Entertainment.... can I claim that?
November 23, 2023
With the silly season upon us, it's a good time to refresh on what entertainment costs are deductible for your business. If an entertainment cost is completely related to your business it can be 100% deductible. However, being "completely related" is not always e...
Keep on Top of Tax!
December 12, 2020
5 Quick Tips for Small Businesses to Keep on Top of Income Tax
1) Run regular year-to-date profit and loss reports from your accounting system (eg Xero; MYOB) to help calculate your income tax. If you are not currently using an accounting system, consider getting one.
2) Use the IRD's Income Tax calculator to help estimate your income t...
Small Business Cashflow (Loan) Scheme - Updates
November 25, 2020
The Government recently announced some changes to the Small Business Cashflow (Loan) Scheme.
Key changes:
- The interest free period has increased from 1 year to 2 years.However, it is key to note the interest free period is only applicable if the loan is repaid within the 2...
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