Accounting & Tax

Entertainment Expenses – Income Tax and GST

The rules and exemptions for entertainment expenses can be complex. If you’re not sure, check with us on common types of expenses and their tax treatment.

GST invoicing changes are coming!

GST changes are coming in 2023, designed to support e-invoicing and electronic record keeping. All businesses need to be aware of the changes to ensure their business processes can manage the new requirements.

Can you claim clothing as a business expense?

Buying clothing for work can be expensive, whether that’s smart shirts or steel toecap boots. You only buy these clothes for your job, so it feels as though they should be business expenses, right? Not so fast…

Can you claim depreciation on your building?

Which buildings can you claim depreciation on? Inland Revenue has released a fact sheet setting out more information about which buildings can claim tax advantages – which could be worth many thousands of dollars.

It’s now over $11,500 a year to run your vehicle

Inland Revenue’s new rates calculate that cars cost 83 cents per kilometre to run – or over $11,500 each year. Are you running your car through your business or offering company cars as a perk for employees? Talk to us about tax.

What does Budget 2022 mean for you?

How will Budget 2022 impact Kiwi households, small businesses and first home buyers? We take a quick look at the highlights and what funding you might be eligible for.

#budget2022 #NZbudget

Does New Zealand really have no capital gains tax?

Should New Zealand have a capital gains tax – or does it effectively have one already? We look at what gains you’ll pay tax on, and what gains are tax-free.

Which new tax changes will affect you and your business?

With over 100 tax changes coming into effect in April, there’s sure to be something that will have an impact on you or your business. Take a look at our summary of the 13 most influential areas of change.

Reminder: End-of-year tax is due on April 7

Terminal tax is due on 7 April. If you’re feeling the cashflow pinch, don’t just ignore your tax bill – there are plenty of options designed to ease your stress, and we can help.

#taxadvice

Six ways to stay on top of tax this year end

2021 was a funny old year, right? Freshen up on relevant tax information you may have missed, check you have it all together so there are no unwanted surprises at the end of the tax year.