Tag: Tax
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Tax Implications of Sole Trader vs. Company Structure
The structure of your business – whether a sole trader or a company – has significant implications for taxes and financial responsibilities. Here’s a breakdown to help you navigate the differences and make informed decisions. Sole Trader A sole trader is the simplest business structure where you and your business are the same legal entity.…
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Provisional Tax: What You Need to Know
What provisional tax is, how it’s calculated, and how to avoid penalties.
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Record Keeping Requirements: A Practical Guide for SME Owners
Keeping accurate records is not just a regulatory requirement; it’s a cornerstone of running a successful business. Proper records ensure your business meets tax compliance requirements, simplifies financial management, and helps you avoid costly penalties. This guide provides SME owners with practical steps to maintain effective record-keeping systems and ensure compliance with New Zealand regulations.…
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5 Common Tax Filing Mistakes (and How to Avoid Them)
Tax season can be a stressful time for small business owners, and even minor mistakes can lead to penalties, missed opportunities, and added stress. Here are five common tax filing errors businesses often make, and practical tips to avoid them. 1. Missing Deadlines Missing important tax deadlines is one of the most frequent mistakes businesses…
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Free government support and services
Utilize the free government support and services offered in New Zealand to foster the growth and prosperity of your small business.
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Teaming up with other businesses
Maximize your potential by teaming up with other businesses. Learn how strategic alliances and joint ventures can help you enter new markets.
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Test if you are ready to grow
Prepare yourself for strategic growth and innovation. Learn the necessary insights to determine if you are ready to grow your business.
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Minimum wage and fair pay
Stay informed about the latest minimum wage rates in New Zealand. Ensure that your employees are paid at least the current minimum rate.
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Government support for sole traders
Get the support you need as a sole trader in New Zealand. Learn about the government programs, benefits, and flexible ACC levies available.
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Your guide to working multiple jobs
Working multiple jobs in New Zealand? Get the essential information on taxes, expenses, and ACC levies to stay on top of your freelance game.