End of financial year checklist – Copy

It’s end of financial year – time to start thinking about your annual accounts. What do you need to pull together so we can get it right and help your business succeed? Our end-of-year checklist will help.

Are you prepared for tax time?

Tax season is the perfect opportunity to get ahead! It’s important to take some time to reflect on what’s worked well so far and plan for a future that’s even more successful. Even the smallest change can result in tax savings.

Back to Basics – Income Tax Return

We’re going to break down the front page of the tax return – what are the components and how do they relate to the information you’ve given us?

Back to basics – GST

To register or not to register? That’s a very good question faced by business owners when starting up, and also when expanding operations. Read further for answers to your questions.

How is your business profit taxed?

For 2024, Inland Revenue is specifically looking to make sure business profits from personal services aren’t being diverted to other structures to avoid tax.

Business Owners: How to Pay Yourself

As a business owner, it’s important to make enough profit to cover your personal expenses. But how do you determine your regular “income” when your accounts are only prepared annually? Figuring out how to pay yourself can be tricky, but with some careful planning, you can strike a balance that works for you and your business.

What expenses can I claim for my business?

It’s in every business owner’s best interest to track and claim all of their expenses. After all, the higher your expenses, the lower your profit. That means less tax to pay.