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Tax Talk Newsletter Winter 2025
Budget 2025 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 ...
Tax Talk Newsletter Autumn 2025
Prepare now for annual accounts March 31 is approaching – tax balance date for most people. Get your house in order to minimise hassles and tax.Bad debtsIf someone owes you money and you don’t think they’ll pay, you need to write it off as a bad debt before your balance date. You can’t decide later—it’s against the rules. Check your debtors ...
Tax Talk Newsletter Summer 2024 - 2025
Undercharging a recipe for disaster We all know most businesses fail within their first five years. There are many reasons, but one of the most consistent issues, especially for new business owners, is pricing. It’s a tricky area, with the huge temptation to underprice the market to get new business. That strategy is a recipe for disaster. Undercharging is universally recognised as the ...
Tax Talk Newsletter Spring 2024
Common myths a trap for newcomers Running a business can be challenging, and dealing with taxes can add to the complexity. Here are some common myths that often confuse new entrepreneurs. Myth #1: Taking less out means less tax While the money you take out is considered income, it's not your taxable income. Taxes are based on your business profit, which is your sales ...
Tax Talk Newsletter Winter 2024
“BUDGET 2024” - TAX POLICY ANNOUNCEMENTS Personal tax cuts confirmed in Budget 2024 The coalition government’s first budget has been delivered against the backdrop of a declining economy The much-anticipated detail of changes to personal tax thresholds have finally emerged. The government made no secret that tax relief was on the way f or New Zealanders, however, exactly what form those changes would ...