Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from invoice scams, and it can help you get paid faster. E-invoices replace emailed PDF invoices or links to online invoices. Instead, e-invoices are delivered securely to your clients, even across different accounting systems. Preventing invoice fraud Invoice …
Happy Christmas everyone, And a big thank you for your custom over the last year. The team has enjoyed working with you to enable you to achieve your goals. We are looking forward to continuing to do so in the New Year. I think we all agree that it has been trying year and I …
Our prediction that 2021 would be better than 2020 was a bit off target! We’ve made it through though, and hopefully 2022 will bring about new successes. Attached is a short eBook, providing some light reading, activities to help you enjoy the three freedoms, and a cocktail recipe to reflect the year that was; we …
If you run your business as a company, and you make a vehicle available to an employee to use privately, you’ll be liable to pay fringe benefit tax (FBT). This applies on vehicles made available to: 1. employees (and their associated persons), and2. shareholder-employees This applies whether the vehicle is actually used for …
Motor vehicle business use and FBT for companies Read More »
‘Tis the season for saying thanks to customers and staff, typically with gifts, wining, and dining. Refresh yourself on what the tax rules are if you plan on claiming the expenses. Examples of where entertainment expenses are 50% deductible include: • Taking customers, suppliers, and associates out for dinner or putting on a function for …
Let us entertain you (but be aware of the tax treatment) Read More »
As your accountant, we want to work with you on an ongoing basis as your trusted adviser, rather than just focusing on last year’s numbers. So that you’re comfortable contacting us, we don’t charge for quick queries. Our Quick Queries service helps unlock opportunities for tax savings and prevents you making mistakes that may …
The season of giving is on us. While the fun part is thinking about parties and presents, take a moment to remind yourself about the tax rules. If your Christmas giving includes gifts to clients, remember that some gifts will be fully deductible while others will be only 50% deductible. The rule of thumb with …
With a new top tax rate of 39% now in place, other tax rules have also been tweaked to make sure they all align. Trusts now have new rules on disclosures, in an effort to prevent people from using trusts to avoid paying additional tax. Previously, trusts have not needed to file financial statements or …
Each year we offer our clients the opportunity to take up tax audit insurance with Audit Shield. We often end up answering the following questions: – What is audit insurance? The policy we offer to our clients covers the professional costs incurred when the Inland Revenue select them for a tax audit, …
Around one in five Kiwis is either invested in cryptocurrency or plans to invest, according to a survey by the Financial Services Council. With so many of us jumping into cryptoassets, it’s helpful to understand what our tax obligations are. Last year Inland Revenue updated its guidance on how these assets are taxed; the IR treats …