GST on Court Settlements
We are discussing a document, published by the New Zealand Inland Revenue Department (IRD), that explains how goods and services tax (GST) applies to court
Resources
Useful content for small business regarding your financial obligations and best practices
Tax on short-stay accommodation
In this episode, we discuss a draft bill on tax on short-stay accommodation. This draft QWBA has been prepared on the basis that this amendment
Accounting Regulations
Entertainment expenses
In this podcast, we are discussing the tax deductibility of Entertainment expenses.
Accounting Regulations
Fringe Benefit Tax on private use of company vehicles
This podcast summarizes the key points from the New Zealand Inland Revenue’s (IRD) Exposure Draft Fact Sheet PUB00453. It focuses on understanding when travel by
Accounting Regulations
Tax-deductible Expenses for Real Estate Agents
Guidelines about tax-deductible expenses for Real Estate Agents. Follow this link to download the IRD guide: IR830A – Claimable Expenses
Practical Advice
Why your net profit is not reflected as available funds in your bank account
I am frequently asked the following question: My business is reporting a net profit at year-end, and I would expect an amount equal to my
Practical Advice
How to calculate your Income tax and Provisional tax
Al lot of our clients are unsure how to make provision for income tax payable and sometimes they estimate or guess a certain percentage and
Practical Advice
Income Tax, GST & PAYE explained
There’s always some confusion about taxes payable. Ziegfried explains the difference between PAYE, GST and Income Tax. He also provides guidance on how to interpret
Practical Advice
Why did I end up with an additional tax bill?
At year-end, you might end up with an additional tax bill, even if you have paid yourself a PAYE salary from your company. Ziegfried explains
