Your mortgage or loan is what’s known as a ‘Table Loan.’ On these loans, interest is paid up-front. You will eventually reach the tipping point where you start to pay more principal than interest. On a 30 year mortgage, this is usually between the 10-15 year mark.

Provisional tax can be minimised or removed completely by moving onto a PAYE salary.

Tax tips: 1) One account for your day-today biz transactions, another account for your GST, and another for your income tax. 2) Make sure all equipment is on the fixed asset register for max tax deductions. 3) Don’t use drawings, go onto PAYE instead.

Considering registering for GST? Or are you unsure what you can claim on your GST return?

Ever wondered what an accountant in New Zealand actually does? Well, we manage business risk.

Looking for a long-term sales strategy that will help you land your ideal customers? The Dream-100 strategy has been developed over decades by a sales industry leader and is worth a read.

Registering for GST before you have reached the $60,000 turnover threshold can pay dividends. By registering, you will be able to make GST claims that you aren’t able to make while you’re not registered. These claims can result in big savings.

Incorporating companies yourself can be a costly mistake. Have you considered your carry forward losses? Have you prepared the necessary Directors resolutions? On top of the tax losses, you can be fined by the Companies Register for not having the correct background documentation.

You will need to pay provisional tax and terminal tax. Understand these two taxes so you avoid falling into tax arrears with Inland Revenue.

Profit does not equal cash. You must learn how to convert your profits into cash. Here’s our cash flow forecasting template that will help you understand your cash position for the next twelve months.