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Discover our latest articles, expert tips, and insights to help you manage your finances and grow your business with confidence. đĄ
What is the best way to buy a car for business ?
No Time to Read? Hereâs What You Need to Know Business car or personal car? If you drive a lot for work, a business vehicle could be worth it. Otherwise, claiming mileage might be smarter. Tax benefits: You can claim depreciation, fuel, maintenance, loan interest, and...
What can you claim on a rental property ?
No Time to Read? Hereâs What You Need to Know Short on time? Here are the key points to remember about rental property deductions in New Zealand: What You CAN Claim Mortgage Interest â Only deductible for new builds or under specific conditions until April 2025....
What is the impact of accounting software?
So, youâve heard the buzz about accounting software, but what does it actually mean for your business? Letâs be realârunning a business can feel like a juggling act, especially when it comes to financial management. Weâre constantly chasing numbers, trying to stay on...
Is a gym membership tax deductible for a business ?
So, youâve probably heard that money doesnât buy happiness, but letâs be real â it can sure help ease a lot of stress. And while we're on the subject, have you ever wondered if your gym membership could actually be a business expense? đď¸ââď¸ I mean, we all know staying...
Questions to ask when buying a business in New Zealand
Buying a business in NZâexciting, right? But letâs be honest, itâs also a bit of a minefield if you donât ask the right questions. I mean, we all know what itâs like to jump in headfirst without thinking it throughâwhether itâs the business history, the financial...
Cash Gifts to Employees NZ: Tax & Compliance Essentials
Are you considering cash gifts to employees NZ to boost morale and recognize your team's efforts? In today's competitive business landscape, offering employee cash bonuses NZ can transform payroll into powerful incentive programs. From performance bonuses to holiday...
Non-Active Trusts: Tax Rules, Compliance and Filing Requirements
Letâs talk about Non-Active Trusts in New Zealand. If youâve got a trust but itâs just sitting there, not earning income, you might be wonderingâdo I still have to file a tax return? Great news: maybe not! If your trust meets the Inland Revenue (IRD) criteria, it...
Do I need to declare my AirBnB icome ?
No Time to Read? Hereâs What You Need to Know If youâre short on time, hereâs a quick breakdown of the key takeaways from this guide on Airbnb income tax in New Zealand: Yes, you must declare Airbnb incomeâeven if itâs just a few weekends a year. The IRD considers all...
What is a look through company ?
If youâre scratching your head wondering what the heck a Look-Through Company (LTC) is and how it might help you keep more of your hard-earned cash, youâre in the right place. In New Zealand, LTCs have become a popular option for savvy investors and business owners...
Can you deduct life insurance premiums as a business expense ?
Can you really deduct life insurance premiums as a business expense? If youâve ever stared at your tax forms wondering if you could claim that hefty premium as a write-off, youâre in the right place. I knowâit sounds like one of those convoluted tax myths that only...
How to find an accountant for small business ?
Finding the right accountant for your small business isnât just about crunching numbersâitâs about making sure your business stays profitable, compliant, and stress-free when tax season hits. A good accountant can save you thousands, while the wrong one? A total...
How much does a personal tax accountant cost ?
Hiring a personal tax accountant in New Zealand can be a smart move to manage your taxes effectively. But how much does it actually cost? The answer depends on several factorsâyour financial situation, the services you need, and even how early you book your...
