Beany resources

What is Kiwisaver and how does it work for self-employed

There are confusion around Kiwisaver for self-employed Kiwis. This blog answered the common questions, from what is...

Personal and private use of business assets

Knowing if you've used your business assets for personal and private use is essential for tax deduction at the end ...

Our most common tax questions in NZ

Borrowing? It’s not you, it’s the lender.

To borrow money, you need to prove you have value in the underlying asset (can the lender sell it and recover its m...

Trusts – do you still need them?

Back in the ‘old days’, it was common practice to purchase a family property and put it into the trust as there are...

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...

Is your hobby a business?

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

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.

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.