Covid care package

You might’ve noticed we always try and add a little light-heartedness and hopefully a smile to our mailers but right now that doesn’t seem appropriate.  We know many of you are dreading the upcoming tax bills (due 7-Apr-20 and 7-May-20) so we wanted to give you a care-package of sorts, which summarises all your options in one place. Hopefully, you’ll find an option below which works for you (click page 2 below).

Tax reminder

One of our clients recently admitted to letting out a panicked scream when they open our tax reminders. As amusing as that may be, it’s not our intention to scare you. We just want to keep you safe so if being disembowelled by the IRD doesn’t sound like something you’d be into, it’s best you pay your tax today.

Ouch it’s tax day

You’ve got to hand it to the tax department … welcoming you back to work by taking a nasty bite out of your bank account.  And they’ll be back for even more if you don’t pay on time so please don’t forget to pay your IRD bills today.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

______________________________    www.boutiquefinancial.com   _______________________________

Boutique Financial Chartered Accountants & Business Commentators

Copyright © 2019 Boutique Financial Limited Chartered Accountants Auckland All Rights Reserved. This publication must be read in accordance with the attached disclaimer and does not provide an exhaustive statement of tax law.

 

2018 Checklist

Please click below to download your checklists:

Happy new tax year!
And you know what that means, don’t you?  Time to get your books sorted and into us.  Thanks to technology, the days of sending us paper are well and truly gone.  And what a relief that is because one of the worst jobs of my career was having the most enormous box of paper bank statements dumped on me.  It wasn’t the size that frightened me but the smell.  It absolutely reeked.  I spent the next week locked in my cubicle trying not to breathe in the toxic stench, while the other accountants treated me like I was contagious.

This was twenty-something years ago, in one of the big old prestigious firms and junior accountants were barely permitted to speak, let alone complain.  There were more than sixty accountants crammed into my section of the office and I swear every single one of them passed by my desk (keeping a safe distance, mind you) giving their unwanted opinion on the origins of the aroma.  To this day it remains a mystery but I suspect a pet (now potty-trained) is out there somewhere laughing at me still.

And on that note, we look forward to receiving your ‘smell-free’ records soon.
You’ll find a checklist, of everything you need to send, by clicking here.

 

Picture credit with thanks to Interior Design Magazine

IRD giving away holidays

Yes, it’s true. The IRD has started giving away free all inclusive holidays with your room, meals, beverages and even some sports activities included.  To be eligible, you’ll need to stop filing tax returns and start specialising in cash-jobs.  The most recent “winners” were in the building sector but that doesn’t mean they won’t open this up to your industry too.

Continue reading IRD giving away holidays

Rookie business mistakes

Being an exacting accountant, with all those horribly strong type-A personality traits, it almost hurts me to say this but one of the biggest mistakes I made when starting out was not realising that business isn’t about doing a great job or working incredibly hard.  Yes, those things are really important but not the most important.

What I’ve come to realise is that business is more about the stuff in between; the keeping everyone happy stuff!  From explaining to customers why you’re worth it to tactfully dealing with incompetent staff and suppliers (because let’s face it, the good ones take care of themselves, don’t they).  Communication skills and relationship building are huge.  It’s almost as if you have to become a professional Happy-Maker!

Continue reading Rookie business mistakes

How to get tax back on clothes

One of the best things about being an accountant (yes there are some) is the ability to get up close and personal with some of the best businesses on the planet.  What’s not so great is being a messenger for the IRD.  Early in my career, I had an incredibly uncomfortable meeting with an elderly gent who just wouldn’t believe it was illegal to claim his glasses and hearing aid, even though he needed them to do his job.  It was quite the battle, I can tell you, so instead of boring him with legislation I told him about the court case where a personal trainer was sentenced, to home detention, for claiming running shoes and that even plain clothes police were taxed on their clothing allowance.

Now, I’m not saying it’s fair. Personally, I’m on your side but is there a way around these laws?  The answer is advertising.   I don’t know how you feel about having your business branding plastered all over your designer jeans but it’s one way to make them tax deductible.  Without advertising, most clothes fail under the scrutiny of a ‘brown-trousered’ tax investigator (unless they’re uniforms or health and safety wear).  We’d hate you to get caught out so why not quizz yourself to see if you can pick what’s deductible below?

“Life, as a business owner, isn’t perfect but your outfit can be”

______________________________    www.boutiquefinancial.com   _______________________________

Boutique Financial Chartered Accountants & Business Commentators

Copyright © 2017 Boutique Financial Limited Chartered Accountants Auckland All Rights Reserved. This publication must be read in accordance with the attached disclaimer and does not provide an exhaustive statement of tax law.

The end of fringe benefit tax on company cars?

Yes, it’s true.  Sort of, kind of anyway!  Some of you are now eligible to have a company car without the sting of paying Fringe benefit tax (FBT) on it.  Nothing’s quite that simple though especially when it comes to the intricacies of tax legislation and there are, of course, a whole string of eligibility requirements.  We’ll cover a few of them below but this type of thing is complex and riddled with fish hooks so it’s well worth having your Chartered Accountant review your situation properly before you do anything rash.

Continue reading The end of fringe benefit tax on company cars?