News
Minimum wage rates are going up
Get ready for the minimum wage increases now so that you are paying your employees the correct rate next month. Wage rates are going upFrom 1 April 2025: The adult minimum wage will go up from $23.15 to $23.50 per hour the starting-out and training minimum wage will go up from $18.52 to $18.80 per hour all rates are before tax and any lawful ...
Tax Talk Newsletter Autumn 2025
Prepare now for annual accounts March 31 is approaching – tax balance date for most people. Get your house in order to minimise hassles and tax.Bad debtsIf someone owes you money and you don’t think they’ll pay, you need to write it off as a bad debt before your balance date. You can’t decide later—it’s against the rules. Check your debtors ...
Claiming business expenses - tips & tricks
What are expenses? Expenses are the costs you incur in the day-to-day running of your business. At tax time, your total profit (the amount you need to pay tax on) is your taxable income minus the expenses you can claim — so the more you can claim, the less tax you have to pay. Business expenses(external link) — Inland Revenue Tip: Getting a tax ...
Managing stress at tax time
Tax time doesn’t have to be stressful. With good planning and clear processes, you can make it easier on yourself. Learn three tips for reducing stress at tax time. Watch: Reducing stress during tax time - external link. What this helpful video to learn tips for reducing your stress. 1. Don't leave things to the last minute.2. Get everything in order.3. Reset ...
Residential Tenancies Amendment Act 2024 – changes to tenancy terminations in force
Changes to tenancy terminations came into force on 30 January 2025 as part of the Residential Tenancies Amendment Act which was passed in December 2024. The following changes relating to tenancy terminations came into force on 30 January 2025: Tenants can end their periodic tenancy with 21 days’ notice, as long as notice has not already been given. Landlords can terminate a periodic ...