Category: tax

New Loss Carry Back Rules

On April 15 the government announced new loss carry-back rules designed to ease the tax burdens on businesses who end up with losses as a result of the COVID-19 crisis.  Normally losses must be carried forward (with some limitations) to future years to be offset...
COVID-19 and your Business (New Zealand)

COVID-19 and your Business (New Zealand)

Things are moving fast.  This page has already been superseded.  Please consult our COVID-19 summary page for more direction. COVID-19 is hitting business owners really hard.  In this video Fuel Accountant’s founder, Peter McCarroll, discusses what you need to...
Don’t be blasé about tax debt

Don’t be blasé about tax debt

When it comes to paying bills, we often tend to be blasé and put our financial responsibilities into the too hard basket.  Ignoring debt is the easy option at the time but eventually things catch up with you.  When it comes to paying tax, it is even more important to...
Christmas Presents

Christmas Presents

Thinking about giving your staff a well deserved Christmas Present of Bonus this year? Cash bonuses are always subject to PAYE and should be put through your standard payroll process. There is a category called “Extra Emolument” designed to avoid overly penalising...
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