Posted 24/03/2011 Updated 24/03/2011 Tags: Business Employing FBT Income Tax PAYE Provisional Tax Salary & Wages Tax Compliance Terminology  

Here is a brief description of the types of tax that you are likely to come across in business: GST - Goods and Services Tax - this is chargeable by businesses whose annual sales turnover is over $60,000 per year. It... more

Posted 13/09/2010 Updated 20/09/2010 Tags: FBT GST Income Tax Inland Revenue PAYE Rental Property Weblinks  

Here's a list of helpful links to articles and resources for the upcoming 1 October 2010 tax changes. This was originally a news item and have copied it to the InfoBase for easier access. In General Kiwitax - 1... more

Posted 16/01/2009 Tags: Business Claimable Expenses Depreciation FBT GST Vehicles  

The benefits of leasing a vehicle are: Get to claim the lease as a monthly expense. May have an upgrade option after a certain period with keeping the lease payments roughly the same. Still get to claim running... more

Posted 17/12/2008 Updated 13/01/2010 Tags: Employing FBT Gifts  

General exemption - There is a $300 exemption per employee per quarter from paying FBT if you provide free (gifts and prizes), subsidised or discounted goods and services. However, if the value of the benefits for an... more