Tax

Cryptoassets and tax

Cryptocurrency? Bitcoin? The blockchain? Did you dive in as an early uptaker or are you still getting used to the terminology? From the start, the cryptoasset sector has attracted people fascinated with emerging technology and keen to explore its potential for wealth creation. Inland Revenue has released guidance on various aspects concerning cryptoassets and taxation …

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Meal expenses – Income tax and GST

It can come as a surprise to find out that the income tax and GST treatment of mealexpenses for self-employed people differs from that of meal allowances paid toemployees. And it’s different again under the entertainment expenditure rules. If you’re self-employed you usually cannot deduct meal expenses as they aredeemed private or domestic expenses, although …

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MERRY CHRISTMAS

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 …

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Let us entertain you (but be aware of the tax treatment)

‘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 …

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Our Quick Queries service

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 …

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