Due Dates for September 2015

PAYE: 1 Monthly PAYE return and any payment for August are due 21 September. GST: 1 Monthly GST returns and any payment for period end 31 August are due 28 September. Any questions please ask. More

Topics: Due Dates

Posted 3/09/2015


New Super Easy Way to Access Kiwitax Website

For a super easy way to visit our website now just type kiwi.tax in your browser address bar. Hope it helps! More

Topics: Links Kiwitax News Client Care

Posted 3/09/2015


Buying a Commercial Property?

To get the best tax deductions available for depreciation on a commercial building fit-out you will need to: Have an independent valuer prepare a fit-out valuation immediately purchasing a property. They will need to provide a report that splits out fit-out items with the appropriate value for each item. Please note: If you don't get an independent valuer to do this fit-out report you will ... More

Topics: Rental Property Depreciation

Posted 20/08/2015


Client Hot Desks

There's two PCs, phones, wifi and a printer are available and ready for you to use. We're still waiting on the chairs to arrive next week (due to a slight shipping delay) but otherwise all good to go. You're most welcome to pop in and use the desks as required. This is a complimentary space / resource for Kiwitax clients to enjoy - we hope you find these useful! More

Topics: Kiwitax News Client Care

Posted 20/08/2015


Due Dates for August 2015

PAYE: 1 Monthly PAYE return and any payment for July is due 20 August. GST: 1 & 2 Monthly GST returns and any payment for period end 31 July is due 28 August. Provisional Tax: 1st Instalment of 2016 Provisional Tax is due 28 August. Any questions please ask. More

Topics: Due Dates

Posted 3/08/2015


Understanding Current Accounts

One topic clients are often confused about is current accounts and we're often asked to explain how these work. What are current accounts? They are how accountants record and report a business owner's investment in their business (and / or rental property). When a business first begins the owner usually invests some money to buy assets and stock, pay rent, spend on advertising and so on. For an e... More

Topics: Rental Property Business Drawings Guides

Posted 20/07/2015


Email Server Outage - Please Read If Waiting For a Reply From Us

If you emailed us, requested a quote or otherwise contacted us via our website between about 7pm Wednesday 15 July to 4am Thursday 16 July - we will not have received your message. Our email server had an unfortunate hardware failure and we had to restore from a slightly earlier backup, therefore messages during this in between period became inaccessible. If you are waiting to hear from us and ... More

Topics: Kiwitax News

Posted 17/07/2015


Due Dates for July 2015

PAYE: 1 Monthly PAYE return and any payment for June is due 20 July. FBT: Quarterly FBT return and any payment for period end 30 June is due 20 July. GST: 1 Monthly GST return and any payment for period end 30 June is due 28 July. Income Tax Return: Return for the last financial year is due 7 July 2015. Please Note this 7 July due date applies ONLY for people who do not have an extension of ... More

Topics: Due Dates

Posted 6/07/2015


New Property Capital Gains Tax

In the recent budget the government announced that they are introducing a capital gains tax coming into effect in October, for properties that are sold within two years of being purchased. It is important to understand these changes will not impact your main family home and will only impact properties purchased on or after these changes come into effect. The changes are designed to ensure tax pay... More

Topics: Rental Property Tax Compliance

Posted 15/06/2015


Due Dates for June 2015

PAYE: 1 Monthly PAYE return and any payment for May is due 22 June. GST: 1 & 2 Monthly GST returns and any payments for period end 31 May are due 29 June. Any questions please ask. More

Topics: Due Dates

Posted 8/06/2015


What Does "Loss Carried Forward" Mean?

When a business or rental property makes a loss for the year (so expenses are higher than income) it results in a loss for income tax purposes. For Sole Traders, Partnerships or LTC Companies this loss can be offset against wages or other personal income for the year. It reduces the taxable income which reduces the amount of tax needed to pay. If a loss is made in a Trust or an Ordinary Company it... More

Topics: Income Tax Accounting

Posted 18/05/2015


Due Dates for May 2015

PAYE: 1 Monthly PAYE return and any payment for April is due 20 May. GST: 1, 2 and 6 Monthly GST returns and any payments for period end 31 March are due 7 May (Normally 28 April but extra time allowed for Easter / ANZAC weekends). GST: 1 Monthly GST returns and any payments for period end 30 April are due 28 May. Provisional Tax Instalment: Final instalment of 2015 Provisional Tax is due 7 May... More

Topics: Due Dates

Posted 6/05/2015


Mondayised Public Holidays - Employer's Guide

A change of law regarding ANZAC and Waitangi days now applies where if these fall on a weekend the following Monday will be a public holiday. Previously if these days were on a weekend and an employee didn't work then it was just like a normal weekend day. If these days fell on a weekday then a public holiday was observed. Here's a brief overview of how this now works for employers... Restrict... More

Topics: Employing Salary & Wages Guides

Posted 28/04/2015


Record Keeping – Retail and Hospitality

A reminder that if you are running a till system for your daily takings, try and reconcile each day to the money received. Inland Revenue are increasing their review activity and one of the main source documents they ask for are the till receipts. They’re looking to see if the till receipt totals are significantly different to the amount of money banked – so just a heads up to be dilig... More

Topics: Record Keeping Tax Compliance

Posted 24/04/2015


Kiwitax New Building

We're now in our new building at 38 Bridge Street, Ahuriri, Napier. There's still some construction happening around us as builders finish off so we're setup a bit temporarily but we are open and operating. Most of the signs are up on the exterior and looking great - you'll surely see us if nearby. If you're in the area please do call in and say hi - it will be great to see you! More

Topics: Kiwitax News Client Care

Posted 21/04/2015