Beany resources

10 common GST mistakes small business owners should avoid

GST can be tricky if you don’t deal with it on a daily basis. Fixing these mistakes can be expensive, so we’ve comp...

Our most common tax questions in NZ

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.

Cryptocurrency - Inland Revenue is catching up

For crypto assets, profits on the disposal are subject to income tax and must be included in your tax return.

GST - special transactions

GST can be a minefiled and there are some transactions that may require additional attention.

IRD educating construction industry

IRD has notified tax agents that they will be conducting a ‘construction industry education campaign’, focusing on ...

Safe harbour – income tax

‘Safe harbour’ is a term used by Inland Revenue to determine when a provisional taxpayer becomes subject to use of ...

The basics business owners need to know about GST

GST is a tax everyone pays on goods and services while living out their day-to-day lives. Businesses collect this ...

Feel like you’re paying tax all the time?

It can definitely feel that way for provisional taxpayers, especially in the second year of business.