Business Expenses you can claim

 ACC Levies and how they work

                   ACC provides personal injury cover for all New Zealand citizens, residents and temporary visitors                       to New Zealand .......

Business interest and RWT

                  Resident withholding income includes interest and dividends. Generally, resident withholding tax                         (RWT) must be paid .......

Contractors and schedular payments

                  Certain types of payments received by contractors are known as ‘schedular payments’. The                                  schedular payments regime determines the rate of tax .......

 Client gift expenses

                   Questions around gifts often come up when you want to celebrate special milestones in your                               relationships with valued customers .......

Employee accommodation and tax treatment

                  An accommodation allowance paid as part of an employee remuneration package is not liable for                      FBT.  However, it is subject to PAYE.....

Employee versus independent contractor

                  The question of whether a worker is an employee (working under a contract of service) or an                               independent contractor (working under a contract for services) is very important for all kinds                               of reasons......

Entertainment expenses table

                   See table........

FBT on company vehicles

                 When a company makes a vehicle available for an employee (including a shareholder-employee),                        the company will be subject to fringe benefit tax .......

Fines and deductibility

                  Fines are generally regarded as non-deductible on public policy grounds.  Even so .......

Foreign investment fund 

                  Investors who have certain types of overseas investments may have foreign investment fund (FIF)                      income and this is subject to specific tax rules......

Home used as office expenses

                  Claiming deductions for home office expenses has traditionally been the province of sole traders                        who used a home office for some or part of the time.......

Kiwisaver

                  KiwiSaver is a voluntary work-based savings scheme to help New Zealanders save for                                            retirement.......

Minimum wage rates

                  New Zealand’s minimum wage rates set remuneration rates for workers within the ranges of an                          8-hour day, a 40-hour week or an 80-hour fortnight.....

Mixed use assets 

                 Bach, boat or plane - getting the tax right.......              

Parental leave - employers

                  An employee can take unpaid parental leave from the workplace when.......

Payments to spouse

                  If you are a sole trader, no deduction is permitted.......

Reimbursing allowances paid to employees

                  A reimbursing allowance paid by an employer to an employee is tax free.......

Sponsorship

                  If you provide sponsorship for your team or community event.......

Stocktake

                   Taxpayers who either manufacture or buy and sell products have to value their stock.......

Travel allowances

                   Generally, expenses for travel between home and work are not allowable as deductions.......

Travel expenses, domestic and international

                   You may be able to claim an income tax deduction for travel expenses where.......

Trust administration and legal costs

                   Legal, accounting and administration expenses are fully deductible.......