New simplified GST record rules
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New simplified GST record rules1 April 2023 saw simplified GST record rules take effect, introducing a number of fundamental changes to GST invoicing and record keeping. These changes are a…
New simplified GST record rules
Gift giving & Tax Deduction Rules
If you plan on giving gifts to clients, know the rules around claiming tax deductions. The rule of thumb is: you can only claim 50% of food and/or drink gifts,…
Relief for flood affected areas
Were you affected by the recent floods? On 29 August 2022 Cabinet declared the series of adverse weather fronts that crossed New Zealand between 17 and 21 August 2022 as…
How to make tax time less taxing
Preparing your annual financial returns can be a stressful task. If you are prepared in advance, you can save yourself a lot of time, worry and potentially avoiding costs such…
What if you are self-employed & making a loss?
About 355,000 New Zealanders were self-employed in 2021. Sometimes thing don’t go to plan and your expenses end up greater than your income. This short blog looks at how you…
5 Tips On How to Reduce Your Tax Bill
Claim as many expenses as possible The more you can claim on expenses, the less tax you will have to pay. Many business expenses can be claimed and sometimes even…
Avoid these common GST mistakes
This week we are looking at four common mistake we see business owners make with their GST. Not planning ahead We recommend putting money aside for GST payments. This will…
Prescribed Investor Rate (PIR)
A prescribed investor rate (PIR) is the tax rate that your portfolio investment entity (PIE) uses to work out the tax on your investment income. You choose your rate based…
Gift giving & Tax Deduction Rules
If you plan on giving gifts to clients, know the rules around claiming tax deductions. The rule of thumb is: you can only claim 50% of food and/or drink gifts,…
Preview: Law Changes for 2021
New tax rate for Kiwi’s top earners The new 39% top tax rate bill has made law. From 1 April 2021, Kiwis with a personal income over $180,000 will be…