10 Expense Claims Most NZ Business Owners Overlook
28 November 2024
Business owners and property investors often miss out on expense claims simply because they aren’t aware of them. Here’s a run-down of commonly overlooked tax
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Check here regularly for the latest accounting & tax info, news and business advice.
What is Depreciation & How Does it Work?
22 November 2024
As a business owner or property investor you’re entitled to make a tax claim for depreciation – but what exactly is depreciation? It’s best described as the devaluation of your assets over a number of years and different assets have different life spans so that’s why the depreciation rates differ.
Is Accounting Software Worth the Subscription Price?
20 June 2024
With recent news of price increases for some popular cloud-based accounting software packages, we have had a few customers ask us to see if the
Getting the most from Xero
11 June 2024
If you are new to business or just wanting to get more out of Xero, there are loads of great resources available online to help
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
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
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 Hnry
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