What are the "Attribution Rules"
Simon Manawaiti Simon Manawaiti

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.

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Understanding Shareholder Current Accounts and Drawings
Simon Manawaiti Simon Manawaiti

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

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