Tax

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03-Oct-2018

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Tax deductions for small business owners

Tax time is fast approaching—it’s important to do your homework and know exactly what tax deductions you can claim.

29-Aug-2017 Float

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How Cloud Technology Has Transformed the Role of Accountants

The role of a tax accountant has been continuously changing over the course of the last 50 years, and it is currently undergoing yet another transition period with the growing popularity of cloud accounting.

20-Apr-2017

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“Let me tell you how it will be”: What the taxman can teach you about getting paid on time

I recently overlooked a GST bill.

The taxman is not okay with that. He wants his money. And fair enough; I want free healthcare and the other benefits of being a taxpayer.

28-Sep-2016 Business.govt.nz

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If disaster strikes, what happens to your tax, bills and any staff?

Emergencies that force you to stop trading, like earthquakes, floods or fires, come with little or no warning. To give your business the best chance of survival, you need a contingency plan. Make sure it includes what happens after disaster strikes, when less — or no — money might be coming in.

26-Jun-2016 Xero

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Home-based business owners: are you aware of these tax deductions?

Close to one million businesses in Australia are home-based – a significant portion of the nation’s business community.

Running a home-based business offers a number of advantages including flexibility, convenience, freedom and cost savings. And when it comes to tax time, operating a business at or from your home means you may be eligible for a number of tax deductions.

26-Jun-2016 business.gov.au

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Are you searching for an Australian Business Number (ABN)?

We’ve recently added an ABN search feature to the new business.gov.au. This feature is similar to the ABN search feature you may have used on our site previously.

26-Jun-2016 business.gov.au

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Claiming the costs for your business website

Your business website costs may be claimed as a tax deduction...

26-Jun-2016 ASIC's Moneysmart

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Tackling your tax in 2016

It's tax time again. Follow our top tax tips to make tax time a breeze.

26-Jun-2016 business.govt.nz

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Little to tax small businesses in 2016 Budget

There were few surprises for small businesses in the 2016 Budget, but there were still things to smile about. The biggest of these were aimed at boosting innovation and simplifying taxes. Here’s what you need to know:

25-Apr-2016 business.govt.nz

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Got staff? You need to know the new rules

If you employ people you need to take the time to understand a number of employment law changes.

25-Apr-2016 Xero

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e-GST and Xero Tax making it easier for small business

In December 2015, we started a GST pilot in which 1,400 businesses sent their GST returns from Xero direct to Inland Revenue. The very successful first phase of the pilot has just wrapped up. The small businesses who participated were enthusiastic:

25-Apr-2016 business.govt.nz

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Tax: Pay-as-you-go for better cashflow

New proposals will give small business owners a pay-as-you-go option for provisional tax — income tax by another name. This is one initiative in a package of proposed tax changes aimed at reducing the stress of tax compliance for businesses.

25-Feb-2016 business.govt.nz

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Four minute round-up of 2016’s law changes

Here’s a summary of upcoming law changes that affect small businesses — check out which apply to you.

25-Nov-2015 business.govt.nz

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Alert: Deadline to company director changes ended 28 October

From 28 October all New Zealand companies must have at least one director who lives in New Zealand, or who lives in Australia and is a director of an Australian registered company.

New Zealand companies that don’t comply risk being removed from the Companies Register.

If your company doesn’t have a New Zealand-based director, you will need to appoint one who lives in New Zealand or in Australia immediately.

There’s also additional information about directors you’ll need to provide when filing your Companies Office annual returns.

25-Nov-2015 business.govt.nz

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Government hours over Christmas and New Year

Most government agencies close down over Christmas and in early January. Here’s a list of who will be open and who shuts down for holidays.

25-Nov-2015 business.govt.nz

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Tax on Christmas parties and presents

It’s coming up to that time of year when you might be planning a staff Christmas party. It's great for morale and a chance to mark the end of the year. But what are the tax considerations?

You may be able to claim as business expenses events such as Christmas functions or giving gifts to employees.

25-Nov-2015 Inland Revenue

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Using your home for business

Many people who run a small business use an area in the home for work purposes. You do not have to have an area specifically set aside for the business. If you're doing this, you can make a claim for the area so long as you keep a full record of all expenses you wish to claim.

25-Nov-2015 Xero

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File your GST returns straight from Xero – pilot program

Last week Revenue Minister, the Hon. Todd McClay announced an industry initiative enabling businesses to file GST returns straight from Xero to Inland Revenue (IR), rather than having to file a separate return. No more filling out forms. Nothing to print, sign or post.

28-Oct-2015 Business.govt.nz

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Special tax codes and deduction rates: What to do

Sometimes an employee will ask you to make tax or student loan deductions from salary or wages that are not at the standard rate.

28-Sep-2015 business.govt.nz

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Checklist: Companies Amendment Act changes

If your business is a registered company, a law change means you must have a director who lives in New Zealand – or who lives in Australia and is a director of an Australian registered company – by 28 October.

You’ll also need to provide some extra information about directors and any ultimate holding company with your next annual return.

Make sure you’re sorted by following this quick and easy checklist:

28-Sep-2015 business.govt.nz

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Registering for GST? Four ways to avoid delays

You have to register for GST as soon as you think you’ll earn more than $60,000 in a 12 month period, but you may want to register earlier so you can claim back GST while your business is still small. Make sure you provide the correct information so your registration isn’t delayed by avoidable mistakes.

27-May-2015

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What does the NZ Budget Mean for Small Business?

The Government this month handed down the 2015 NZ Budget with a few surprises in store. This Budget continues to deliver on National Government’s pattern of fiscal responsibility. This is a positive thing for New Zealand business as it creates an environment of certainty and stability for businesses to invest.

17-Jan-2015 ReceiptBank

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Digital Tips to Attract Clients Online This Tax Season

Your website or LinkedIn profile will often be the first thing about your company that a prospective client sees, and as we all know, you only get one chance to make a good first impression.