Some 27 years ago I walked into an office for my first accounting job and a couple of weeks later I was hooked. I loved everything about it: the numbers, the challenge, and especially the people. That was back in Russia (my home country) – today I live in beautiful Tauranga and have done for almost 20 years.
After so many years of working with business owners, I have noticed how hardworking and determined business owners are; I see my job as helping business owners to see the bigger picture.
We often discuss business strategy, goals, and aspirations. I cannot stress enough how important it is to read and understand your business numbers. Your cash flow can often tell us if you are winning or losing.
To put it simply, I aspire to be your trusted adviser, who is looking out for you, assisting you in any way possible. Sometimes I am your critic, but mostly, I am your biggest cheerleader.
Clean Car Program
You may have heard about the Government’s Clean Car Program which is part of our government’s response following the Climate Change Commission issuing its recommendation in May 2021.
The Commission was formed in May 2018 and provides independent, evidence-based advice to government on climate issues.
Following the recommendation, on 13 June 2021, James Shaw and Michael Woods announced the Clean Car package.
In essence, if you purchase a new or imported second hand electric or plug-in hybrid vehicle you will be given a cash rebate of up to $8,625 for a new fully electric vehicle and $3,450 for a used vehicle.
For a new plug-in hybrid you will be given a rebate of $5,750 and $2,300 for used import.
Current approved rebates are applicable from 1 July 2021 to 31 December 2021 and will be reviewed every year. The rebates will also expand from 1 January 2022 to include low emission vehicles, like the Suzuki Swift and Honda Jazz.
To claim a rebate, you will need to apply via the NZTA website and provide a copy of the vehicle offer and sale agreement, proof of the registered person’s bank account, and your GST number (if the vehicle is being used for business purposes).
If you purchase a new or imported second hand electric or plug-in hybrid vehicle you will be given a cash rebate of up to $8,625 for a new fully electric vehicle and $3,450 for a used vehicle.
What about the fees?
The most popular question is about the fees – when, and how much will I be charged if I purchase a petrol vehicle after 1 January 2022?
Fees will be charged on higher emitting vehicles and will start from 1 January 2022 when they are first registered in New Zealand.
For example, the fee for a Ford Ranger will be in the region of $2,780. A Toyota Hilux will attract a fee of $2,900.
I assume the fee will be paid by the dealer if they are registering a vehicle and most likely be passed on to the buyer, or the fee will be charged to an individual who is registering the vehicle in New Zealand for the first time.
Will there be any exemptions?
Yes, agricultural vehicles for farms, such as tractors, harvesters, mowers, toppers, bailers; military vehicles; special interest vehicles; vintage and veteran vehicles; scratch- built vehicles and modified vehicles certified by the Low Volume Vehicle Technical Association Incorporated will be exempt from the Clean Car Program.
Feel free to get in touch, I would love to hear from you.
Read: Emerald business advisors – Putting the shine into business success
