Our latest blog post explores the benefits of using bank rules in accounting, emphasising how they can streamline processes and reduce errors. We explain how bank rules work, highlighting their ability to automatically categorise transactions based on predefined criteria.
Read moreWhy the %#@! are Tax Payments for Terminal Tax and Provisional Tax so Close Together?
This blog post explains why Terminal Tax and Provisional Tax payments can feel close together at this time of year. It highlights the importance of keeping good financial records and offers budgeting and money-saving tips to avoid cash flow issues.
Read moreUnderstanding the Small Business Cashflow Scheme (SBCS) in New Zealand
We’re starting to see some Small Business Cashflow loans being defaulted on and called in by the IRD. We go over what this means and how to navigate through once this happens.
Read moreEssential Tips to Help Complete the IR330C form
The IR330C (Tax rate notification for contractors) form is an IRD form filled out by contractors, freelancers, and other self-employed individuals when they are working for large ‘labour hire’ organisations and other specified activities in New Zealand.
Read moreEnsuring the Tax Mailman Gets Through
We have recently encountered an issue where some of our tax payment emails are being diverted by high-level email filters, resulting in them either ending up in the spam folder or not being received at all.
Read moreHow to Pay Inland Revenue Debt by Credit Card in New Zealand: Surprising Advice
Should you use a credit card to pay off IRD debt?
Read moreUnderstanding New Zealand's Brightline Test: What You Need to Know
If you sell a residential property in New Zealand within a specific period, you are required to pay income tax on any profits unless the property is your primary residence or another exemption applies.
Read moreEmploying Family Members as a Sole Trader in New Zealand
While registered companies can freely employ family members, sole traders must seek approval from the Inland Revenue if they wish to bring their spouse or partner into the business.
Read moreNavigating New Zealand's Platform Economy Tax Changes
We explore the implications of new legislation on GST, information collection, and the responsibilities of platform operators. Learn how these changes impact businesses and individuals in the platform economy and gain insights into how accountants can adapt to best serve their clients in this evolving landscape.
Read moreR&D Tax Incentive: Understanding Eligibility for Your Business
We want to shed some light on the Research and Development (R&D) Tax Incentive in New Zealand and help you determine whether your business is eligible to take advantage of this fantastic opportunity.
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