InfoBase

Accounting & tax info, news and due dates

Check here regularly for all the latest tax information and news

Should You Register Your Business For GST?

January 31, 2018

If your expected annual turnover (sales) will be $60 000 or more you’ll need to be GST registered. This basically means you’ll need to charge your customers 15% more on your pricing for GST – then account for and pass this on to Inland Revenue with your GST return each 1,2 or 6 months. If your turnover is expected or is less than the …

Read more

Can I Be An Employee Of My Own Company?

Yes your company can become an employer and employ you via the payroll. This means that each pay day PAYE is deducted from your wages and on the 20th of each month the PAYE get’s paid to IRD. Your wages become a cost to your business. You need to keep a wage book/record of each person’s pay each week – software that does this …

Read more

Just Started As A Contractor – How Much Should I Save For Tax?

Question: I have just started work and my employer has informed me I am responsible for paying my own tax. Does this require me to put away 20% of my wages? What are my tax responsibilities? Answer: In this case you’re effectively a self employed contractor – not an employee, so this means you’ll need to put aside some of your gross income to …

Read more

Vehicle Ownership Vs Leasing – A Brief Overview

The benefits of leasing a vehicle are: Get to claim the lease as a monthly expense. May have an upgrade option after a certain period with keeping the lease payments roughly the same. Still get to claim running costs – e.g petrol, repairs, registration etc. The disadvantages of leasing are: Paying monthly payments for a vehicle you usually won’t own at the end of …

Read more

How Can I Pay Myself From My Business?

There are a couple of ways to pay owners of a business and to account for the income tax on these. The most common way is the owner taking drawings – drawings are withdrawals from the business for personal use. The alternative is wages – the owner will become an employee of the business and PAYE will be deducted each payday like any other …

Read more

Kiwitax | Stress-free accounting, Let's Chat

Stress-free accounting

Plain English communications, easy friendly systems, helpful people, unlimited free advice, IRD and ACC help Working efficiently ensures reasonable and accountable pricing with zero hidden cost.

Kiwitax | Easy IRD

Easy IRD

Consistently a professional, efficient service. Working with IRD becomes easy. Have your tax returns filed on time and know of any payments and when. Less IRD noise.

Kiwitax | Members of Accountants + Tax Agents Institute of New Zealand (ATAINZ) and Chartered Accountants of Australia & New Zealand (CA ANZ)

Professional team

Members of Accountants + Tax Agents Institute of New Zealand (ATAINZ) and Chartered Accountants of Australia & New Zealand (CA ANZ) ensures professional ethical service.

100% Satisfaction Guaranteed

Kiwitax services are 100% satisfaction guaranteed. If you’re not completely satisfied with our service please tell us. If we cannot put things right to your satisfaction we will provide a full refund. As a genuinely client focused business with many very happy clients we’re positive Kiwitax services will meet your expectations.

Kiwitax | MYOB Dimond Partner
Kiwitax | Members of Accountants + Tax Agents Institute of New Zealand (ATAINZ) and Chartered Accountants of Australia & New Zealand (CA ANZ)