The 20% Plant & Equipment Deduction: A Nice Bonus, Not a Reason to Buy
The Government’s new 20% plant and equipment deduction sounds like a great deal – but don’t let it drive your buying decisions. Here's how it works and what to watch out for.
Wise + Prosaic: The Unexpected Power Duo for Kiwi Contractors
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.
What are the "Attribution Rules"
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.
Understanding Shareholder Current Accounts and Drawings
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