2024 Budget Update: Great News for Kiwis!

Budget 2024 is here, and it’s packed with tax relief measures to help you keep more of what you earn. If you have children, you’ll see an average benefit of $78 per fortnight. In total, around 1.9 million households will benefit by $60 per fortnight on...

Provisional Tax vs. Terminal Tax

Understanding tax payments can feel tricky so we’ve broken down the basics of Provisional Tax and Terminal Tax. These two tax types are essential to managing your business finances and understanding them can help you avoid the infamous ‘second year tax...

Your car as a business expense: what can you claim?

Being self-employed can be tough – but it does have its advantages. One of those advantages is the possibility of being able to allocate some of your costs to business expenditure, so you reduce your tax bill. That includes your home office, your phone, and your...

Changes to the provisional tax method…

As you may have heard… The Inland Revenue have a new income tax payment method for business owners who trade through either a company or sole-trader structure.  Currently the method used is provisional tax – this is paid 3 times a year as well as terminal tax...