As a business owner, GST is not a tax on your business income. Your customers pay this when buying your goods and services. You collect GST on behalf of the government. Is your business set up for GST?
As a tradie, you might think loyalty rewards are tax-free. But the Inland Revenue has confirmed that this often isn’t the case! We share the rules and what they mean for you.
Sponsorship of community events and teams – is it tax deductible?
Creating and sustaining a brand identity for your business can set you apart from competitors and nurtures customer trust. Sponsoring community events or local teams can be a great way to do this. And sponsorship expenditure may be tax deductible.
