If you're looking at buying a rental property, the IRD will consider the rent you receive as income, and you will be required to manage it in specific ways. Here we look at what constitutes taxable income, and what is and isn’t a tax deductible expense.
7 results for "Tax and the IRD"
Managing the income tax on your rental property
If you're looking at buying a rental property, the IRD will consider the rent you receive as income, and you will be required to manage it in specific ways. Here we look at what constitutes taxable income, and what is and isn’t a tax deductible expense. Read more.
How to calculate your PIR and why you should check it today
Getting your prescribed investor rate (PIR) correct means you will be taxed on your savings income appropriately - getting it wrong could result in penalties and interest. Here's how you can check you're on the right PIR. Read more.
The difference between term deposits, cash PIE and term PIE
If you’ve never considered term deposits, term PIE or cash PIE because you simply didn’t know what they are, we’re here to fix that. These are all what the banking industry calls ‘managed funds’ and they all offer different ways for you to achieve the best possible return on your savings. Read more.
Tax Benefits of a Cash PIE
For people looking to invest and grow their savings, the two most common go-to options will be savings accounts and term deposits. However, for anyone falling into the two top tax brackets, Cash PIEs and Term PIEs can potentially offer even better returns. Read more.
Goods and Services Tax: Are you making these common GST mistakes?
Best practice is to review your GST periodically throughout the year to avoid costly errors. Here I explain some of the common GST mistakes made by kiwi businesses, so you can ensure your next return is looking ship-shape. Read more.
Six tips to make your financial year-end less taxing
For many business owners, the financial year-end is synonymous with a last minute rush to sort through invoices and receipts. Read more.