News & Practice Updates

Automation can ease your business load

October 10, 2019

Are you drowning in business admin? Automation is an important way to ease your load

Provisional tax explained

October 1, 2019

Provisional tax is income tax paid in advance of the end of the financial year, or paid as you go.

IRD and ACC will no longer accept cheques for payment

September 12, 2019

IRD and ACC have announced today that from March next year they will no longer accept cheques as payment for tax and ACC liabilities from customers who are able to use alternative payment options.

Not paying your tax on time just got more expensive

July 5, 2019

IRD have increased interest rates charged on late tax payments

Keeping debt low through proactive credit control

June 25, 2019

Having a large amount of debt in your business is bad for cashflow, weakens your overall financial health and brings down your credit score as a business. So when customers don't pay on time, that 'aged debt' is bad news for your finances.

What you need to know about claiming home office expenses

June 25, 2019

If you have a home office for your business, you should be able to claim some of the running costs and it is important to be aware of what you can and can't claim, and the record-keeping involved

Tips for improving your business performance

June 23, 2019

Here are some simple tips to drive business performance

Accounting Information Method (AIM) Provisional Tax

April 4, 2019

For those who are interested in adopting AIM to pay their provisional tax

Capital gains tax - how it will affect you?

March 26, 2019

The coalition government's tax working group has now delivered its final report on the future of tax in NZ, including a recommendation on capital gains tax.

Charitable donations - here’s what you need to know

March 24, 2019

Donating to charity not only supports the vital work of an organisation or group, but it can have positive side-effects when it comes to claiming tax deductions. To be eligible for a tax credit, you need to make sure that your contributions meet certain conditions, and that you’re making a legitimate claim.

Payday filling is here for employers

March 20, 2019

From the April 1st, every time you pay staff, payroll information must be filed with Inland Revenue. Under the current system information like the amount of tax a staff member has paid, or their contributions to KiwiSaver is contributed through the Employer Monthly Schedule.

Anti-Money Laundering laws comes into effect for accountants

December 4, 2018

Find out how the new Anti Money Laundering rules might affect you and your situation

Changes to claiming deductions for running a motor vehicle in business

July 11, 2018

Changes have been made to some of the ways that motor vehicle operating costs can be claimed for business purposes.

AIM* Accounting Method for paying provisional tax

March 2, 2018

Receiving extensive publicity, IRD has introduced a new method for certain businesses to calculate and pay their...

Tax changes to be introduced under our new Government

December 14, 2017

Any article describing tax changes inherently suffers from being out of date quickly, replaced by subsequent...

MTM Accounting Blog — News & Updates