Working as a contractor can be a great way to find a good work-life balance but if you’re uninitiated on the tax front, you might get stuck in several tax traps. Here are some tips to avoid trouble with IRD.
Category Archives: Tax Planning
Accountants for Freelancers: Key taxes for contractors and the self-employed
Freelancers and contractors often find it difficult to know exactly how much tax they need to pay – as a lot of tax calculators available out there are made for PAYE employees and not for those who are self-employed.
Contractor Accountants: Should you outsource your accounting and bookkeeping tasks?
Would you like to reduce the time you spend on admin tasks so you can focus on running your business more efficiently and increasing your profits? It might be time for you to outsource your bookkeeping and payroll!
Property Accountants: New property tax rules finalised
The tax system used to allow property investors to deduct interest expenditure for residential rental property even if gains made on the sale were not taxed, that’s why many property investors put their money into residential properties expecting a large capital gain when they sell.
End of financial year checklist – what we’ll need from you
As we near the end of the financial year it might be time to think about pulling together your 2022 financial year information.
Leaving or returning to NZ? Here’s what you need to know about New Zealand tax residency
As we near the end of some of the New Zealand Government Covid-19 Border restrictions, many Kiwis are either planning on returning home, or jetting off on an epic adventure.
Contractor Accountants: Do you need to start a company?
One common misconception many freelancers and sole traders believe is that they are required to register an LLC to trade.
Construction Accountants: Accounting for construction businesses
As a tradie in the construction industry, you’re bound to know just how challenging it can be to track and keep comprehensive records of multiple jobs, projects and builds. Although it can be pretty timely, we can’t stress enough how important consistent record-keeping is in your construction business.
Property Accountants: Should you hire a Chartered Accountant?
If you’re a property developer or business owner, you’re probably wondering why you should use a Chartered Accountant, with all the sophisticated accounting software packages already available around.
Property Accountants: Claiming depreciation
As a property investor, you will already know that you can deduct business expenses from your rental income, but are you sure you’re not missing out on anything that’s available to you?