If you’re worried about paying tax on the cash you pull out of your business, this video is for you. iif Chartered Acountants Director Hamish will walk you through the fundamentals of your Current Account and Financial Statements so your financials at home don’t suffer.
While it’s technically true that there’s no Capital Gains tax in New Zealand, there are still 10 ways you can pay income tax on the profit you make when buying and selling property. iif Chartered Accountants Director Hamish goes over ways to avoid these income tax traps.
Get the most from your Xero account to build your business iif Chartered Accountants Wellington Porirua
So the IRD are trying (and more-or-less failing…) to simplify Provisional Tax. In a valiant effort, they’re bought in the “Accounting Income Method” (AIM). In short, from 1 April 2018 you’re able to pay Provisional Tax based on your business’s profits. The idea is good – pay your tax when you earn the money. The detail isn’t so good – …
In this article, we look at what tax pooling is, how it works, and how it can benefit your business.
Some businesses find themselves in the unfortunate situation of having a surprisingly large tax bill. Learn the common mistakes companies make.
We are coming to the end of tax year, a very busy (and sometimes very stressful) time for many companies. Learn our top tips to tackle your financial New Years here.
It is important to get tax right, otherwise it could be very costly. Click here to check out the top tax tips to get right in your business.
It’s been a busy year and you want reward your employees for all their hard work by showering them with gifts or having a big end-of-year party. But before you get into the spirit of the Season of Giving, make sure you’re aware of all the tax rules that come with it. (Especially with tax from this quarter due on …
A question often asked by independent contractors and small business owners. Independent contractors can claim a number of expenses. However, they have to be legitimate business expenses. These are expenses that are necessary for your business to derive income. Basically anything that is in line with the nature of your business and has helped you to create your income will …