The challenges of running a business are often all-consuming, but if there’s one thing you can’t afford to let out of your sight, it’s taxes. Here’s why.
Getting to grips with the admin commonly associated with the ‘back office’ side of a business isn’t for eve...
8 common ways to trigger an IRD audit
September 30, 2021
There are many things to avoid in business, and one of the most unpleasant is triggering an IRD audit. Here’s how it commonly happens.
Having been involved in many tax investigations (on behalf of clients of course), I can confirm they are not very pleasant and can result ...
Minimising Tax when Starting In Business
June 14, 2019
Starting a business can be a stressful and expensive time so it pays to make sure you take advantage of all possible ways to save Income Tax and GST. One common oversight is not to claim for tools, equipment, furniture, computers, vehicles, reference books and any other asse...
How to avoid a painful tax audit
March 4, 2019
Even the NZX can be caught out by a tax audit. The sharemarket business paid $1.2 million extra tax after the Inland Revenue Department checked its books.
For the average small business owner, the thought of a visit from tax inspectors is enough to make them shiver. We asked...
How to avoid an IRD audit
October 9, 2018
Whilst statistically speaking the chances of being selected for an audit are slim, it nevertheless features way up the rankings as being one of life’s most stressful and unpleasant experiences, and as such, like all nasty things in life, best avoided at all costs!The...
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