Capital Gains Tax in NZ

With the recession looming, our Government will definitely be looking at bringing CGT (Capital Gains Tax) in one form or another. Not quite up to date with the CGT situation in NZ? Ok, here’s a brief summary: Capital Gains Tax is tax paid on any capital gains you make.  What are capital gains? Simply put

0% tax bracket in NZ

Good day dear Kiwi accounting fans. Today I will pose an interesting question: Can we have a 0% tax bracket in NZ? What does a 0% tax bracket mean? Simply put, it means that for all income below a certain amount – you pay 0% tax. 0% tax? Wait what? Yeah, you heard me right,

It’s ok to cry

Hi there accounting fans, Let’s take a break from all things financial today and let’s talk a bit about mental health. Those of you who follow this blog will know that every now and then I like to talk about the importance of mental health. So today I’m going to share with you a story 

Filing company tax returns on My IR

A couple of weeks ago I wrote a guide to filing taxes online for self-employed individuals. Now I’m back with a guide for companies that want to file taxes online! I’ve been planning to write this article for a week now – but I’ve only been able to do it now that the My IR