Category: Newsletter

If you provide entertainment for your team, clients, or other business contacts, some of these expenses may be tax deductible. Claiming the cost of entertainment as a business expense can help build relationships, maintain employee morale, or promote your goods or services. Here’s what you need to know about entertainment expenses, income tax, and GST…

It’s remarkable how the little things accumulate: popping into the shops for some stationary or rushing out of a taxi at the airport to catch an early flight for a crucial business meeting. These are the details that often slip our minds as we focus on the big picture. Regardless of size, these are all…

Keeping track of key tax dates in New Zealand is essential for managing finances effectively and staying compliant with the Inland Revenue. Whether you’re self-employed, running a business, or managing personal tax obligations, understanding these deadlines can help you avoid unnecessary penalties. Here’s a guide to the most important tax dates in New Zealand. 1.…

The key thing to look at is whether the costs have a relationship to your content creating activities, if it is, there’s a good chance you can deduct these costs and deduce your tax bill, Here is a list of things you could be deducting; For an expense or loss to qualify for deduction, it…

In New Zealand, the Accident Compensation Corporation (ACC) plays a pivotal role in providing financial protection to all residents and workers in case of injury, regardless of the cause. Whether you’re self-employed, a business owner, or employed by someone else, understanding and paying your ACC invoice is crucial for ensuring this protection. Let’s break down…

It can be difficult working out what sort of business structure you should have, most people are deciding between sole trader or partnership or a company. Here are some advantages and disadvantages of each; Sole Traders, Advantages Disadvantages Partnership, Advantages Disadvantages Company, Advantages Disadvantages

Running a business is more than just offering a product or service; it’s about making sure people know you exist. In today’s highly competitive market, it’s crucial to get your business in front of as many eyes as possible. Luckily, there are several effective, low-cost strategies to boost awareness. This article will walk you through…

Why use an Zest Accountant vs a website-based tool? New products entering the market that offer a fee based on your % of income may seem easy and cheap at first, but they are not all that meets the eye. The problem with these tools is they have massive client bases; this means you are…

What counts as income could surprise you! You need to be aware of anything related to your content creation that could be viewed as income. Same examples could be; • Payments from platforms based on the number of times content is viewed;• subscriptions;• payments for promoting products or brands in a content creator’s online content;•…

Assigning an alternative label to an activity, engaging in something as a secondary pursuit, or considering a non-routine job does not negate its status as income. The Inland Revenue Department (IRD) may view a hobby as a source of income. Consequently, it is essential to proactively report such earnings to the IRD. The IRD have…