2010 - Page 3 of 3 - Bizadvice.co.nz

Brief overview of Goods & Services Tax (GST)

15/04/2010
Mark
Accounting and Tax, IRD compliance (GST/PAYE/FBT)
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GST is a tax on the supply of goods & services in New Zealand by a GST registered person on any taxable activity that they conduct out. The current rate for GST is 12.5%, although it may be zero-rated for exports. Some supplies of goods and services are ‘exempt supplies’ and may include: > Some […]

14/04/2010
Mark
Tax
Comments: 3

You’ll generally be entitled to claim a NZ tax deduction for all work-related travel, which may well include: Business travel between business premises; Business travel overseas Business travel to acquire assets and equipment Note: The Inland Revenue Department may request that you support your claim for business travel expenses with appropriate records. One of the […]

Want to strengthen your business with some business transformation tips?

Business transformation needn’t be a process that’s restricted to the big corporations. In my experience, as an accountant and business consultant, one of the biggest challenges that most small business owners face is how they cope with the demands of doing everything. From formulating their business plan, to marketing their services or products, to managing […]

7 ways to grow your business in a recession

Are you struggling to survive the recession? If your business’ systems & structure are solid; you have the right team on board and you have your cash flow under control, there is every chance you will survive a downturn or recession. At the height of our recession, many small businesses focused on surviving, which is hardly […]

Are you at risk of you becoming another business failure statistic?

Every person who has ever tried to establish their own company knows it’s a difficult challenge to carry out. I’m in no doubt you know that more than 50% of small business ventures fail in the first 12 months & 95 out of every 100 fail within the first 5 years. But, that statistic doesn’t […]

22/02/2010
Mark
Tax
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For many, tax is a sizeable “expense” of doing business. Business owners have always had opportunities to lessen their tax bill, legally. The focus has always been on the small business owner to “find” an accountant who is prepared to help them. Until they did, they were repeatedly oblivious of what “clever” business owners have […]