Skip links

Tag: Income Tax

What Costs Can I Claim When Buying a Rental Property?

What you can and can’t claim as an expense when buying a rental property is a hot topic of conversation. The confusion around this issue is likely inflamed by the recent changes to the rules that the IRD has quietly made without much publicity. Below are some of the most

New Year, New Accountant?

The New Year is a time for setting goals and targets for the months head. Its also the best time to make sure you have the best people on your team to help you achieve those goals and targets. That makes it a great time to look for a new

How to get up to $39,000 Income Tax-Free

If you’ve got a couple of spare rooms, renting them out is a great way to make some extra cash. However, how you rent them out can make all the difference and can even be the difference between paying a large tax bill and no tax at all. It all

Claiming Work Clothes as a Business Expense

New Zealand does not have the most liberal tax laws when it comes to making claims for work clothes. This is one thing that our cousins across the ditch are far more generous with. There is a very narrow definition in NZ tax law and IRD interpretation as to what

Tax & Your Motor Vehicle Expenses

Many businesses need to get their employees around the place to do their jobs. This often means that they need to either have company motor vehicles for their employees to use, or reimburse their employees for the use of their personal cars.  Much of the motor vehicle expense claim methods