Check here regularly for the latest accounting & tax info, news and business advice.
Many people have Income Protection insurance policies and ask us about income protection insurance deductibility, well the great news is that these policies are claimable
If you trade as a company there is no problem in paying your spouse or partner wages through the payroll of your business – however
For our Rental Property clients to make the most of their tax deductible mileage claims you need to keep a record of your rental-related travel.
When you operate a business, each year you are required to prepare financial reports showing all of the business income and expenditure incurred which will
Sole Trader A Sole Trader is basically when you go out and do something for money but are not actually employed as an employee by
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
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
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
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
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,
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
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