In a world where time is money and admin is a killer, contractors need more than just tools—they need a stack. Here’s why we think Wise and Prosaic are the dream team for freelancers, tradies, and side-hustlers across Aotearoa.

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.