Can my business claim motor vehicle expenses?
Of course! The better question is – how much can be claimed?
A guide to income tax for business owners
We’ve built this article around the questions we frequently get from new business owners. Scroll down, or feel free to jump straight to the one on your mind! What is provisional tax? The moment it’s anticipated that you’ll pay more than $5,000 in tax per year, you enter the IRD’s provisional tax regime. Provisional tax […]
Profit ≠ bank account balance
Did you know that cash and profit aren’t always the same thing? Let’s explore the reasons why they may not perfectly align.
How does a Shareholder Current Account work?
If you have a company structure*, you’ll probably see the line item ‘Shareholder Current Account’ in the balance sheet. It’s one of the most difficult concepts to understand. What is a shareholder current account (SCA)? When you first started your business, you probably invested some of your own funds and in the normal course of […]
Paying Tax (or Not)
Paying your fair share of tax is required by law, but paying too much is unnecessary.
