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Home Office Expenses

Can companies claim home office expenses?

Many businesses have employees working from home during lockdown or in general in order to promote better work-life balance. But can a business claim home-office expenses in these circumstances? Read our article to find out.
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Tighten Trust Rules

Trust Rules Tighten Under New Top Tax Rate

This year the top tax rate increased to 39%.  That means Inland Revenue also need to make other tweaks to the tax rules so that all the various tax rates
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New Property Rules

Exemptions, New Builds And More: Answers On New Property Rules

Back in March, it took everyone by surprise when the Government changed its rules on interest tax deductibility for property investors, and extended the bright line test. We had a
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Goodwill can add value to your business

Goodwill: What’s it worth?

Goodwill is one of your business assets – but you can’t measure it and it’s very tricky to put a price on it. When you sell your business, goodwill is
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Diving into tax pooling

Should you dive into tax pooling?

Okay, let’s be honest – paying provisional tax can be tricky. The amounts change from year to year, and bigger payments sometimes coincide with periods of low cashflow. Not to
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Scaling up your business

Chapter 2 – Scaling up sustainably: Grow your team without overcommitting

Growing your small business into a team enterprise can be daunting. The amount of work coming in will tend to surge and retreat, leaving you alternately overworked and underworked –
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Surprise tax bill

Surprise tax bill? Here are six possible reasons

Did you, or someone you know, get a surprise tax bill they weren’t expecting? Several Kiwi’s have recently been in touch after having received tax bills that took them by
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Rental Tax Changes

Rental tax changes are about to kick in – are you ready?

Earlier this year, the Government announced the removal of tax deductions on loan interest for rental properties. Previously, interest payments could be claimed as a business expense and taxed accordingly,
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Expanding a Business

Chapter 1 – Growing pains: expanding a one-person business can be a challenge

Awesome, your business is growing! You have more clients, or your clients are spending more. Maybe you’re offering more products or services; hopefully you’re also making more money. It all
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Xero Payroll

Xero Payroll Help: Review and Update Sick Leave Entitlements prior to 24 July 2021

What you need to know From 24 July 2021 all eligible employees’ minimum annual sick leave entitlement of five days increases to 10 days. An existing employee becomes entitled to
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