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.

A guide to income tax for business owners

We’ve built this article around the questions we frequently get from new business owners. Scroll down, or feel free to jump straight to the one on your mind! What is provisional tax? The moment it’s anticipated that you’ll pay more than $5,000 in tax per year, you enter the IRD’s provisional tax regime. Provisional tax […]

Paying Tax (or Not)

Paying your fair share of tax is required by law, but paying too much is unnecessary.