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.
News
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.
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.
ACC: Take the pain out of levy day
Every year small businesses pay levies to ACC to cover work-related accidents. Here’s how to soften the budget blow.
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).
Registering for GST? Four ways to avoid delays
Mind the gaps and other tips from Inland Revenue to prevent your paperwork being held up by common mistakes.
New website to find your BIC code
Your business industry classification (BIC) code sets your ACC levies and is used for other government services. Picking the right BIC code is easier now...
Tips to ease your tax payment pain
Pointers from accounting firm BDO on tax pooling and other smart ways to avoid getting stung for overpaying or underpaying provisional tax. Read on…
How to claim the cost of your assets
A guide to claiming depreciation on capital (fixed) assets such as computers, vehicles or machinery for your business.
Putting money aside for ACC
The new year is a good time to take a fresh look at your cash-flow, including how you will pay your ACC levies.
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.