The hardest working employee on the farm is the loyal farm dog – worth their weight in gold! But how do we treat the purchase of a new farm dog? Is it an asset? livestock? Or should it be expensed? #tax #gst #livestock
Petrol is a hot topic right now! With fuel prices skyrocketing, it’s worth a moment to consider if you can claim any of those dollars back.
At the end of a long hard week, the boss pulling out a chilly bin of cold beers is always going to boost team morale. Even with a strict ‘no shop talk’ policy, chewing the fat over a drink or snack provided by an employer does wonders for team building and is a long-honoured tradition for many New Zealand businesses. But what is claimable & what is not?
Do you run or operate your business from home? Are you claiming all your business expenses? And are you claiming them correctly?
Looking to scale your business? You’ll need to work more on it & less in it. Consider outsourcing the following to better leverage your time: marketing, design, admin, feedback, stock management, CFO, bookkeeping & payroll! Need help?
IRD are moving away from cheques… it’s time to start preparing for the changes to come.
In March 2017 IRD released a change to the way that expenses can be apportioned and claimed for farming businesses. The new rules take place for the 2018 income tax year. Although these changes are specifically targeted at farming, all business owners need to be aware that IRD are starting to look closer at business/private apportionment's.
IRD have introduced the new GST MyIR platform, but this comes with a warning!
The Government announced some big changes this year and they are now already in effect…. road user mileage, residency, ACC levies and paid parental leave, these are just to name a few. Are you aware of the new rules and how they could affect you?
The Government has announced that businesses will need to provide their bank details for GST refunds to be direct credited into from February 2017.