GST Payments vs. Invoice Basis – What’s The Difference?
23 January 2025
There are two main methods you can prepare your GST returns based on, these are: Payments Basis GST This method calculates GST based on income
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Check here regularly for the latest accounting & tax info, news and business advice.
Sharesies and Tax: How to Avoid Pitfalls and Stay on the Right Side of the IRD
21 January 2025
Investing in platforms like Sharesies has opened opportunities for everyday Kiwis to grow their wealth. While this accessibility is exciting, it has also introduced new complexities, especially around tax compliance.
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
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.
Checklists – Save and Continue Later
29 October 2024
When completing your annual EOFY checklists, you may not have all of the information available to complete the checklist at the time. Thankfully, you can save all of your information and complete the checklist later by using the save and continue later button.
Short-Stay Accommodation Providers – Essential Guide to the New GST Regulations
16 October 2024
As of 1 April 2024, there are significant changes in the GST treatment for short-stay accommodations, especially for those using online platforms like Airbnb or
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
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
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