Posts Tagged ‘explanations’
WHAT’S THE PROCESS FOR MY TAX RETURNS?
Here are the main steps involved in your tax return preparation
Read MoreWHAT IS AUDIT INSURANCE?
WHAT IS AUDIT SHIELD INSURANCE? It’s an insurance to pay your accounting and legal costs if IRD start asking questions
Read MoreWHAT IS A SOLVENCY RESOLUTION?
WHAT IS A SOLVENCY RESOLUTION? A solvent company is one where the assets are more than the liabilities. An insolvent company is the opposite
Read MoreWHAT IS FATCA? AND WHY IS MY BANK WRITING TO ME ABOUT IT?
FATCA NZ bank customers get letters about every year, and most people have no idea why. That’s especially true if they’ve never set foot in the United States. This guide explains what FATCA actually is, and why your bank is asking. It also covers a closely related rule that catches even more people out: CRS,…
Read MoreUK PENSION TRANSFER TAX: HOW MUCH WILL YOU PAY?
CAN I CLAIM MY HOLIDAY AS A RENTAL EXPENSE?
You have a rental property. Can you claim your holiday as an expense? If you spend time travelling as part of your business you can claim business travel as an expense. A good way to prove the business portion of your travel expenses is by keeping a diary of your travels.In addition to keeping invoices, receipts and tickets you should also keep details of:the date of the tripyour itinerarythe cost of car hire, and air, bus and taxi faresthe cost of accommodation, meals and incidentalsthe t […]
Read MoreUNDERSTANDING FINANCIAL STATEMENTS
It is a statement of what your business/company owns (assets) and owes (liabilities). Assets include things like bank accounts, inventory (stock) property, cars, computers, money owed to you (debtors) etc.
Read MoreWHAT IS XERO.COM?
Many have never heard of Xero and wonder what it is, what it does, how does it benefit you and is it safe? We attempt to answer
Read MoreCOMMON QUESTIONS ABOUT YOUR FINANCIAL STATEMENTS
COMMON QUESTIONS ABOUT YOUR FINANCIAL STATEMENTS. Questions about your financial statements? Here are the answers to some common ones
Read MoreHOW IS FOREIGN-SOURCED INCOME TREATED IN MALAYSIA?
How is foreign-sourced income treated in Malaysia? This is a question worth revisiting properly. Malaysia’s approach changed significantly in 2022 — the old blanket exemption many people still assume applies isn’t quite how the system works anymore. This article – although dated 2023 – has been rewritten with the latest updates as of 2026. 30-Second…
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