Do I Have To Return My Overseas Rental In My NZ Tax Return?
When you are a NZ tax resident you are required to declare your worldwide income in your NZ tax return which includes your overseas investment
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When you are a NZ tax resident you are required to declare your worldwide income in your NZ tax return which includes your overseas investment
If you have a family member or associated party living in your rental property, there are different tax rules that apply to this situation. Based
Here is a brief description of the types of tax that you are likely to come across in business: GST – Goods and Services Tax
General exemption – There is a $300 exemption per employee per quarter from paying FBT if you provide free (gifts and prizes), subsidised or discounted
It can be easy to fall into the trap of paying your staff cash “under the table” instead of putting them on the payroll, less
Clients often ask which is the best way to pay themselves from their company – wages or drawings? Here is an explanation of the
To get the best tax deductions available for depreciation on a commercial building fit-out you will need to: Have an independent valuer prepare a fit-out
Many people have asked us “What is a dividend?” In short, a dividend is an allocation of profits from a company to its shareholders. In
You are only allowed a deduction for repairs and maintenance where the expenditure is required to maintain an asset in the condition it was initially
If you pay costs to advertise the sale of your rental property, these are not claimable as an expense but will come off the sale
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
People often ask us if it’s a good idea to spend money to save tax. The idea is by creating additional expense the business can
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