Business tax & levies
Do you need to polish up on your knowledge of Fringe Benefit Tax (FBT)? Or, are you not sure if you should register for GST? This section explains some of the most common business taxes and levies – from income tax to ACC levies.
Find out about your tax obligations.
Keeping organised tax records and claiming business expenses can be easy if you come up with a good record keeping system and stick with it.
Start learning about GST with this article.
Learn about processing GST for your business.
If you supply your employees with benefits or perks, these may be subject to fringe benefit tax (FBT). Find out what is subject to FBT and how to calculate FBT payments.
As an employer, you can choose to provide allowances on top of your employees’ usual pay. Allowances are extra payments for things like accommodation, meals and clothing.
Most businesses are required to pay provisional tax after their first year in operation. Find out what provisional tax is and how to prepare for it with this article.
Every employer needs to pay ACC levies for their employees. Find out how levies are calculated and how much you’ll need to pay.
More and more businesses in New Zealand are trading online. This article introduces the tax issues e-commerce businesses should consider.
If a fixed asset you use in your business has a useful lifespan of more than a year, you should claim depreciation on it to recover the cost of the asset.
Many small business owners run their businesses from home. If this is you, find out about the tax issues you need to consider.
Businesses operating at a loss can transfer losses to subsequent tax years to lower later tax bills. Find out more with this article.
If you become aware of errors after filing your tax return, take appropriate action by working with Inland Revenue to make corrections.