Preparing your end-of-year financial accounts and tax return is much easier when you know what information your accountant needs. This guide outlines the key documents and records to gather, including income, expenses, bank statements, asset purchases, payroll details, and stock take information, along with a practical year-end checklist to help keep everything organised.
Category Archives: General Accounting
09
Mar
Mar
Choosing the right business ownership structure in New Zealand can affect your tax obligations, personal liability, and long-term business growth. This guide explains the advantages and disadvantages of sole trader, partnership, company, and trust structures so you can understand which option may suit your circumstances.
07
Mar
Mar
Do you own rental properties in NZ? Stay up to date with the changes to mortgage interest deductibility rules and how they affect property investors.
21
Dec
Dec
2024 has been a wild ride for many. Let’s celebrate the highs and lows as we transition into the holiday period. Download our E-Book.
25
Nov
Nov
Operating as a sole trader is one of the simplest business structures. However, it’s essential to understand the ins and outs of this structure.
10
Oct
Oct
Want to understand more about tax on rental income? This guide will walk you through what expenses you can claim and what costs are not deductible in NZ
General Accounting, All Articles
Is Your Payroll System Prepared for New Zealand’s 2024 Income Tax Changes?
18
Sep
Sep
The 2024 Budget introduced significant changes to personal income tax (PIT) brackets, affecting payroll systems throughout New Zealand.
18
Sep
Sep
Understanding the essential financial reports and the advantages of reviewing them can transform your approach to business management.
18
Sep
Sep
Should you buy or lease business assets? This choice can significantly impact your company’s cash flow, tax situation, and growth trajectory.
09
Sep
Sep
Confused about how business income tax is calculated and how to pay it? This guide will help clarify everything you need to know about business income tax.