It can be very confusing to understand all the varying types of business structures and their meanings. In this article we will look at the definitions of Sole Trader, Partnership... read more →

Income Tax The standard tax year in New Zealand runs from 1 April to 31 March. If you are doing your own income tax returns you'll need to have them... read more →

Most businesses incur expenses when generating income. Most of these expenses can be deducted from the income to arrive at the net profit (also known as net income or taxable... read more →

If you are a self employed individual or an SME, it's likely you'll have purchased some fixed assets for your business. While TaxSnaps can help you securely store your invoices... read more →

If you have a vehicle that is only used for business purposes, you can claim the full running costs as a business expense. If you use your vehicle for both... read more →

For business owners who do some work from home, make sure you claim a portion of your home office expenses in your end of year Income Tax return. A recent... read more →

It is important to know if you are an employee or self-employed, because the tax and Accident Compensation laws treat the two groups of people differently. In this article we... read more →

So you have determined that you are self employed and in business – great! As the owner of a business, keeping good business records is very important. 1. Making tax... read more →

Income that you receive from renting out a property is called residential rental income. If you are a landlord you will be liable for income tax and this will need... read more →