Posted 21/10/2008 Updated 13/01/2010 Tags: Business Employing Income Tax PAYE Shareholders  

Yes your company can become an employer and employ you via the payroll. This means that each pay day PAYE is deducted from your wages and on the 20th of each month the PAYE get's paid to IRD. Your wages become a cost to... more

Posted 8/10/2008 Updated 8/10/2008 Tags: GST Shareholders  

There is a restriction on secondhand goods claims where a taxpayer purchases goods from an unregistered associated person. No GST input tax may be claimed if the associated person did not pay GST when buying the goods,... more

Posted 6/10/2008 Updated 3/03/2011 Tags: Income Tax LAQC Rental Property Shareholders  

Important: from 1 April 2011 LAQCs will cease and a transition to alternative registrations and / or structures will need to happen. Here's one to keep in mind for Loss Attributing Qualifying Company owners. If for... more