(NZ small business tax tips 2024 – 5 minute read) Kia ora again Aotearoa! The financial year is coming up soon! As we come into the new financial year of FY2025 (which starts on 1 April 2024), let’s take a look at some tax related issues that will affect NZ small businesses in the new
(First year business tax – 5 minute read) Did you just start your first business? Congratulations! Starting a new company or self-employed venture is always daunting. You’ll be so busy working out on your products, honing your unique selling point and setting up your systems. Tax is the last thing on your mind. ‘I’ll deal
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
(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