Should You Register Your Business For GST?
31 January 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
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Check here regularly for the latest accounting & tax info, news and business advice.
Just Started As A Contractor – How Much Should I Save For Tax?
31 January 2018
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
Purchasing a Business Vehicle – Ownership Vs Leasing
30 January 2018
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
First Year in Business Do I Pay Income Tax?
30 January 2018
A common myth people often share is that “you don’t have to pay income tax for the first year in business”. The fact is any
How Much Can I Pay Myself from My Business?
30 January 2018
People often ask if there’s a general rule about how much they can take from their business as ‘wages’. Our suggestion is to work backwards,
Claiming for Using Your Home as a Small Business Office
30 January 2018
When running a small business from your home you are entitled to make a claim for the costs associated with this. Inland Revenue require you
Leased Buildings & Broken Windows – Who Pays?
30 January 2018
An interesting heads up for anyone leasing a building and for building owners.. Recently a mower launched a large rock through one of our windows
Understanding Current Accounts
30 January 2018
One topic clients are often confused about is current accounts and we’re often asked to explain how these work. What are current accounts? They are
Kiwitax GST Spreadsheets – Free to Clients
26 January 2018
If you use a spreadsheet (Excel etc) for keeping track of your transactions and for preparing GST returns we’ve some good news! We’ve been polishing
Kiwitax Rental Property Spreadsheets – Free to Clients
26 January 2018
In addition to the recently released Kiwitax GST Spreadsheets there’s now a new Kiwitax Rental Property Spreadsheet. Spreadsheets are an easy, cost effective way for
What Records Do I Need To Keep?
26 January 2018
Inland Revenue require you to keep all documents relevant to running your business or rental property – it is wise to do this because if
How a Tax Agent Can Reduce Your Tax Compliance Costs
26 January 2018
For the most part small business and rental property owners don’t have the time, expertise or inclination to look after their own tax compliance. The
