Tax

5 Ways to Boost Your Cash Flow

Budgeting and Forecasting Process Roadmap

Can your business succeed without a budgeting and forecasting process?  The answer is…probably, yes.   Good budgeting and forecasting processes are two important steps to skilfully run your business and achieve your financial goals.   The recent COVID-19 pandemic has put many businesses under significant financial pressure.  Here are nine ways to help you develop a simple […]
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COVID-19 GOVERNMENT SUBSIDIES

I hope you and your families are safe and well.  On day 1 of our national lock-down, many of you are wondering how the New Zealand’s government’s wage subsidy will work.  This article tries to give you a summary, although please don’t shoot the messenger as we are all trying to understand these new measures. […]
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Non-Resident Withholding Tax (NRWT)

If you’re a Kiwi tax resident and pay interest, royalties or dividends to a non New Zealand resident, the following will help explain New Zealand’s approved issuer levy (AIL) and non-resident withholding tax (NRWT) rules. Approved issuer levyIf you pay interest to non New Zealand tax resident bank or lender, you must deduct a percentage […]
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Claiming NZ income tax deductions for travel expenses

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 […]
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Tax on private boarders

In the current economic climate, you may be tempted to take in some private boarders or student homestays to top up your income. This article aims to give you an overview of the tax implications if you do so. If you receive income from private boarders, including student homestays you can choose one of 2 […]
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