A threshold for reportable tax debt is now in effect, giving creditors greater protection from businesses owing debts of more than $150,000.
It’s been compulsory since 1 July last year for any new tenancy agreement to include an Insulation Statement.
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...
Sometimes boats and aircraft are used for private and commercial purposes. In such cases, the income from their use may be liable for tax.
If you rent out your holiday home sometimes, you may have to pay tax on that income.
If you receive income, you must pay tax. So if you have rental income, you have to pay tax on it, right?
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...
Get a clear cashflow picture before third quarter.
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.
The way contractors pay tax changed on 1 April, giving greater choice, and making it easier to get tax right.
Taxpayers who earn income from various sources may get caught short if they don’t plan ahead. This could come about in various ways:
A key principle of the tax system is taxpayers should pay tax as income is earned.
A tax bill passed in May made changes that affect cashflow.
The purpose of a business is to make money, and that means you have to know the difference between profit and cashflow.
You need to follow the following steps when paying 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...