On Thursday 22 May, the Minister of Finance, The Honourable Nicola Willis, delivered Budget 2025. Opening her speech, the Minister said: “This is a responsible budget to secure New Zealand's future. It supports the economic recovery now underway. It also takes a...
Taxpayers who must pay use of money interest (UOMI) are those who: have under-estimated their provisional tax have earned income which has either not been taxed, or has not had enough tax deducted from it, and the end of year residual tax works out at $60,000 or more...
If you had to pay tax of more than $5,000 in your last income tax return, you may have to pay provisional tax for the following year. Provisional tax is like paying progress payments on next year’s income tax. The amount you must pay relates to your expected profit...
Thank you for choosing us to work with your business in 2024. For business owners, the New Year is often the time of year when you reflect on where you are at and think about your business goals for the year ahead. These could be lofty goals, or even setting out a...
How healthy is your business? With all the day-to-day operational and management tasks to deal with, finding the time to stand back and look at the business objectively can be tricky. But making sure your business is healthy and running well is a vitally important...
Do you have direct debits and online payments set up for your business? Making it easy for your customers to pay you is vital to business success. Getting direct debits and alternative payment methods linked to your business is so easy these days there's no excuse not...