News
Discounted tax for your first year in business
If you’re new to business, you may be eligible for a discount for paying your income tax early. This applies to sole traders, contractors and partnerships. Start by checking if the early payment discount makes sense for your situation and your cash flow. Then set yourself up with good systems and get your tax ducks in a row. How it works In ...
Wishing you all a Safe and Happy Holiday
As 2020 comes to a close we wish you all a Safe and Happy Holiday. What a year 2020 has been!! Thankfully in NZ we have been spared from the terrors of Covid-19 that many other parts of the world have had to endure. So let’s be thankful and happy and take this Holiday season to recharge our batteries and get ready to ...
Tax Talk Newsletter Summer 2021
Be realistic with social media expectations You’re starting out in business, or maybe you’ve been in business a while but everyone is saying you need to have a social media presence. If you agree, and if you’re a small business, you have to be realistic in what you can do with social media. The first rule is not to overdo the number of ...
2020 Law changes round-up
From tax changes and parental leave, new vaping rules to marketing during the America’s Cup, check out this summary of 2020's new laws. A lot has changed this year, so make sure you know the new rules that apply to your business. Parental leave When: From 1 July 2020 What: Government-funded parental leave payments extended from 22 weeks to 26 weeks. Unpaid parental leave, ...
Reserve Bank proposes reinstating LVR restrictions
The Reserve Bank of New Zealand- Te P?tea Matua is seeking views on its plan to reinstate loan-to-value ratio (LVR) restrictions on high-risk lending with effect from 1 March 2021. LVR restrictions are used to reduce the risks to financial stability caused by higher-risk lending. The restrictions were removed in April to best ensure credit could flow and avoid an adverse ...