Posted 11/03/2011 Updated 11/03/2011 Tags: Business Income Tax Provisional Tax Tax Refunds Tax Returns  

A common myth people often share is that "you don't have to pay income tax for the first year in business". The fact is any profit earned will require income tax to be paid to Inland Revenue, it's more a case of when... more

Posted 3/03/2011 Updated 3/03/2011 Tags: Depreciation Rental Property Tax Refunds Tax Returns  

From the 1 April 2011 financial year and onwards, there is no longer the ability to claim depreciation on buildings with an estimated useful life of 50 years or more. However chattels (for example stoves, carpets,... more

Posted 30/04/2009 Updated 5/07/2012 Tags: Income Tax Inland Revenue Salary & Wages Tax Refunds Tax Returns  

This guide is for salary and wage earners who do not own a business or rental property. What’s it about? Learn how to find out if the right amount of tax has been deducted from your salary & wages for the... more