Accounting and Tax

7 ways to pay your accountant less

Using a Chartered Accountant and paying their accounting fee is often considered a normal part of running a business. It’s important for you to consider what you’re getting for your money.  Before shopping around to reduce your accounting fees, compare the value that you’re receiving from your accountant. Let me elaborate with some examples: Scenario […]
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How to get the best from your accountant.

If you are like many business owners, you out a great deal of trust in your accountant when managing your financial affairs.  But not only that, your chartered accountant provides information on what you must do to comply with the myriad of compliance and legislative requirements you need to follow.  They also play a vital […]
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How to find an accountant that suits your needs

Small business owners often choose their accountant without doing the right kind of homework or even giving it careful thought. Unfortunately, if you have selected the wrong kind of accountant for your particular requirements, unless you do something about it immediately, it becomes exceedingly difficult to switch at a later date. Your accountant becomes familiar […]
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The best way to save money on your tax

Everyone knows that tax, like death, is inevitable. Are you going to take the attitude that because it is inevitable, you are going to do nothing about it? Do you really know how much you shell out in income tax and other taxes every year? Nobody is suggesting that you evade taxes but wouldn't you like to reduce them to the minimum? Do you know and appreciate the difference between tax avoidance and tax evasion?
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Planning for success in your New Zealand business using your accountant

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. […]
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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 […]
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