by John O'connell | Nov 11, 2015 | Tax Law
Many people who run a small business use an area in the home for work purposes. You do not have to have an area specifically set aside for the business. If you’re doing this, you can make a claim for the area so long as you keep a full record of all expenses you...
by A1 Accounting | Jul 25, 2015 | Tax Law
IRD has issued new depreciation rates for residential rental property chattels effective from 1 april 2011. For more information contact us. Buildings can no longer be depreciated effective 1 April 2011. Carparks (buildings and pads) can still be...
by A1 Accounting | Jul 25, 2015 | Tax Law
IRD has a new weapon – what did Parliament contemplate! Given that Inland Revenue writes the law and advises Parliament and MP’s don’t have a clue – arguably Parliament contemplated what ever Inland Revenue contemplated. So logically, if Inland...
by A1 Accounting | Jul 25, 2015 | Tax Law
The Income Tax Act 2007 has a provision which allows Inland Revenue to collect outstanding tax of a company from another similar company if it considers there was an arrangement to avoid paying tax due. The company can have similar shareholders or directors and the...
