Blog

Let’s be honest—nobody gets excited about legal fees. But if you’re running a business or managing a trust, those bills are going to land eventually. And when they do, one question always comes up: “Can I claim this as a tax deduction?” Short answer? Sometimes. Long...

If you’re self-employed or running a small business in New Zealand, there’s a good chance the words provisional tax make your palms a bit sweaty. Don’t worry, you’re not alone. The Inland Revenue (IRD) doesn’t exactly roll out a red carpet when it comes to explaining...

Long Stories Short Alright, here’s the quick version for you: Tax Basics: Whether you’re a sole trader or a contractor, if you're making money as a personal trainer, you’ve got to pay tax. It’s not just about income tax – keep track of your business expenses,...

Ever feel like the Goods and Services Tax (GST) system was designed just to mess with your head? You’re not alone. But before your next GST return turns into a late-night panic session, let’s break down one key thing: the GST accounting method you choose actually...

How much can I claim for home office expenses? If you’ve been working from home, you’ve probably asked yourself this question. And rightfully so – who wouldn’t want to maximize their home office tax deductions? Whether you’re a sole trader or self-employed, the stuff...

The Small Business Cashflow Scheme (SBC), introduced during the Covid-19 pandemic, has hit a rough patch. According to the Inland Revenue Department (IRD), around 10,000 businesses have defaulted on their loans, leaving over $161 million unpaid. That's a hefty chunk...

Ah, Fringe Benefit Tax (FBT)—the employer’s favorite topic… said no one ever. But if your business has a work-related vehicle, you need to understand the rules, or Inland Revenue (IRD) might come knocking. FBT applies when a company fleet is used for personal use of a...