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 3/03/2011 Updated 3/03/2011 Tags: Accounting Business Drawings Employing Income Tax PAYE Salary & Wages Tax Compliance  

There are a couple of ways to pay owners of a business and to account for the income tax on these. The most common way is the owner taking drawings - drawings are withdrawals from the business for personal use. The... more

Posted 9/11/2009 Updated 11/03/2010 Tags: Claimable Expenses Employing Income Tax PAYE Salary & Wages Vehicles  

If you are paying your employees a motor vehicle allowance as a part of their salary package this is taxed as a part of their wages. A better way would be for the employee to submit their actual expenses for... 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