Call Nick on 021 225 6425
FILTERED BY TAG:

Tax

X
Many small business owners are rightly concerned about making errors with Goods and Services Tax (GST), so here are some of the more common and costly to avoid. As I wrote in my last piece on this topic, if you expect your business to bring in revenue of over $60,000 ov...
Read more
A hallmark of NZ’s taxation system has long been the absence of a Capital Gains Tax on the sale of property, but is that strictly still the case?A new client of mine is upset about having to pay tax at 39 percent on the sale of a property, saying that when he immigrated he...
Read more
The Goods and Services Tax (GST) is a tricky tax to come to grips with for those who don’t deal with it on a day-to-day basis, so here are a few items to make certain you get right. As a financial advisor and accountant, there are a few errors I see frequently made by busi...
Read more
It has its detractors, but is the Government’s tax loss carry-back scheme helping struggling NZ business owners?One of the responses to COVID-19 from the Government was a new temporary tax loss carry-back scheme.Some cynical commentators felt that the tax part of the SME R...
Read more
Are you a business owner trading via a limited company? Did you know that you can legitimately claim for private goods and services paid for by your company? Yes you can, and it doesn’t matter what you claim - flights, a hotel bill, a present for your kids (or yourself), a...
Read more
I’m bound to upset someone with this picture - pale, stale and male - but such is life!  Is it only old white boffin-like old guys that carry out research and development these days? No, most certainly not, there’s more around than you might think, and the New Zeala...
Read more
What should we be doing as business owners before our Balance Dates or tax year-end, depending on what type of business we are in? There's no point in paying any more tax than necessary. If you have trading stock (unless it’s clearly not going to exceed...
Read more
Did you know that the amount you can earn in Australia before you pay tax is now $18,200? Yes, an amazing $18,200 - that’s $350 per week, $700 a fortnight or $1,517 a month. Yes, the rates for higher levels of income may be more, but that's pretty damn good for the lo...
Read more

Tax on Your KiwiSaver

September 2, 2019
One of the great things about Kiwisaver is that it can be drawn tax free when you reach retirement which is a very valuable benefit. It's unusual because normally, in New Zealand, tax is mostly worse than in other countries e.g. the complete lack of any person...
Read more
Starting a business can be a stressful and expensive time so it pays to make sure you take advantage of all possible ways to save Income Tax and GST. One common oversight is not to claim for tools, equipment, furniture, computers, vehicles, reference books and any other asse...
Read more
Load more
Loading...
Load more
Loading...