Tax

You’ll generally be entitled to claim a NZ tax deduction for all work-related travel, which may well include: Business travel between business premises; Business travel overseas Business travel to acquire assets and equipment Note:  The Inland Revenue Department may request that you support your claim for business travel expenses with appropriate records. One of the […]

For many, tax is a sizeable “expense” of doing business. Business owners have always had opportunities to lessen their tax bill, legally. The focus has always been on the small business owner to “find” an accountant who is prepared to help them. Until they did, they were repeatedly oblivious of what “clever” business owners have […]

In the current economic climate, you may be tempted to take in some private boarders or student homestays to top up your income. This article aims to give you an overview of the tax implications if you do so. If you receive income from private boarders, including student homestays you can choose one of 2 […]

The IRD recently amended the mileage rates that can be claimed for business use of a motor vehicle expenditure.  The new mileage rates apply for the 2009 income year, ended 31 March 2009. Self employed business owners may use one of the following methods to calculate the proportion of business use of a motor vehicle: […]