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.
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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!
Trades Accounting Firm: Apps to help you grow your trade business
It can get pretty draining for tradesmen who constantly need to attend to clients and keep the balance in the office. Here’s where apps designed to make your job easier come in.
Trades Accounting Firm: The best Xero add-ons for trades
Tradies are always on the go and Xero has proven to be beneficial to plenty of builders, plumbers, and contractors (among other businesses). Trade business owners often find themselves spending way too much time working in the business.
Trade Accounting Firm: Useful Xero integrations for your trade business
If you’re working in the trade industry, chances are you don’t like spending time on your bookkeeping, or the admin side of your business. However, financial management is an important part of your business, and the good news is, it doesn’t have to be difficult!
Wellington Accounting Firm: New reporting requirements for trusts
Surprise, surprise! You’ve read it right! IRD has introduced new financial statement reporting and standards for domestic trusts, which will apply from the 2021-22 income year.
Trade Accountants: How to increase your profit through 3 levers
We all know one of the top goals in business is to make a decent profit, but sadly, not all emerge successful in achieving this. If only they knew the secret formula to increasing business profit – also known as the ‘3 Profit Layers’, then the outcome may have been different.
Pub Accountants: Accounting tips for pubs and clubs
Running a pub or club can be rewarding, but as an owner, you know it requires commitment – especially during peak seasons! During busy periods, pub and club owners often find it difficult to keep records.
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.