February 9, 2017
Did you know that a $70 lunch may only give a tax deduction of $6.13?
How often have you heard a business owner say "It's ok, it's a business expense and I can claim it for tax"? Do they really understand that a $70 lunch or dinner may only provide a tax deduction of $6.13? Would you spend $70 to only get $6.13 back? Our take home messages ar...
February 2, 2017
So what are the different methods for doing my GST?
Following on our GST theme, this blog will explain the difference between 'GST basis' and outline the advantages and disadvantages of each. In a nutshell, you can pay GST when you receive the cash from your customer, or when you issue an invoice to your customer. Either opti...
January 24, 2017
Do I need to register for GST?
One of the most popular questions often asked from people starting a business is, 'do I need to register for GST?' This article will answer that question. GST is a tax on consumption, on goods and services supplied in New Zealand. This is different from income tax which is...
GSTTax TipsAgBizAccountantsGST requirementsPay Less TaxBusiness Health CheckBusiness lunchesBuying a homeCapital GainsCash and ProfitCashflowCompany's - tax rate of 28%Crypto TaxCryptocurrencyCryptocurrency Taxdeductible for taxEntertainment TaxFarming Deductions for Home OfficeFinancial expenditureFirst Home BuyerHome OfficeHome Office Expenses for Business OwnersHybrid BasisIncome TaxInvoice BasisParents Gifting to ChildrenPartnership - taxed at each partner's marginal taxPayments Basisregistered for GSTTax DeductionTax Efficiency and Business StructureTaxable PeriodTrust's - tax rate of 33%Understanding Taxvoluntary GST registration