Clients like to ask me this question: ‘So if I buy a car for the business, I can claim the entire $40,000 that I spent on it as an expense right?’ WRONG. I’m sorry my dear client, but you will have to depreciate the amount over the fixed asset’s useful life as it is a
Disclaimer: This article was first published on Pocketsmith’s website which you can view at the link here. Interest rates are having a moment, persistently remaining high thanks to rising inflation and a number of other factors. What can you even do about that? Take it from practicing accountant Sam Harith, who shares how inflation interacts
Disclaimer: This article was first published on Pocketsmith’s website which you can view at the link here. Calling all accounting fans! Have you ever looked at your personal bank account and wondered: “Where has all my money gone?” We work and we work and we earn and we earn. And yet, for some reason, money
(business tax – 5 minute read) Hi Accounting fans! We’re back with part 2 of the NZ income tax article. In case you missed the first one, you can read all about personal income taxes right here! In the previous article we spoke more about personal income tax. Specifically, looking at the different income types