Do you understand the residential care thresholds, and do you know what this includes? Eligibility for the government’s Residential Care Subsidy must be assessed by healthcare professionals rather than it being your own choice.
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
Income insurance scheme is a hot topic, but is it a hot topic for the right reasons & what are the reasons behind the scheme? Let’s dive in…. #incomeinsurance #scheme #nz
Changes are afoot for domestic trusts, IRD will require any trust that derives income to disclose additional information for the 2021/2022 financial year onwards. But there are some exclusions… let’s have a look at what this means for your obligations.
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.
Do you run or operate your business from home? Are you claiming all your business expenses? And are you claiming them correctly?
If you are an employer and provide employees with accommodation or pay them an allowance, then this is treated as an allowance and in most situations would be taxable.
Government passed legislation to temporarily increase the low-value asset threshold from $500 starting 17th March 2020 to 17th March 2021. The new $5,000.00 asset threshold is temporarily increased for low value asset depreciation.
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.