If you provide services through a company, trust, or partnership, the income attribution rules could apply to you. These rules prevent individuals from lowering their tax rate by diverting income to an associated entity. This post breaks down when these rules apply, key exemptions, and what it means for your tax obligations.

Shareholder Current Accounts track not only the money shareholders put into or take out of their company, but also some other non-cash items. This blog breaks down how they work, the tax implications, and what to do if your account becomes overdrawn

When you purchase a business asset, any repairs needed to make it usable are generally considered capital expenses and not immediately deductible. However, they may be added to the asset’s cost for depreciation purposes. This blog explains how the IRD classifies repair costs and what that means for your tax return. Written with input from Chat-GPT.

Navigating tax compliance can feel overwhelming, especially with Inland Revenue ramping up enforcement in 2024. From property audits to cryptocurrency disclosures, the stakes for startups and small businesses are higher than ever. At Accountech, we specialise in simplifying these complexities for creative entrepreneurs, so you can stay focused on your passion while we ensure your financials are compliant and stress-free. Written by Chat-GPT with input from Inland Revenue presentations.