EP 551 - How To Lower Your NZ Tax Bill With Investment Boost (and why it might be a bad idea)

Thinking of buying a business? Speak with Phil first: https://nextadvisory.nz/buying-a-business/Investment boost gives you a 20% tax deduction on new equipment before March 31st. But before you rush out to buy that Ford Ranger, Phil and Luke explain why this could be a terrible idea.We break down how investment boost actually works and the trap people fall into buying things they don't need and can't afford just to save on tax.If you're going to buy the equipment anyway and you can afford it, investment boost is great. If you're buying it just for tax, you're making an expensive mistake.If you're interested in working together:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/