In my interactions with clients, I often come across small business owners who are facing numerous challenges. They are focused on marketing their business, attracting customers, and honing their expertise. Invoicing and tax tend to take a back seat, as the business owner’s immediate priority is..Read Article
Keeping on top of the tax obligations for your business is obviously important. You want to make sure you pay the correct amount of tax, and pay it on time to avoid penalties with the IRD. This is not difficult, especially with the help of..Read Article
One of the confusing things I speak to clients about is the types of tax they have to pay that are related to their income: •Income tax•Residual tax •Provisional tax •Terminal tax It can be hard to get your head around what each type of tax is and when..Read Article
Apart from a few special rules, any cost necessary to run your business will probably be tax deductible. However, there are a few things to be aware of - some items that you might assume could be claimed can't be, and conversely, there may be others..Read Article
From time to time clients contact us to ask what their employees are entitled to with regard to annual leave and sick leave. This is obviously an important thing to get right, for both employers and their staff. The Labour Party made a promise before the..Read Article
Hopefully the “post-Covid” reference in the title is not tempting fate, but at the time of writing New Zealand appears to be in an enviable position in terms of control of the public health side of the Covid pandemic. However, battling through the economic fallout..Read Article
Since 2009, the Inland Revenue Department has been cracking down on industries known to pay workers under the table (i.e. undeclared cash payments). According to an article in the NZ Herald in April 2018, New Zealand is missing out on about $800 million in its annual tax take..Read Article
Depreciation is the reduction in value of an asset over time due to wear and tear. In New Zealand, the Inland Revenue Department (IRD) allows depreciation on certain items to be claimed as a type of expense for income tax, so it is beneficial to..Read Article
I thoroughly enjoyed Property School. Thank you. - Terrence, June 2018
Investing in residential property?
If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.
Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.