News
Business Boost
Investment Boost has passed into law, meaning a major new tax incentive to encourage businesses to invest, grow the economy, and lift wages is now in place, Finance Minister Nicola Willis says. “Investment Boost takes effect immediately. This means businesses that go out today and buy machinery or tools or equipment or vehicles or technology can immediately deduct 20 per cent ...
Get ready for the healthy homes July deadline
Are you a private landlord? Make sure your rental properties meet the healthy homes standards by 1 July 2025. Find out what to do now. The healthy homes standards are designed to make homes warmer, drier, and healthier for tenants. They have minimum standards for heating, insulation, ventilation, moisture ingress and drainage (for example guttering and downpipes), and draught stopping in rental ...
Minimum wage rates are going up
Get ready for the minimum wage increases now so that you are paying your employees the correct rate next month. Wage rates are going upFrom 1 April 2025: The adult minimum wage will go up from $23.15 to $23.50 per hour the starting-out and training minimum wage will go up from $18.52 to $18.80 per hour all rates are before tax and any lawful ...
Claiming business expenses - tips & tricks
What are expenses? Expenses are the costs you incur in the day-to-day running of your business. At tax time, your total profit (the amount you need to pay tax on) is your taxable income minus the expenses you can claim — so the more you can claim, the less tax you have to pay. Business expenses(external link) — Inland Revenue Tip: Getting a tax ...
Managing stress at tax time
Tax time doesn’t have to be stressful. With good planning and clear processes, you can make it easier on yourself. Learn three tips for reducing stress at tax time. Watch: Reducing stress during tax time - external link. What this helpful video to learn tips for reducing your stress. 1. Don't leave things to the last minute.2. Get everything in order.3. Reset ...