Author: Joe

Short paid your Tax ? What is the latest you could pay any short paid 2024 provisional and/or terminal tax without incurring penalties and how

“𝐈 𝐜𝐚𝐧’𝐭 𝐩𝐚𝐲 𝐦𝐲 𝐭𝐚𝐱𝐞𝐬 𝐰𝐡𝐚𝐭 𝐚𝐫𝐞 𝐦𝐲 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 ?” “𝐖𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐢𝐭 𝐜𝐨𝐬𝐭 𝐦𝐞 𝐟𝐨𝐫 𝐩𝐚𝐲𝐢𝐧𝐠 𝐦𝐲 𝐭𝐚𝐱 𝐥𝐚𝐭𝐞, 𝐜𝐚𝐧 𝐈 𝐫𝐞𝐝𝐮𝐜𝐞 𝐭𝐡𝐚𝐭 𝐜𝐨𝐬𝐭

“Is it better to buy or lease a vehicle ?” “Does it effect Fringe Benefit Tax liabilities ?” When and the amount of GST you

Choosing lower cost vehicles , reducing availability for private use and a obtaining a contribution equal to the value of the benefit could minimise FBT

Motor Vehicles quite often are used for both business and  private travel, so the IRD have rules for sole traders, employers and companies outlining what

𝗪𝗮𝘆𝘀 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗿𝗲𝘄𝗮𝗿𝗱 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝗮𝗻𝗱 𝘀𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗲𝗿 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗵𝗮𝘃𝗶𝗻𝗴 𝘁𝗼 𝗽𝗮𝘆 𝗙𝗿𝗶𝗻𝗴𝗲 𝗕𝗲𝗻𝗲𝗳𝗶𝘁 𝗧𝗮𝘅. Fringe Benefit Tax (FBT) came about in 1985 so the

By applying the 63 day Rule for Holiday paid accrued, bonuses and Directors fees paid you can reduce your terminal and provisional tax bill. Come

Negotiating a discount on the new vehicle rather than a generous trade in value would have a positive impact on your terminal and provisional tax

The type and the value of some business assets will have more of an impact on reducing your terminal and provisional tax bills than others.

To reduce your taxable profit in the current financial year you could prepay some upcoming expenses for next year before or on the last day