Beany resources

What happens if I’m trading while insolvent?

If your continuing business has insufficient money to pay bills in the normal course of business – employees, suppl...

What is withholding tax?

Sometimes it can be a minefield trying to understand all the different kinds of taxes! Here we will look at the mai...

Is your hobby a business?

Your hobby may be a business with income being taxed and expenses claimed.

What is fringe benefit tax (FBT)?

Companies could have many employees receiving all types of benefits. This is where fringe benefit tax comes in.

Help us reduce your tax bill!

We’re covering the Beany questionnaire, some tax tips, and a brief look at changes in 2022 laws which could impact ...

Is it under $1,000? Yes? It’s now fully deductible!

Fixed assets that cost less than $1,000 can be written off immediately.

At what stage is your business?

Like it or not, the world of business revolves around numbers. Tracking too many metrics can be just as damaging as...

Airbnb income and how to handle it

Tax on rental income in New Zealand can be complicated. We'll break down rules for income tax and GST whether it's ...

Cryptocurrency - Inland Revenue is catching up

For crypto assets, profits on the disposal are subject to income tax and must be included in your tax return.

Getting ready to exit your business

You've made the important decision to exit your business. Don't underestimate the work involved in this process.

Guest post – Why job management software could be your key to success