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Fringe Benefit Tax: Common Employee Benefit Mistakes to Avoid
Many businesses will soon be starting to assess all the non-cash benefits provided to employees to determine whether or not Fringe Benefit Tax needs to be accounted for in their March quarter FBT return (due before 31 May). Graham Lawrence provides a useful guide to Fringe Benefit Tax to help businesses avoid making mistakes that could hurt profitability.
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How Different Pricing Strategies Impact Your Business
Choosing to discount or raise prices is going to create a ripple effect that will impact other areas of your business. But how and to what extent?
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We talk to the NZ Herald about Employee Share Scheme options
The employee share-option route, whereby staff get an option to buy shares at a predetermined price is a popular way to get more buy-in, less churn from staff and hire people you might not otherwise be able to afford.
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Bachs, boats and aircraft: How are these ‘mixed use assets’ taxed?
If you’ve been snared by the mixed-use asset rules, then it would be a fair to assume that you’re going to be paying more tax, repaying some GST if you claimed GST when you purchased the asset, and spending more on tax compliance costs.
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How to Determine Your New Zealand Tax Residency Status
Understanding whether you are a tax resident of New Zealand is crucial for compliance and tax obligations. Here we outline the key criteria and tests used to determine your tax residency status - helping you navigate the complexities of New Zealand's tax system.