Taxation (Tax) stories
Sorry to be the party pooper but it may be time to get your toes in line and cancel that ASOS order you were going to cover with your tax refund.
The IRD is cracking down on undeclared income and it's very easy for them to see what services a company is offering online.
Cutting-edge tech holds key to payroll fraud prevention, following a colossal Plutus scandal, says InPayTech's Don Sharp.
Apple is confident it will wipe the pie off its face after it was hit by a €13 billion (NZD $20 billion) in retroactive taxes by the European Union.
Mixing personal and business expenses is the most common mistake small business owners make that result in audits.
NZTech's chief executive describes why he thinks the government's research and development will work, and the pitfalls it needs to avoid.
Inland Revenue's new Accounting Income Method now has plenty of early adopters and now the focus is on improving the product for year two.
Inland Revenue says that more than 1,100 businesses have signed up to the new Accounting Income Method (AIM) so far.
Misunderstanding tax obligations could be a reason many startups fail, says NexGen Group director Vinay Ishwar.
Inland Revenue gets a few raised eyebrows when it promotes accounting software to SMBs, but are definite transformative benefits for tax obligations.
Government closes loophole giving offshore firms an advantage by not requiring them to collect GST on goods sold to local consumers.
In Google Australia has posted $1.02b in revenue. However, in their report, they note that it could have been $3b if not for creative accounting.
The currency is usually encrypted using Blockchain technology that regulates the generation of new units and verifies fund transfers.
The programme is expected to cost between $1.5 and $1.69 billion, with most of the costs coming from purchasing goods and services.
Bellingham Wallace director Mike Atkinson talks about the evolution of the accountant's role, and why SMBs will still need them.
With New Zealand's General Election little more than seven weeks away, small businesses are concerned how the outcome will impact their tax rates.
Acting Chair Greg Lewis believes that practitioners should consider professional indemnity (PI) insurance cover to deal with first-party losses.
After successful trials, Xero is bringing direct electronic GST returns to its software that can be sent straight to the IRD, the company reports.
The IRD is seeking consultation and feedback on how software development expenditure should be classed for income tax purposes.
Increasing numbers of businesses and individual taxpayers turning to online service to pay tax means big savings, according to the Government.