(RSP/CSP – 5 minute read) Hi there NZ accounting fans! If you were affected by the COVID lockdowns, you would have applied for the RSP/CSP. RSP – Resurgence Support Payments. CSP – COVID-19 Support Payments. Both of these payments have been issued by the IRD. They are aimed to support viable businesses overcome cash flow
(expense – 5 minute read) Hi there accounting fans! One of the perks of being a business owner is the ability to claim tax deductible business expenses. This means that you can reduce your profit (and taxes!) just by spending money on your business. Woohoo! However, you need to remember that not ALL expenses are
(AIM provisional tax – 4 minute read) Hi there accounting fans! Following on from the previous article talking about provisional tax, let’s focus on the different methods for calculating provisional tax. In the previous article, we talked about the three methods of calculation: Standard Estimation AIM (Accounting Income Method) It’s important to preface that Estimation
(provisional tax – 4 minute read) Hi there accounting fans! We’re back again with another tax article! (Haven’t had one of these for a while). If you are in NZ – it’s the first month of the financial year. In other words, TAX TIME! Naturally, many business owners are stressing about taxes. This is normal.