Spray Marks Road Marking – Business Advice
June 30, 2022
Spray Marks has marked nearly every road in the South Island at least once and installed thousands of edge marker posts and reflective cats eyes. When you are out and about on the roads, their work is playing an important role in helping keep you and your family safe.
Spray Marks is now also synonymous with engineering and design throughout the South Island. From installation of new plant and industrial machinery, commercial and vehicle signage design and installation, to traffic management plans and equipment hire, Spray Marks offers a broad range of services to complement the core road marking business.
Andrew Hawkes and his team are trusted business advisors to the owner and business, providing commercial and funding advisory support as well as taking care of the annual accounts, taxation advisory and compliance needs of the Spray Marks team.
“We made the change to Andrew and his team from another provider four years ago. The change was noticeable in terms of the wider advisory offering, insights, and networks brought to the relationship. Underpinning this is the support the team brings to our finance department, ensuring year-end accounting compliance and tax advisory are well covered.” - Darcy Prendergast, Owner, Spray Marks Roadmarking Limited
Last week we were delighted to host at our offices our second event featuring Sharon Zollner, Chief Economist at ANZ, who presented on the challenges and opportunities shaping the economic outlook for 2025 and the coming year. With her trademark clarity and engaging style, Sharon shared her expert analysis on key trends in forecasting and economic performance—offering valuable context to navigating an increasingly complex environment. From inflation and interest rates to global market dynamics, her insights were both timely and highly relevant. Attendees from our client base and network responded enthusiastically, highlighting the value of Sharon’s ability to make complex topics accessible and actionable. We’d like to thank everyone who joined us, and especially Sharon for her time and expertise. Events like this are part of our commitment to providing meaningful opportunities for discussion among our clients and networks. If you'd like a copy of Sharon's presentation, please email rachel@anthempartners.co.nz
At Anthem Partners, we’re proud to support initiatives that reflect the heart of our local community. Recently, we had the privilege of supporting SCAPE Public Art’s latest exhibition alongside some of our valued clients — a celebration of creativity, connection, and collective purpose. The evening raised funds for the reinstatement of “Sky Lens”, a beloved piece by Cantabrian artist Neil Dawson. Originally a feature in Cashel Mall, Sky Lens was removed after the devastating 2011 Christchurch earthquake. Thank you to SCAPE Public Art for their leadership in driving this campaign, and to our clients who joined us on the night.
Great news for New Zealand businesses: the Government’s 2025 Budget introduces a one-off 20% tax deduction for new qualifying business assets. This initiative, known as the “Investment Boost,” is designed to stimulate capital investment, enhance productivity, and support economic growth. What Is the Investment Boost? Effective from 22 May 2025, businesses can claim an immediate 20% tax deduction on the cost of new depreciable assets that are first available for use in New Zealand. This deduction is in addition to standard depreciation allowances. For example, if you purchase new machinery for $100,000, you can immediately deduct $20,000 from your taxable income, plus the usual depreciation based on the remaining $80,000. Who Qualifies? The Investment Boost applies to: New depreciable assets used in your business for the first time in New Zealand. Imported second-hand assets that have not been used in New Zealand before. Capital improvements to existing non-residential buildings, such as earthquake strengthening. Certain land improvements and other depreciable property. Assets that do not qualify include: Residential buildings. Intangible assets (e.g., intellectual property). Assets already eligible for immediate deductions under other provisions. Notably, new non-residential buildings will also qualify, even though they have a 0% depreciation rate for tax purposes. Why It Matters The Investment Boost is expected to: Increase New Zealand’s GDP by 1% over the next 20 years, with half of that impact occurring in the first five years. Raise wages by 1.5% over the same period. Encourage businesses to invest in new capital, leading to enhanced productivity and competitiveness. This measure is part of a broader strategy to support economic growth without resorting to broad-based tax cuts. The Government estimates the fiscal cost to be $1.67 billion per year. Important Considerations Clawback Provisions: If you sell a qualifying asset for more than its adjusted tax value, you may need to repay some or all of the deduction. Timing: The asset must be first available for use on or after 22 May 2025 to qualify. Depreciation Adjustments: The base for future depreciation deductions will be reduced by the amount of the 20% deduction. Next Steps Review Your Capital Plans: Consider whether upcoming asset purchases or capital improvements can benefit from the Investment Boost. Consult Anthem team: Ensure that your business is correctly accounting for the new deduction and adjusting depreciation schedules accordingly. Stay Informed: Keep an eye on official guidance from Inland Revenue and consult with the Anthem team to maximise the benefits of this initiative. This is a unique opportunity to reduce your tax liability while investing in the growth and efficiency of your business. If you need assistance in understanding how the Investment Boost applies to your specific situation, feel free to reach out.
