Advice & News

April 9, 2020
Intel Accountants_Income Tax

ACC Guide for Self Employed Individuals / Contractors / Shareholder Employees (updated 2020)

ACC (ACCIDENT COMPENSATION LEVY) You get the ACC Levies invoice usually once a year. ACC bases their levies on your income return filed with the IRD […]
March 24, 2018
Intel Accountants - Tax Due Dates

Tax Due Dates – GST / Provisional / Terminal / PAYE (updated 2020)

Tax Due Dates Here is a basic tax calendar that most small businesses fit into. These Return Filing due dates are based on your balance date […]
March 24, 2018
Intel Accountants_2018 Provisional Tax Changes

The 2018 Provisional Tax Changes

2018 Provisional Tax Changes Some key changes have been made for the Provisional Tax Rules for tax years 2018 onwards. You will still need to pay […]
March 24, 2018
Intel Accountants_Provisional and Terminal Tax

Provisional and Terminal Tax – The Basics (updated 2020)

Provisional and Terminal Tax Meeting your income tax obligations during the tax year         The number of instalments you are required to make depends on the […]
March 24, 2018
Intel Accountants_Income Tax

PAYE / Income Tax Rates / ACC – (updated 2020)

PAYE If your income is from salary, wages, benefits or taxable pensions, your tax will automatically be deducted under the PAYE (pay as you earn) system. […]
March 24, 2018
Intel Accountants - GST Registration Periods

GST Registration Periods (updated 2020)

Starting a business – registering for GST Goods and services tax (GST) is a tax on most goods and services in New Zealand. It also applies […]
March 24, 2018
Intel Accountants - Payroll

Payroll – Employee Deductions (updated 2020)

Employee Deductions PAYE Deductions PAYE (pay as you earn) is the basic deduction made from an employees’ wages. It includes an ACC earners’ levy. PAYE deduction […]
March 24, 2018
Intel Accountants - Drawings Vs Salaries

Drawings versus Salaries – Who Wins? (updated 2020)

Introduction There is always a lot of confusion around drawings versus salaries. Who wins is essentially based on your resective situation. Essentially there are three options. […]
March 24, 2018
Intel Accountants_Starting a Business

Company Registration – A Comprehensive Guide (updated 2020)

What is a company? Persons engaged in business have a choice as to how they will establish their business. Options include carrying on business as a […]
March 24, 2018
Intel Accountants_Common Business Structures

Common Business Structures (updated 2020)

Business Structures A quick overview on the 3 common types of business structures in New Zealand. Sole trader A sole trader is a person trading on […]
March 24, 2018
Intel Accountants_Property Accounting

Building Depreciation Changes

Budget 2010 removed depreciation deductions for most buildings from the start of the 2011–12 income year. At the same time the Government announced a review of […]
March 24, 2018
Intel Accountants_GST Accounting Basis

GST Accounting Basis (updated 2020)

Introduction If you are registered for Goods and Services Tax (GST) you must account regularly to the Inland Revenue Department (IRD). The “accounting basis” is the […]
March 10, 2018
Intel Accountants_Business Start

A Guide to Starting A Business (updated 2020)

So you have decided or are thinking about being in business yourself. Or perhaps you have seen an existing business that takes your fancy and have […]
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