Thinking about becoming an employer?
Before becoming an employer, you need to understand the time and cost of doing so. Inland Revenue has issued a handy guide for first-time employers. This is more aimed at…
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Spent money from a personal bank account?
When you’re starting a business there’s lots to get set up at once, including bills to pay immediately. This can mean that not all business expenses go through your business…
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How to correctly claim your home office expenses
Perhaps you’ve turned a spare bedroom into an office. Or, you could be storing stock in a shed you’ve got out the back. If you’re doing either of these, it’s…
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Business tips – reduce expenses
Looking at what you’re spending on a regular basis can feel like it takes up time you don’t have. However it’s important to remember that markets change regularly, and what…
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Business tips – customers
Your customers can often be your biggest asset in a business. Because if no-one is buying then – do you even have one? Here we discuss a few tips for…
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Myth busting – assets buy vs lease
Quite a few misconceptions float around the question of whether to lease or buy an asset for your business. Myths arise from what we want to do, as opposed to…
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How business owners should pay themselves
We’ll start with the best method to transfer money from the business to your personal account. Then we’ll touch on tax. ▶ How you should pay yourself ▶ Income tax…
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Covid Support
This is an update on the Government’s Covid Support packages available (as of 29 March). ▶ Resurgence Support Payment ▶ Short-Term Absence Payment ▶ COVID-19 Wage Subsidy Support March 2021…
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What motor vehicle expenses can I claim for my business?
Here’s the deal. Everyone is trying to make the most of their ability to record their personal vehicle use as a business expense, and in response, the IRD is doing…
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What expenses can I claim for my business?
It’s in every business owner’s best interest to track and claim all of their expenses. The higher your expenses, the lower your profits. And that means less tax to pay.…
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