Understanding tax debt and finding a way out of it is crucial for New Zealanders who may have fallen behind on their tax obligations to the Inland Revenue (IR) Department. Whether due to oversight or deliberate actions, owing taxes can be stressful, especially when faced with potential consequences such as wage garnishments or property liens.
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Business Accountants: Transitioning from Sole Trader to Company: Advantages and Considerations
Learn about the benefits of changing your business structure from a sole trader to a company. Limited liability protection, enhanced credibility, and tax planning opportunities are just a few advantages discussed in this article.
Business Accountants: Understanding the New Regulations for App Tax: Implications for Property Owners
Discover the latest updates on the app tax regulations affecting property owners. Learn how the new rules will apply and what they mean for platforms like Uber and Airbnb.
Business Accountants: Government Delays Phase-Out of Interest Limitation Rule: What Property Investors Need to Know
Get the latest update on the Government’s decision to postpone the phase-out of the interest limitation rule for property investors. Learn about the implications of this delay and how it affects rental property owners and tenants.
Business Accountants: Stay Ahead of Payroll Changes: What to Know for April 1, 2024
Get ready for the upcoming payroll changes effective April 1, 2024. Learn about the minimum wage increase, student loan threshold adjustments, ACC levy changes, and more, and ensure your business stays compliant.
Business Accountants: Maximizing Asset Value: A Guide to Depreciation for Businesses
Learn how depreciation can help your business spread the cost of assets over time. Discover what assets can be depreciated, how to calculate depreciation, and essential tips for recording depreciation accurately.
Business Accountants: The Power of Financial Budgeting: Unlocking Business Success
Discover the undeniable benefits of implementing a robust financial budget for your business. Learn how budgeting drives goal setting, risk mitigation, informed decision-making, and accountability, leading to long-term success.
Business Accountants: 90-Day Trial Periods: What Employers Need to Know
Get up-to-date on the reinstatement of 90-day trial periods for all employers. Learn about the key principles and requirements to ensure compliance and effective use of trial periods in employment agreements.
Business Accountants: Trust Tax Rate Increase to 39%: What You Need to Know
Stay informed about the proposed increase in the trustee tax rate to 39% and its implications. Learn about the two-tier system, exemptions, and potential restructuring scenarios to navigate the changes effectively.
Business Accountants: Understanding New Tax Changes: Bright-line Testing and Rental Interest Deductibility
Stay informed about the latest tax updates affecting property investors and businesses. Learn about changes to bright-line testing, interest deductibility on residential rentals, and other key amendments announced by the government.