February 23, 2017
Home Office Expenses for Business Owners
As accountants, one of our roles is to create tax efficiency for business owners. We do this, by ensuring a business claims all entitled expenses to reduce profit and therefore pays less tax. One expense that may reduce taxable profit is a home office expense claim. Home ...
January 18, 2017
What is the difference between GST and Income Tax?
Income tax is a tax on profit while GST is a tax on consumption. This article will explain the differences and basic compliance requirements of each. 1. Income Tax Everyone who earns taxable income in New Zealand pays income tax. For employees, the employer deducts PAYE ...
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