Chances are, you have a company vehicle used for both business and private. If you not sure what rate to use to claim your mileage expenses, use the rates listed below to calculate the allowable expense for using your vehicle for business purposes for the 2018-2019 income year. Using the Tier One and Tier Two …
Read more “Understand the Kilometre rates for business use of vehicles”
The lead-up to the Wellbeing Budget has been well signposted even if the track’s been somewhat muddied by drama. It’s a bold step to try and quantify progress in other than strictly financial terms. The brief is to implement change and manage the country’s finances.The focus is on 5 priority areas:· taking …
Putting your nose to the grindstone and just getting more done? Being productive is about doing more of the right things. That means identifying key tasks and eliminating everything else. Here’s how to do it: Passion + proficiency = productivity Go through your tasks and projects, and rate your passion and proficiency for each of …
It’s taken 17 years to follow in the footsteps of Bangladesh, the first country to ban single-use plastic bags, but we’re finally there! From 1 July, single-use plastic bags can’t be sold or given away in New Zealand. It’s all part of the Government’s programme to reduce waste and build the foundations for our transition …
Read more “NZ says goodbye to millions of single-use plastic bags”
Answer To claim a tax deduction for payments to family members for services: the family member must provide services to your business; the amount paid must not be excessive; and if the family member is your spouse or partner, you must have the Commissioner’s prior approval for a deduction unless you run your business through …
