Tax Avoidance or Tax Evasion? A Real Case Shows the Line A Christchurch company director was sentenced to two years and three months in prison this year. The charges related to nearly $1.4 million of unpaid PAYE and GST. The company had the money in
The 2026 Tax Bill: What It Means for Your Business The 2026 tax bill was introduced to Parliament on 10 September, and it is the last piece of the puzzle from this year’s Budget still working its way into law. It covers a wide spread
Budget 2026 Tax Changes for Small Business The Budget 2026 tax changes did not bring big tax cuts, but they did bring a solid batch of smaller reforms that add up to real relief for small business owners, mostly in the form of less paperwork
Budget 2025 is a budget on a budget. Global trade headwinds, uncertainty and conflict are unsettling markets and supply chains. This all upsets business and consumer confidence and reduces the tax revenue that underpins government spending. This is the main reason the government books are
Welcome to this week’s 3 in 3 at 3, where we get you the three key things you need to know for your business in three minutes or less at three o’clock on a Monday. Thing One: Buying a New Vehicle to Save Tax This
On the 18th May 2023, Finance Minister Grant Roberston released the 2023 Budget for the New Zealand Government. To help cut through the noise and see what benefits, if any, the budget holds in store for small business, the team at MBP have reviewed the
The IRD has recently launched a widely publicised crack-down on Electronic Sales Suppression Software (ESS) tools. This has obviously prompted a lot of questions, mostly, what is electronic sales suppression software? As an honest business person and responsible taxpayer, you can be forgiven for not
Its Christmas time. The season for office parties, generosity and spending way too much on presents. To make the post-holiday season hangover a little less shocking, here are a few of our key tips on parties, presents and bonuses that you need to be aware
If you’ve been to one of our business development events before, you’ll likely be familiar with the bucket analogy we often use. Put very simply, your business is like a bucket with holes in it: when you earn money, the bucket fills up. Running costs
For many years, the low value asset threshold for depreciation had been set at $500.00. This meant that everything over $500.00 had to be capitalised and depreciated as a fixed asset. The cost of many business items has increased significantly since the rules were last
