The clocks have changed, flowers are blooming, lambs are skipping, and the mercury is rising; all signs that spring is in the air. Tradition tells us that this is the time to have a good clean-up and clear out of your house, but what about dusting off the proverbial cobwebs from your finances? Setting aside […]
Even though we’ve been here before, it doesn’t seem to make this nationwide Alert Level 4 lockdown any easier to deal with the second time around. Thankfully Finance Minister Grant Robertson announced last week that the Government has reinstated their Covid-19 Wage Subsidy Scheme and Resurgence Support Payment (RSP). Businesses that meet the criteria could […]
New Zealand is a nation of small businesses, so it’s important to acknowledge their importance. They are arguably the backbone of New Zealand’s economy, so we would love to dedicate this blog to giving tips for small businesses to set financial goals for themselves. Small businesses are those with less than 20 employees, and there […]
Cryptoassets have become increasingly popular lately among individuals. They are defined by IRD as “cryptographically secured digital representations of value that can be transferred, stored or traded electronically. They use some form of distributed ledger technology such as blockchain.” An example of a cryptoasset that you may have heard of recently are cryptocurrencies like Bitcoin, […]
The tax year is from 1 April to 31 March, so we’ve just entered the new 2021 tax year. The overall goal for the tax year that Inland Revenue (IRD) strives to help you with is that you pay the right amount of tax at the right time so that you don’t overpay during the […]
Here in New Zealand, it’s important to acknowledge that we have been luckier than other nations in terms of our COVID-19 situation. However, the situation is still present here and is still affecting people and businesses. IRD have said that if you are unable to pay personal or business taxes on time due to any […]
To start off with – what are tax codes? Tax codes are different from tax rates. Tax codes are only for individuals. They help your employer work out how much tax to take out of your pay, benefit or pension. You need to work out your tax code for each source of income you receive. […]
Have you started a small business and want to know more about your GST options? Well, look no further. GST (Goods and Services Tax) is a tax that is added to most goods and services usually at a rate of about 15%. If you sell goods or services then you may want to look into […]
Need an extra hand managing your income tax? Well, provisional tax can help! Provisional tax can help you manage your income tax by paying instalments during the year instead of a huge lump sum at the end of the year. So, how do you know if you have to pay provisional tax? You’ll have to […]
It may seem like a lifetime before our economy goes back to normal again, but New Zealand is turning around a lot faster than any other country. And while you may be preparing for your next steps as a business, the Ministry of Social Development (MSD) have initiated the extreme task of auditing some applications […]