How does a Shareholder Current Account work?
A Shareholder Current Account is a record of transactions between a company and its shareholders. Let’s explain how it works.
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Welcome to our Traktion Blogs page – your go-to source for expert insights on accounting, strategic tax planning, business advisory, HR solutions, and performance coaching. At Traktion, we are dedicated to empowering businesses with the knowledge and strategies they need to thrive.
Whether you’re looking to optimise your finances, enhance team performance, or gain clarity in your business direction, our blogs are designed to provide actionable advice that aligns with your goals. We cover everything from strategic tax planning to business improvement techniques, ensuring you have the tools to achieve consistent growth.
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A Shareholder Current Account is a record of transactions between a company and its shareholders. Let’s explain how it works.
An SCA can be a bit of a mind-bender because you have to keep in mind that the company isn’t you!
It’s in every business owner’s best interest to track and claim all of their expenses. After all, the higher your expenses, the lower your profit. That means less tax to pay.
Should you bring a personal vehicle into your business? Surprisingly, it’s sometimes better if you don’t!
Of course! The better question is – how much can be claimed?
Like most business owners, we love it when clients understand what we do and want to know more about our world.
Tax pooling has been around since 2003 but most people have no idea of this attractive option to pay income tax.
The personal income tax (PIT) brackets have been updated in Budget 2024. Is your payroll system prepared for these changes? Read on for the details on the new income tax brackets.
As a business owner, it’s important to make enough profit to cover your personal expenses. But how do you determine your regular “income” when your accounts are only prepared annually?
Discover what’s in financial statements, why they’re created, and who finds them helpful.
One of your many obligations as a business owner is pay tax and my goodness, there are a lot!
Learn more on the tax that most small and medium business physically pays to Inland Revenue.
To register or not to register? That’s a very good question faced by business owners when starting up, and also when expanding operations. Read further for answers to your questions.
75 Childers Road,
Gisborne 4010, New Zealand
75 Childers Road,
Gisborne 4010, New Zealand
75 Childers Road,
Gisborne 4010, New Zealand
