1. Bad Debts Ensure that any debts deemed unrecoverable are fully written off in your accounts before the year-end to qualify as deductible bad debts. 2. Asset Invoices Retain invoices for any new vehicles or equipment purchased during the year. These are necessary for updating your asset register and calculating depreciation claims accurately. 3. EntertainmentContinue reading “31-March Tax Year End Checklist”
Tag Archives: taxes
National’s Tax Plan Highlights
On 30th August 2023 National announced its tax plan ahead of the upcoming election labelled “Back Pocket Boost – Tax Relief for the Squeezed Middle”. As in the name, the focus is on middle New Zealanders, aiming at putting cash back in their pockets. The plan is to provide $14.6b income tax relief over theContinue reading “National’s Tax Plan Highlights”
Chas Gunaratne 