Check here regularly for the latest accounting & tax info, news and business advice.
With the governments new legislation hitting in 2019 for landlords to insulate their rentals – questions have been asked whether this will be tax deductible
The tax rules around holiday homes have changed significantly making many formerly available tax deductions unavailable. If considering buying a property to be available for
There are two main methods you can prepare your GST returns based on, these are: Payments basis – This is when you prepare your GST
No. Residential rental properties are exempt from GST. You cannot charge or claim GST for the supply of residential rental accommodation, therefore there is no
To work out the GST content of a GST inclusive price… With GST at 15% multiply the GST inclusive price by 3 then divide that
If you have an amount of GST (@15%) from a transaction and need to calculate the original price here’s the formula… For the GST Exclusive
It seems quite a few people are struggling to calculate GST correctly, they are incorrectly subtracting 15% from a GST inclusive amount to find
From 1 April 2017, if you are hiring any contractors that are required to have withholding tax deducted, or are a contractor yourself the IRD have issued a new form to be filled in from April 2017 onwards.
Accounts Payable Amounts companies owe suppliers for goods and services. Listed in the current liabilities section on the statement of financial position. Accounts Receivable Amounts
Stock on Hand is accounted for at the end of each financial year. The reason this is included is because the purchase of goods has
If you purchase secondhand goods for use in your business from someone not associated to you (eg not a family member or relative) – these
We often get asked what the current income tax rates are for individuals and business. These rates apply: Company Tax Rate 28% Trust Tax Rate
We’d love to see you.
38 Bridge Street
Freepost Kiwitax, PO Box 12150
Napier 4144, New Zealand