Resources
Employer invoicing by ACC takes place from June each year and is based on employee earnings for the year ended 31 March.
Depreciation allows for the wear and tear on a fixed asset and must be deducted from your income.
Entertainment expenditure is limited to a 50% deduction if it falls within the following...
Fringe Benefit Tax (FBT) is a tax on benefits that employees receive as a result of their employment.
GST is a tax on the supply of goods and services in New Zealand by a registered person on any taxable activity they carry out.
GST on goods sold via the internet is applied differently depending on the location of your customer
Pay As You Earn (PAYE) is the basic tax taken out of your employees' salary or wages.
Provisional Tax is not a separate tax but a way of paying your income tax as the income is received through the year.
Resident Withholding Tax (RWT) is a tax deducted on interest earned from investments and bank accounts.
Tax credits can be claimed by individuals - not companies, trusts or partnerships.
Taxpayers who do not meet their tax obligations may face penalty or interest charges.
Working for Families tax credits are available to families with dependent children aged 18 years or younger.
