Beany resources

Personal and private use of business assets

Knowing if you've used your business assets for personal and private use is essential for tax deduction at the end ...

Our most common tax questions in NZ

Borrowing? It’s not you, it’s the lender.

To borrow money, you need to prove you have value in the underlying asset (can the lender sell it and recover its m...

Trusts – do you still need them?

Back in the ‘old days’, it was common practice to purchase a family property and put it into the trust as there are...

An expert guide on claiming business expenses

It’s in every business owner’s best interest to track and claim all of their expenses. The higher your expenses, th...

What happens if I’m trading while insolvent?

If your continuing business has insufficient money to pay bills in the normal course of business – employees, suppl...

Is your hobby a business?

Your hobby may be a business with income being taxed and expenses claimed.

What is fringe benefit tax (FBT)?

Companies could have many employees receiving all types of benefits. This is where fringe benefit tax comes in.

Help us reduce your tax bill!

We’re covering the Beany questionnaire, some tax tips, and a brief look at changes in 2022 laws which could impact ...

Is it under $1,000? Yes? It’s now fully deductible!

Fixed assets that cost less than $1,000 can be written off immediately.

At what stage is your business?

Like it or not, the world of business revolves around numbers. Tracking too many metrics can be just as damaging as...