AIM is an alternative method for paying provisional tax than the standard uplift method and may be a great option for some businesses,...

If you have employees that go on ACC for an extended period (ie. more than a few months) you need to be aware of the implications below...

Should I pay myself PAYE wages or take drawings is a common question we get asked as accountants, and there are pros and cons to each. In...

If you are new to business ownership, or an experienced owner but unsure how paying yourself works from an accounting perspective, read...

Many of those in business will incur expenditure that blurs the lines between business and private such as needing reading glasses when...

Comparing your figures against an industry benchmark is helpful for identifying whether you are doing better or worse than you think and...

This article leads on from our article ‘Livestock valuation methods explained’ and how it applies to herd purchases within the 2024...

The nature of farming is extremely volatile and can result in huge profits one year followed by losses the following year due to the...

Family farm succession is becoming increasingly difficult as farms tend to be bigger in order to be financially viable and support higher...

For those purchasing secondhand goods from non-GST registered persons you are still able to claim a GST credit even though the seller is...

An asset is something you purchase for use in the business that has a useful life of more than one year and costs more than $1,000...

ACC levy invoices have come out in the last couple of months, and with the various types of cover and invoices issued from ACC it can be...

Clients looking to grow their wealth sometimes ask us whether they should buy a house. Our advice depends on their short, medium and long...

There are some specific rules relating to operating companies and personal expenditure that catch people out. One of the biggest mistakes...

A common cause of confusion for any self-employed person is understanding how they have tax to pay at the end of the financial year when...

Many farmers have been enquiring as to the cost of rearing a calf this season, given the level of inflation we have experienced and the...

Rearing a few extra calves each year, whether to sell at a later date or to grow your herd in anticipation of going sharemilking or...

Farmers are eligible for a rebate on their fuel purchased for farm purposes. Petrol includes a tax imposed by the government called fuel...

Provisional tax can be a confusing topic for the average business owner as usually you are introduced to it when you have only just...

If you are new to self-employment and business and are doing your budgets to work out if you will have enough cash to get through the...