A New Way to Pay Tax
October 3, 2017
New Provisional Tax Method - Accounting Income Method (AIM)
From April 2018, there is a new provisional tax calculation method called the Accounting Income Method(AIM). AIM allows for businesses with sales of less than $5m to meet their provisional tax obligat...
Non-Taxable Allowances
September 5, 2017
An employer may pay a non-taxable allowance (NTA) to an employee to reimburse them for expenses such as the costs of tools (when required as part of their employment agreement) or protective clothing and equipment (for example, steel cap boots, a uniform, or wet-weather gear...
Why you have tax to pay, but may have no cash…
April 21, 2017
The difference between cash and profit… an example.Just because business profits are reinvested back into the business, does not change that it has been earned in the first place.For example, a business buys stock to sell to its customers for $300. It sells that stock...
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