Short-term rentals: What you need to know
If you’re renting out your home or holiday house over summer, make sure you know the rules on taxes, holiday rental agreements, claiming expenses and more.
News
What's your money motivation?
What drives you to make money? Being clear about why you want to make money will help you put the right plans and processes in place to hit your goals.
R&D tax incentive: What’s eligible and how to claim
Money your business spends on research and development (R&D) may be eligible for a 15 per cent tax credit. Find out if your R&D activities qualify.
File on time: Tax returns due 7 July
Income tax returns are due by 7 July:
• how to file online
• what to do if you received a wage subsidy
• the rules for reporting residential rental income.
Investment property: law changes and tips for maximising returns
Recent tax changes will impact residential property investors. We talk to some experts for tips on how to make the most of your investment properties.
Grab a first year tax discount and other tax tips
If it's your first year of business, you don’t have to pay your income tax until well after 31 March. But if you do pay before then, you could get a discount.
Debt advice for sole traders
Debt can be a normal part of being in business. But it’s important to know how much debt is too much for you. Here’s how to get back on track.
Paying back student loans when you’re self-employed
If you’re a sole trader, contractor, or freelancer, you need to make student loan repayments on your income. But how do you calculate them?
It’s a wrap: Preparing your business for Christmas
The Christmas run-up can be frantic for small business owners. Here’s a quick guide to claiming Christmas expenses and rules relating to staff leave.
If you’re a landlord, you’re in business
If you’re collecting rent, you’re running a business. Residential rental properties come with rules you have to comply with. Here’s what you need to know.
Bonuses and tax: How to get it right
Thinking of rewarding a star player? Here’s a step-by-step guide to working out the PAYE tax on lump sum payments, plus other deductions you may need to make.
Accommodation for workers: what you need to know
By law, anyone working for you in return for food or accommodation is most likely an employee. You may also be their landlord.
What to do when Inland Revenue calls
When Inland Revenue says your business is to be audited, be prepared and don’t panic. You may even come out with a tax rebate.
Hobby or business?
You sell the odd hand-knitted scarf to friends, or maybe you sell your knitwear every week at local markets. Is this a hobby, or a business?
Have overseas accounts? What you need to know
If you have an account with an offshore financial institution, information about your overseas investments will soon be shared with Inland Revenue.
Claiming expenses on business trips
You can claim the cost of many daily expenses when travelling for work. If the trip is part business, part holiday, you can only claim work-related expenses.
Using the Companies Register just got better
It’s now easier to use online services and find tips on how to register a company, search the Companies Register, or keep your company’s details up to date.
Selling online: Hobby or business?
If you regularly sell online, you are “in trade”. This means paying tax and complying with consumer laws.
R&D: Get cash back from your tax losses
If you do research and development (R&D) work, a special tax credit up to $224,000 can ease cash flow problems and hasten your product to market.
Contractor tax changes: How to get it right
All contractors can have tax deducted from their pay — and those hired by recruiters MUST do this. We answer your questions about this law change.