Your GST return is due on the 28th
August 23, 2021
Your GST return is due soon.
You need to file your GST return at the end of every taxable period (this may be monthly, 2 monthly or 6 monthly depending on the frequency you have chosen for your business - you can check this with us).We can help you file your return and ...
Accounting 101: Rental Properties and Tax FAQ’s
August 11, 2021
Do I have to return GST on rental income, and can I claim GST on any rental expenses?
No. Properties used in a long-term residential rental activity are an exempt supply for GST purposes - no GST can be charged on rent income or claimed on expenses.
Note that residential pro...
Paying tax on your shares
July 1, 2021
Investing on a share platform like Sharesies or Hatch? Should you be worried about paying tax on your dividends or when you sell? We have some tips.
There’s been a boom in direct share investments since the lockdowns of 2020 with platforms like Sharesies, Hatch and InvestN...
What does the new top tax rate mean for you?
March 29, 2021
On April 1, we move into a new financial year for most Kiwi businesses – and the new top personal tax rate comes into effect. For individuals earning over $180,000, that top chunk of income will now be taxed at 39% instead of 33%.This will only affect you if you personally...
Important employer tips for 1st April changes!
March 18, 2021
Minimum Wage IncreaseOn 1 April 2021 the minimum wage will increase to $20 per hour. This rate applies to all employees 16 years and over. The starting-out and training hourly minimum wage rates will increase to $16 per hour, remaining at 80% of the adult minimum wage.Refer ...
Make sure you consider the business support and tax relief measures introduced because of COVID-19 so you can sail as smoothly as possible into the new financial year.There are some things you may not be used to thinking about when you prep for end of tax year:New rules to k...
GST due
September 30, 2020
Reminder, GST is due on Wednesday 28th of October for the period ending 30th September. Provisional tax is due if you have a March, May or June balance date and are filing GST on a 6 monthly filing frequency. ...
Accounting 101: Using Tax Pooling for late or underpaid tax
August 12, 2020
Have you missed your tax payment? Worried about the IRD’s late payment penalties and use of money interest (UOMI) charges?
Then tax purchasing could help you!
New Zealand tax-payers have to pay tax on certain dates, at certain amounts, depending on their income levels.
If ...
Provisional Tax Threshold raised to $5000
August 11, 2020
The New Zealand Government recently passed legislation to increase the provisional tax threshold from $2,500 to $5,000. So, if you normally pay provisional tax on 28 August, you may now no longer have to and you shouldn't be alarmed if you do not receive the usual remin...
Your quarterly Fringe Benefits Tax return is due soon
July 14, 2020
Your quarterly FBT return is due soon.If you’re an employer, and you provide benefits to your employees that are additional to their salary or wage, such as personal use of a company vehicle, you need to pay tax on these. This type of tax is called Fringe Benefit Tax (FBT)...
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