Love it or loathe it, Black Friday and Cyber Monday (BFCM) sales are mere days away with some retailers starting their sale period early. While it’s tempting to jump on the bandwagon and discount everything in sight, you’ll need a solid BFCM discounting strategy. Think about: The following discount strategies are designed to make your …
Even in tough times, it’s vital to manage your tax affairs to stay on Inland Revenue’s good side. Here’s what you can do.
Let’s look beyond the numbers by taking a holistic approach to your business health. By looking at few factors you can identify areas of strength and uncover opportunities you may have previously overlooked.
Tax Pooling can provide a better interest rate and a more flexible way of paying tax without having to worry about penalties. Tax pooling will work for you if you’ve missed payments or if you’re making payments. Talk to us to find out more.
Here are some key factors to think about this new financial year. 1. Higher income? Don’t forget provisional tax! 2022-23 was the first year in a while without Covid lockdowns or pandemic restrictions, meaning most businesses, especially those in the leisure or tourism sectors, enjoyed a better year. If you’ve earned significantly more this year than …
If you have been affected by the extreme weather, IR still want you to let them know when you reasonably can. There is also industry support available through Dairy NZ, Hospitality NZ, Restaurant NZ, Retail NZ, and our local business and growers associations.
The new rules on GST invoicing applying from 1 April 2023 may change your practice for GST invoices, including what records you keep.
As a general rule, if you provide entertainment for your team or clients, some of your business entertainment expenses are tax deductible. Download the guide to entertainment expenses.
Rewarding your team with vouchers or trips? Providing a car or a gym membership? FBT can be tricky, so make sure you’re calculating the true cost of employee perks. Fringe benefit tax is one of the trickier areas of day-to-day taxes for Kiwi businesses. What is fringe benefit tax? Fringe benefit tax, or FBT, is …
FBT – calculating the real cost of employee perks Read More »
GST changes are coming in 2023, designed to support e-invoicing and electronic record keeping. All businesses need to be aware of the changes to ensure their business processes can manage the new requirements. New rules modernising GST invoicing and record-keeping requirements will apply from 1 April 2023. The key change is removing the requirement to …
