by BH Accounting | May 11, 2025 | Accounting & Financial Management
What is IETC? If you’ve seen this term on your tax return or payslip and wondered what it means, you’re not alone. IETC stands for Independent Earner Tax Credit—a tax credit designed to give a bit of extra financial help to New Zealanders earning a modest income. If...
by BH Accounting | May 10, 2025 | Business Tax & Compliance
What is GST inclusive and exclusive? If you run a business—or even if you’re just trying to understand a quote—you’ve probably seen both terms. But what do they actually mean, and why does it matter? Put simply, GST inclusive means the price already includes GST...
by BH Accounting | May 9, 2025 | Accounting & Financial Management
IR10 financial statement summary—if you own a business or rental property in New Zealand, you’ve probably come across this form when filing your tax return. But what exactly is it, and why does the IRD want it? In short, the IR10 is a simplified way to report your...
by BH Accounting | May 8, 2025 | Accounting & Financial Management
How to calculate diminishing value depreciation—it sounds complex, but it’s actually pretty straightforward once you break it down. Whether you’re running a business, managing a rental property, or just trying to get your accounting right, understanding how this...
by BH Accounting | May 7, 2025 | Buying & Selling a Business
Fencing business profit—how much can you actually make, and how do you grow it? That’s the first thing most new fencing business owners want to know. Whether you’re just starting out or already running jobs, understanding your potential fencing business income and how...
