Mark Gwilliam

How to avoid stress and save money on your New Zealand taxes

A good accountant can save you money on your tax by helping you to organise your affairs properly and to take advantage of all the possible tax deductions that are available. If you are running a small business in New Zealand, you are unlikely to have the knowledge or experience to manage your own tax […]

29/04/2010
Mark
Accounting and Tax, IRD compliance (GST/PAYE/FBT), Tax
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If you are running a business in New Zealand, you are liable to pay tax on profits after deducting allowable expenses from your income. Many people have an irrational fear of tax issues but if you familiarise yourself with the process and the regulations and hire a competent accountant to help you with compliance and […]

29/04/2010
Mark
Accounting and Tax, Business Development & Structures
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Your accountant will tell you that small business enterprises are the backbone of the New Zealand economy and are the biggest employers in the country. Ninety percent of these enterprises employ less than 20 people each. This is not surprising, as New Zealanders are highly entrepreneurial and willing to give new business ideas a go. […]

A guide to tax deductible expenses for the New Zealand property investor

Expenses that are deductible for tax for investments in New Zealand property follow the general principle that the expenses should have been incurred in connection with the property. Thus expenses of the following nature would be fully deductible for tax: – Accountancy fees for the preparation of property accounts, – Bank charges both for loan […]

28/04/2010
Mark
Accounting and Tax, Business Development & Structures
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You should involve the expert services of an accountant as soon as you have decided that you are going to set up a business in New Zealand. You will need to take a number of key decisions right at the beginning and your accountant can help you get these decisions right. Not that many of […]

Safeguard yourself against reckless trading with the help of your accountants

Have you considered asking your accountants for help if you are a director of a New Zealand business that is in trouble? Does the thought of your personal liability in the event of reckless trading bother you? No New Zealand business is immune to the global economic downturn and this may be a good opportunity […]

How your accountant can help you become a successful property investor

Your accountant should, at the very outset, help you to determine your investment goals in acquiring investment properties. You may be looking for high rental yields (often at the expense of capital appreciation) or for high capital appreciation (with a sacrifice in the yield). Your accountant will help you to plan the correct mix of […]

How top-flight accountants can help businesses navigate financial troubles

High quality accountants are not generally the first thing that comes to mind when your business is in financial trouble and that’s a pity. Inevitably, your focus is on trying to resolve your cash problems and to raise enough money to stay solvent. If you can get accountants to help you at an early stage, […]

How your accountant can help you go into business for yourself

Can your accountant help if you are planning to go into business? Yes, they can and in many more ways than you think. There are many reasons why you might choose to go into business for yourself. Perhaps you like the freedom of being your own boss. Or you would like to make money on […]

15/04/2010
Mark
Accounting and Tax, IRD compliance (GST/PAYE/FBT)
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GST is a tax on the supply of goods & services in New Zealand by a GST registered person on any taxable activity that they conduct out. The current rate for GST is 12.5%, although it may be zero-rated for exports. Some supplies of goods and services are ‘exempt supplies’ and may include: > Some […]