Employee Vehicle Reimbursements
24 May 2024
If you are paying your employees a motor vehicle allowance as a part of their salary package this is taxed as a part of their
Infobase
Check here regularly for the latest accounting & tax info, news and business advice.
Everything property investors need to know about the bright-line
10 April 2024
Are you thinking of buying or selling a rental property? It pays to be aware of the bright-line rules and determine if it will apply
Xero or MYOB – Choosing the best cloud accounting software
8 April 2024
Cloud accounting software is a real game changer when it comes to managing your business. In New Zealand we have two main options; Xero or
2024 End Of Financial Year Checklists
4 March 2024
The end of the financial year can be a confusing and frustrating time, so we’re making it easier with our online 2024 end of financial
Brightline Tax Update
16 January 2024
Updates to the brightline tax rules come into effect from 1 July 2024 Prior to the holidays, there was an announcement by the new government
Kiwitax Christmas & New Year Holidays
7 December 2023
A heads up that we’re closing for Christmas and New Year holidays – finishing up for the year around lunchtime Thursday, 21 December and
Kiwitax vs Hnry
24 October 2023
Looking for an alternative to Hnry? Are you a sole trader trying to decide whether to use an accounting service for your business or
ACC Levies On Overseas Earnings for NZ Tax Residents
16 October 2023
ACC (Accident Compensation Corporation) has always been legally obligated to collect levies on overseas business or self employed earnings, however they never did because of
Business Sponsorship – Can you claim?
16 October 2023
Often opportunities come up to provide sponsorship for events or competitions and if you’d like to claim these in your business there needs to be
Hard Questions – Simple Answers : Top Accounting Tips for Tradies
14 June 2023
ITM recently hosted a series of ITM LBP training days where builders were able to get a down-to-earth answers to some of the hard
5 Ways Business Owners Benefit from a Monthly Accounting Service
6 June 2023
First of all… The problem with Annual Accounting For a lot of business owners, filing their annual income tax returns at the end of the
Claiming Vehicle Expenses
22 May 2023
If you would like to claim vehicle expenses for your business and/or rental property you’re usually required to log vehicle use to justify this claim. Higher
