And here’s a heads up for all you wonderful people in the Construction Industry.
And here’s a heads up for all you wonderful people in the Construction Industry.
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 are changing the rules on vehicle mileage rates so you will need to record your odometer reading before you knock off work today!
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?
What is the Earthquake Support Subsidy? How can I apply and who is eligible?
The IRD are focusing on undeclared cash jobs in the construction industry. Are you aware of the outcome of not declaring this income?... It could lead to tax penalties and/or criminal convictions.
In a recent blog we wrote about entertainment expenses, what they are, and what is claimable, The Christmas season is also the time for gift giving. And as you would expect, there are certain rules around the level of deductibility that are explored in this article.
Now that we are in the final quarter of the year our thoughts typically turn to holiday celebrations. For you, this may also mean considering whether the celebrations are tax deductible. Over the years many people have asked these kinds of questions – so here it is – Christmas Expenses – what is deductible and what is not!