AIM – new provisional tax option for small businesses: From April 2018 small businesses that have turnover of less than $5 million a year can work out their provisional tax using the accounting income method (AIM). How AIM works AIM uses...
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The Labour coalition made immediate changes when they were elected into government, starting with repealing National’s planned tax bracket changes. Labours new ‘mini-budget’ is intended to benefit low-income earners, middle-income families with...
Read MoreThere is a growing trend for businesses today, whatever their size, to move to the “cloud”. The cloud is an online platform to make data and software accessible, anytime, anywhere and from any device. Gone are the days of being chained to your...
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When an asset, such as a bach or a boat, is used both privately and to generate income, prescriptive rules exist within the Income Tax Act that determine the extent to which a tax deduction is available. Expenses broadly fall into three...
Read MoreAUCKLAND TRANSPORT – FUEL TAX Filling up the tank in Auckland will soon cost more than the rest of the country. A 10 cent per litre petrol tax is expected to be in place by July 1st. The tax will be added to the price of petrol and is hoped...
Read MoreFor people & organisations who don’t have a tax agent or extension of time.
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