Tax payments — when received in time

Tax payments — when received in time

On 24 October 2018, Inland Revenue released a draft standard practice statement (SPS) for public consultation setting out Inland Revenue’s practice for accepting tax payments as having been made in time. The reference number for the draft SPS is ED0208 and the...
Handling your growing pains

Handling your growing pains

Expanding your business can be exciting, but if you grow too fast – and without adequate planning – you could face major problems. Besides the uncertainty of how long the growth period will last, it’s common to lose focus of some of the factors that play a key role in...
Get up to speed – new rules for motor vehicles

Get up to speed – new rules for motor vehicles

Did you know the mileage rate we’ve been referring to for years is now the kilometre rate? If you’re a sole trader or in a partnership (and use your own vehicle for business), you can claim your running costs as an income tax deduction. Traditionally, if you own a...
To claim or not to claim?

To claim or not to claim?

Planning a summer business trip with a personal holiday tacked on the end? Renting out the bach and unsure what expenses can be claimed? Whatever your situation, we want to make sure you’re getting the expense claim tax break you’re entitled to. Here’s the lowdown on...