Navigating tax compliance can feel overwhelming, especially with Inland Revenue ramping up enforcement in 2024. From property audits to cryptocurrency disclosures, the stakes for startups and small businesses are higher than ever. At Accountech, we specialise in simplifying these complexities for creative entrepreneurs, so you can stay focused on your passion while we ensure your financials are compliant and stress-free. Written by Chat-GPT with input from Inland Revenue presentations.

Choosing the right vehicle involves balancing tax benefits with practical business needs. Vehicles used primarily for business, especially commercial vehicles and eco-friendly options, tend to offer the best tax advantages in New Zealand. Always consult with a tax advisor to make the most informed decision.

Managing vehicle mileage claims can be streamlined with the right logbook option. Select the right option for you and follow IRD guidelines by keeping a logbook for 90 days, calculating the proportion of business use, and allocating vehicle costs accordingly. Our goal is to make accounting easy and stress-free for your startup and creative business needs.

More businesses are on the brink of collapse compared to the previous year, in spite of a successful recovery from COVID, businesses face further economic pressure and challenges that must be overcome if they are to survive.

Our latest blog post explores the benefits of using bank rules in accounting, emphasising how they can streamline processes and reduce errors. We explain how bank rules work, highlighting their ability to automatically categorise transactions based on predefined criteria.

This blog post explains why Terminal Tax and Provisional Tax payments can feel close together at this time of year. It highlights the importance of keeping good financial records and offers budgeting and money-saving tips to avoid cash flow issues.

We’re starting to see some Small Business Cashflow loans being defaulted on and called in by the IRD. We go over what this means and how to navigate through once this happens.

The IR330C (Tax rate notification for contractors) form is an IRD form filled out by contractors, freelancers, and other self-employed individuals when they are working for large ‘labour hire’ organisations and other specified activities in New Zealand.

We have recently encountered an issue where some of our tax payment emails are being diverted by high-level email filters, resulting in them either ending up in the spam folder or not being received at all.

Should you use a credit card to pay off IRD debt?