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.
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.
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?
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?
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.
Selling online: Hobby or business?
If you regularly sell online, you are “in trade”. This means paying tax and complying with consumer laws.
Hiring: Contractors vs employees
If you’re an employer, it pays to understand the different obligations you have to employees and to contractors — there are costs to getting things wrong.
Owed money? Tips for chasing debtors
Getting paid is essential for business success, so don’t let unpaid invoices and debts build up. These tips will help you keep the cash flowing. Find out how...
How some R&D companies can gain from tax losses
If you’re a new business doing R&D work — and operating at a tax loss — you might be entitled to some cash. Find out how…
Prep for tax time and avoid last-minute panic
You can’t avoid tax time — but you can prepare for it. These tips will help, from how to keep good records, to when to ask for advice. Read on…
How to handle GST on second-hand goods
Buying second-hand goods for your business can help keep costs down. And you can claim a GST credit on them – just follow these steps.
Special tax codes and deduction rates: What to do
Do you make PAYE or student loan deductions that aren’t at the standard rate? Here are some tips from Inland Revenue. Read on…
Tax on Christmas parties and presents
Bring out the crackers! It’s almost time to plan the staff Christmas party, so what are the tax considerations? Read on…
Fringe benefit tax: Private use of vehicles
If you allow your employees to use work vehicles for personal use, you are liable for fringe benefit tax (FBT).
The low-down on fringe benefit tax (FBT)
Fringe benefits are exactly that – the perks of the job that aren’t salary or wages. Like using a work car out of hours and employer contributions to Super.