17

Aug 2017


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Vehicle purchase decisions never been trickier

It has never been trickier to analyse the costs and benefits of buying a new car, especially because of the claims about electric and hybrids cars saving you money.
But will they in the long run? It’s worth comparing costs for equivalent petrol or diesel cars. List them, and include the loss in value of your car each year and calculate the annual cost of ownership.
 
The things you need to consider include:
 
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17

Aug 2017


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Set out to succeed

According to international business information service Bloomberg, eight out of 10 new businesses fail in the first 18 months.
If you want to be one of the two out of 10 who succeed, there's plenty of useful advice from experts. A web search will throw out lots of tips, but some consistent messages come through.
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13

Jun 2017


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Windows 10 tips and tricks

Find a file by clicking on the magnifying glass symbol on the toolbar. Type in the name of the missing file and if it exists, it will be located for you.
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13

Jun 2017


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Keeping a log book made easy

Keeping a vehicle log book is a bind. 
 
Inland Revenue requires you to note your opening odometer reading and closing odometer reading over a three-month period. It will allow you to record your business trips only, over that period. Unfortunately, if you overlook a business trip, it will become a private trip by default.
 
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13

Jun 2017


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Money laundering hits accountants

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13

Jun 2017


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Danger in cashing up when company sells

If your business is in a company, you need to understand tax on capital gains. 
 
Tax law dictates you must not take any capital gains out of the company except when winding up. 
Here is the big danger. You sell your business for a nice profit of, say, $200,000. Naturally, the first thing you think of is how you can use this. So you take the money out of the company and, whoops, you've “broken the law”.
 
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13

Jun 2017


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PAYE salaries for company owners

The law has just been changed. Provisional taxpayers will be permitted to take a PAYE salary and still remain provisional taxpayers. 
 
Some people have been doing this already, but it has never been entirely correct.
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13

Jun 2017


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FBT on work-related vehicles

You must pay FBT on a work-related vehicle, if it's available for private use. It doesn't matter that the vehicle is a commercial vehicle and not a car, nor that it's been sign-written to comply with Inland Revenue requirements.
 
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