This article was originally published here. “If my business runs at a loss, that means I don’t have to pay taxes… right?” Technically, yes. But also…not really.Let’s look at this further in depth to explain it better. How Business Taxes Actually Work At its core, tax is calculated as a percentage of your profit which
This article is a refresh of our old article here. When it comes to money, there’s one thing no one can escape: taxes. It plays a major role in how governments fund essential services like healthcare, schools, and infrastructure. But what exactly are they, how do they work, and why do we pay them? What
(digital nomad tax – 5 minute read) This article was originally published on Pocketsmith’s website here. Moving to a new country? Planning on embracing the digital nomad lifestyle? Awesome! But its not all sunshine and sunny beaches. The biggest challenge to overcome for all digital nomads isn’t adjusting to foreign culture, language or cuisine. It’s
(tax deductions NZ – 5 minute read) Hi Accounting fans! If you have business owning friends, you may have heard them go on and on about all the ‘deductions’ they can claim. It’s true. business owners can claim a fair amount of deductions for their business income. What about non-business owners? Surely there is some