Pay-as-you-earn tax, with help from your accounting software
From April 2018, small businesses can choose a new pay-as-you-earn option, rather than paying provisional tax in instalments several times a year.
News
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.
Laws that changed in 2017
From contractors’ tax to Easter trading, hazardous substances to ACC levy changes, it’s been a big year for business-related law changes. Here’s a summary.
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.
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.
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.
Business expenses: What can you claim?
All self-employed people can claim expenses, contractors included. If you work from home you can claim some household expenses, too. Learn about valid expenses.
Selling online: Hobby or business?
If you regularly sell online, you are “in trade”. This means paying tax and complying with consumer laws.
ACC motor vehicle levies fall
Driving is about to get cheaper for most vehicle owners. The ACC levy portion of the rego will fall by about 12.5% — and the petrol levy will also drop.
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.
Four-minute round-up of 2017 law changes
From contractors’ tax laws to Easter staffing rules, GST filing to ACC discounts, here’s a summary of what’s new and what’s changed for small businesses.
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.
Law change: Tax and contractors
Pick your own tax rate. Get your tax paid directly by your recruiter. Choose if your payer deducts tax. A must-read for all contractors and those who hire them.
Go online to manage your GST
If you’re GST registered, managing your returns just got a whole lot easier — you can now file online. Here’s how it works.