Important - Financial Year End is Very Soon

31 March is quickly approaching - please note... Annual income tax returns for NZ tax payers with income from self employment, business and rental property need to be filed with IRD by 31 March 2014 - for financial year ended 31 March 2013. Last chance to have your 31 March 2013 annual accounts prepared - be in quick and we'll do our best to meet the deadline for you but time is very short. I... More

Topics: Accounting Tax Returns Due Dates Client Care

Posted 17/03/2014

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New Income Tax Calculator

We've just uploaded a new Income Tax calculator. Simply enter your estimated income / sales and expenses / costs per year, month or week and the calculator will give your profit and the tax in each bracket plus the total estimated income tax for the year. Please note it doesn't include the extra expense claims we make for you, Working For Families and so on - just a basic estimate to give an idea ... More

Topics: Income Tax Links Freebies

Posted 25/02/2014

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Waitangi Day Weekend

A quick heads up we'll be closed Friday 7 February - with Waitangi Day on Thursday 6 February - it's a great opportunity to enjoy a long weekend and many of the team had planned to be away on leave anyway. Thanks for understanding and apologies for any inconvenience. We'll be back on Monday 10 February for business as usual and will respond to any messages then. More

Topics: Kiwitax News Client Care

Posted 3/02/2014

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All Systems Go 2014

We're back at work (mostly all), a fabulous break and an exciting year ahead! We hope you've either been flat out busy or flat out with your feet up! Any quote requests, enquiries, emails and phone messages, we'll be in touch as soon as possible - thank you for your patience. 2014 is now on! More

Topics: Kiwitax News

Posted 6/01/2014

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Business Numbers for Companies Now Assigned

The New Zealand Business Number (NZBN) is a core initiative of the Government’s Better Public Services programme, which is working towards making it easier for businesses to work with government. All companies on the Companies Register have now been assigned a New Zealand Business Number (NZBN). This is the first step towards allocating a NZBN to all businesses in New Zealand, and creatin... More

Topics: Company

Posted 16/12/2013

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Kiwitax GST Calc for iPhone Now Available

The new improved, redesigned for iOS 7 Kiwitax GST Calc for iPhone app is now available in the App Store. We hope you find it useful - if so please rate it and add a review! Thanks! More

Topics: GST Mobile Apps Freebies

Posted 9/12/2013

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Kiwitax 14th Business Birthday!

Tomorrow (23 November) is our 14th business birthday! So much appreciation to all the people who have chosen us to help with their accounting and taxes over the years - it's been an absolute pleasure. Here's to many more years of awesome service! Thank you all! More

Topics: Kiwitax News

Posted 22/11/2013

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Claiming Christmas Expenses

It's always good to be aware of what's claimable, here's a quick list of expenses you can claim for Christmas parties and gifts. Please note some expenses are 100% deductible while others are only 50% deductible. Staff Christmas Party The costs of food & drink and any incidental expenditure relating to things like hireage of crockery, glassware, music or other entertainment is only 50% deduc... More

Topics: Claimable Expenses PAYE FBT Gifts

Posted 18/11/2013

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BankLink Data Downloads - New Option

Currently for clients using BankLink Books the transaction data comes to Kiwitax then we forward it to clients monthly / two monthly for coding and to prepare GST returns. The updated data is then returned to us to be added to our main ledgers. It's a good system but is a bit reliant on people at each end sending info back and forth. A new service is available where clients can download bank tran... More

Topics: GST Record Keeping Accounting Software

Posted 15/10/2013

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Kiwitax GST Calc for iPhone and iOS7 - Update

Update 27/11/2013: Great news the new version of this app has been submitted to the App Store. Hopefully it will pass and be available to download soon. This new version is only compatible with iOS 7. Update 9/12/2013: The app is now available for download! We hope you find it useful! We've been alerted by many people that the free Kiwitax GST Calculator for iPhone app is not compatible with i... More

Topics: Mobile Apps

Posted 25/09/2013

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Ensuring Continuity of Rental Property Expense Claims

If your rental property is untenanted and you're taking the opportunity to do some repairs and maintenance do ensure the property remains available to rent during this period. Perhaps have a sign up and/or keep advertising alive. This helps ensure you can continue to claim expenses during the untenanted period. If buying a rental property ensure it's available for rent before launching into any... More

Topics: Claimable Expenses Rental Property Tax Compliance Guides

Posted 16/09/2013

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We're Sponsoring the HB Breast Cancer Fun Walks

We're delighted to be sponsoring the Hawke's Bay Breast Cancer Fun Walks this year. The walks raise funds for women and their families living with breast cancer in Hawkes Bay. Our contribution goes towards the public liability insurance required for the event to go ahead. The date for the Napier fun walk is Tuesday 15 October and Hastings is on Wednesday 16 October. More

Topics: Kiwitax News

Posted 13/09/2013

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New Mixed Use of Assets Rules

The government are changing the tax rules around private use of assets such as holiday homes, boats, aircraft and so on (not road vehicles though). The idea is to prevent people having assets setup as businesses but not sufficiently hiring them out yet still claiming expenses to reduce tax. For all people who own such assets and also use them privately either personally or for friends and family t... More

Topics: Claimable Expenses Rental Property Record Keeping Tax Compliance Private Use

Posted 15/07/2013

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Coming Soon - 8 July 2013 - Do You Have a Tax Agent?

With 8 July 2013 income tax return due date (for filing 31 March 2013 returns) quickly approaching now is the time to have your income tax returns filed if you do not currently have an extension of time. From Inland Revenue's website... 8 July is the due date for filing income tax returns if you don't have a tax agent with a valid extension of time. You may need to file a return if you are self... More

Topics: Tax Agents Tax Compliance Due Dates

Posted 1/07/2013

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Buying a Vehicle for a GST Registered Business?

If you are purchasing a new vehicle for your GST registered business there may be GST implications surrounding the amount of GST you can claim on the purchase price if there will be private use with the vehicle. GST can only be claimed on the amount of business use the vehicle will conduct in the financial year the purchase falls into. As always you're most welcome to contact us if you need any m... More

Topics: GST Vehicles Private Use

Posted 17/06/2013

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