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.
The year of small business
It’s been a challenging year for small businesses and sole traders, but many have rallied around to help. Kia kaha, from the team at business.govt.nz.
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?
IR and ACC: No cheques from 1 March
Inland Revenue and ACC will no longer accept payments by cheque. Here’s what you need to know.
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.
2019 law changes: what you need to know
Get an overview of law changes coming into effect in early 2019. Find out how these changes affect your business.
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?
What you need to know about your ACC invoice
Everyone in New Zealand who’s in business has to pay ACC levies, which cover the cost of injuries caused by accidents. This year's invoices are coming soon.
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.
Important tax changes
Whether you’re a sole trader, contractor or employer, there are a number of important tax changes you need to know about. Check out how they apply to you.