GST On Low-Value Imported Goods

From 1 December 2019, overseas businesses selling low-value goods to consumers in NZ may need to register for, collect and return Goods and Services Tax (GST) of 15%. Low-value goods are those valued at NZ$1,000 or less (exclusive of GST). … Continued

When should I register for GST?

I’m making sales, woo hoo! Now what? We often are asked, “When should I register for GST?” It’s good to know that you don’t have to register for GST just because you start trading and selling goods and/or services. You … Continued

CHANGE IS COMING WITH APRIL 1st 2017

1 April 2017 brings some important changes for taxpayers. Most of the changes are business friendly and are designed to reduce compliance costs. New Minimum Wage Rates The adult minimum wage rate will increase from $15.25 to $15.75 (before tax) an hour. The starting-out … Continued

I have a small business… do I really need to file a tax return now?

Generally speaking if you are charging others for goods and/or services with a view to making a profit (your aim does not need to be the result) you are usually operating a business and liable to file a tax return … Continued

Common bookkeeping mistakes Small Businesses make

Bookkeeping is a significant part of any business endeavor. While it is typically not one of the more glamorous jobs, bookkeeping is at the heart of a businesses success and errors can cost the company significantly. You may be doing your own bookkeeping … Continued