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Tax Pooling Options
Short-paid your tax? Tax pooling intermediaries approved by IRD can let you settle short-paid 2024 provisional and terminal tax without incurring penalties — sometimes as late as 18 June 2025.
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Practical NZ tax tips.
Short, practical tips on minimising tax legally — written for New Zealand business owners by Tauranga Chartered Accountant Josef Langreiter.
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Tax Arrears, IRD Interest & Penalties
Can't pay your tax? Knowing the IRD's late-payment penalties and interest charges helps you minimise unnecessary costs and stress.
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Motor Vehicles — Leasing vs Buying
Is it better to buy or lease a vehicle? GST claims, deductible expenses and Fringe Benefit Tax all differ depending on the choice.
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Motor Vehicle Fringe Benefit Tax (FBT)
Choosing lower-cost vehicles, reducing private-use availability and recovering a contribution equal to the benefit's value can take FBT to nil.
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Motor Vehicles in General
Vehicles are often used for both business and private travel — the IRD has rules for sole traders, employers and companies covering adjustments and FBT.
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FBT Exemptions — Employee Gifts & Transport
Ways you can reward employees and shareholder-employees without paying Fringe Benefit Tax.
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Holiday Pay, Bonuses & Directors' Fees
Applying the 63-day rule for accrued holiday pay, bonuses and directors' fees can reduce your terminal and provisional tax bill.
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Selling Assets & Trade-ins
Negotiating a discount on a new vehicle rather than a generous trade-in value can have a positive impact on terminal and provisional tax.
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Buying Assets
The type and value of business assets you buy affects how much they reduce your terminal and provisional tax bills.
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Prepayments
Prepaying some upcoming expenses (rent, insurance, subscriptions, rates) before year-end can reduce your taxable profit this financial year.
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Inventory
If your business carries inventory, the closing value at year-end has a real impact on the tax you'll pay.
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Tax Minimisation is Legal
Tax minimisation — arranging your affairs to legally pay less tax — is perfectly legal and a smart part of running a business.