Business protection
Creditors get more protection from indebted businesses

A threshold for reportable tax debt is now in effect, giving creditors greater protection from businesses owing debts of more than $150,000.

Happy tennants
Tenants must be informed of insulation status

It’s been compulsory since 1 July last year for any new tenancy agreement to include an Insulation Statement.

Hotel room
Airbnb usually a tax case on its own

If you use Airbnb to provide short-term accommodation in your house in which you also live, the IRD’s “mixed-use asset (holiday home)” rules don’t apply and guests are not classed...

Plane
Boats and aircraft may generate a tax liability

Sometimes boats and aircraft are used for private and commercial purposes. In such cases, the income from their use may be liable for tax.

Beach house
Must I pay tax on holiday home income? That depends

If you rent out your holiday home sometimes, you may have to pay tax on that income.

Net Calculator2
Tax is payable on rental income . . . mostly

If you receive income, you must pay tax. So if you have rental income, you have to pay tax on it, right?

budget
What you need to know about this year's budget

Most of you will be aware of the latest budget announcement. Below we have outlined the key takeaways from this year's budget, including changes to the tax thresholds and an...

Business Health Check2
Business health check

Get a clear cashflow picture before third quarter.

WR2
R&D tax credit changes can boost cashflow

Changed Research and development (R&D) tax credit rules, which came into effect at the start of the 2016 income year, can help business cashflow.

Calaculator2
Contractors get more tax choice

The way contractors pay tax changed on 1 April, giving greater choice, and making it easier to get tax right.

WWDW2
Several ways taxpayers can get caught out

Taxpayers who earn income from various sources may get caught short if they don’t plan ahead. This could come about in various ways:

FWAFA2
IRD AIMs to please – next year

A key principle of the tax system is taxpayers should pay tax as income is earned.

Cash Flow2
Fairer tax rules affect cashflow

A tax bill passed in May made changes that affect cashflow.

Net Calculator2
Cashflow is not profit – and vice versa

The purpose of a business is to make money, and that means you have to know the difference between profit and cashflow.

Contractor1
Paying Contractors

You need to follow the following steps when paying contractors:

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Law change: Tax and Contractors

If you are a contractor already under schedular payment rules: You must complete the new tax rate notification form (IR330C) when you start any new job on or after 1 April...

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