If your business hasn't performed as well this year, there's a silver lining: you might not need to pay as much in your third provisional tax instalment due on 7 May. However, to adjust your payment safely and avoid any potential interest or penalties from Inland Revenue (IRD), it's crucial to review your financials and calculate the correct amount of tax to pay (if any) promptly.

As a business owner, managing cash flow wisely is critical—not just for growth and stability but also for ensuring you're always prepared for tax time. Unlike employees who have tax deducted automatically from their paychecks, business owners must proactively set aside tax funds. The key? Knowing exactly how much to save and consistently putting it aside so you’re never caught off guard by a hefty tax bill.

The title says it all..

You can save money on your ACC levies with cover plus extra. Have a ready to consider if this is something for you!

In New Zealand, donations to approved donee organisations can provide significant tax benefits, whether made by individuals or companies. However, the rules and benefits differ between these two groups. This blog post will explore what can and can't be claimed, with a particular focus on school donations, and how individuals and companies can maximise their tax benefits.

Here’s some ideas on the best gifts to give to your clients and suppliers!