into a wide range of topics including the Aurora Spaceplane.
Listen to the Podcast Here:
Show Links:
Gorilla Technology
Paul Spain – LinkedIn
Paul Spain – CEO, Business & Tech Commentator, Futurist
You can keep current with our latest NZ Business Podcast updates via Twitter @NZ_Business, the NZ Business Podcast website.