2023 Year End – Tax Planning Checklist For year ending 31 March 2023 Below is a checklist of matters relevant to all business entities which you should consider, some of which may help you reduce the amount of tax you have to pay. Provisional Tax Elections and Use of Money Interest and the 39%…
Day: March 23, 2023
GST and the new Airbnb/Uber Tax
GST and the new Airbnb/Uber Tax If you offer accommodation or ride share services in New Zealand via an electronic marketplace (e.g., Airbnb or Uber), new GST changes will impact on you from 1 April 2024, although the National Party has stated it will repeal the change if they are elected to Government in October…
Fundamental GST changes coming your way
Fundamental GST changes coming your way Ever since GST was first introduced in 1985, businesses have become very familiar with various aspects of GST which have been fundamental to meeting their GST compliance obligations. Under the guise of “modernising GST” the Inland Revenue is introducing a number of invoicing and record keeping changes that…
Accounting for Buying or Selling a Businesses
Accounting for Buying or Selling a Businesses Buying or selling a business from an accounting perspective isn’t as straightforward as you may think. It is important to consider all aspects and ensure the details are correct from the beginning to avoid an unexpected tax bill once the transaction is complete. In particular it…
Tips to get your business ready for year-end and the year ahead
Tips to get your business ready for year-end and the year ahead The 2023 financial year-end is just around the corner. Now is the time to ensure you work through a year-end process (see below) to maximise your tax deductions and minimise your tax bill. Now is also a good time to finalise goals for…