Blog & Resources
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As part of Budget 2025, the Minister for Finance, Nicola Willis, introduced Investment Boost– a new way for Kiwi businesses to reduce the cost of investing in new assets and equipment. Investment Boost is expected to lift NZ GDP by 1% and wages by 1.5% over the next twenty years, with half these gains in […]
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Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to […]
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It’s been a little while since our last newsletter, and we’ve missed connecting with you. But just like a well-balanced ledger, some things are worth the wait! We’ve been busy staying on top of the latest financial news and preparing some valuable insights and tips to help your business thrive. 2023 and 2024 have undeniably […]
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Budget 2024 is here, and it’s packed with tax relief measures to help you keep more of what you earn. If you have children, you’ll see an average benefit of $78 per fortnight. In total, around 1.9 million households will benefit by $60 per fortnight on average. The tax bracket thresholds have not changed in […]
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Understanding tax payments can feel tricky so we’ve broken down the basics of Provisional Tax and Terminal Tax. These two tax types are essential to managing your business finances and understanding them can help you avoid the infamous ‘second year tax shock’ that many new business owners face. Provisional Tax is an advance payment on […]
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As we approach the end of the year, it’s crucial to stay on top of both your tax obligations and any government assistance payments you may be receiving. We’ve compiled a comprehensive guide to help you navigate through upcoming tax deadlines and changes to payment schedules. 5 December PAYE – Large employers payments due for […]
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Being self-employed can be tough – but it does have its advantages. One of those advantages is the possibility of being able to allocate some of your costs to business expenditure, so you reduce your tax bill. That includes your home office, your phone, and your vehicle. Dividing up personal use and business use If […]
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Yes, it’s that time of the year again – here’s some checklists to make your (and our) job easier! Many of you are using accounting software that helps make the end of year a lot smoother than it used to be! However, we still need to check some information at year’s end – to help […]
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As you may have heard… The Inland Revenue have a new income tax payment method for business owners who trade through either a company or sole-trader structure. Currently the method used is provisional tax – this is paid 3 times a year as well as terminal tax the following year for a “wash-up” of any […]
