Monthly Archives: November 2014

Introduction to business: Record keeping

Don’t stress out about the paperwork! In this video, we explain what you need to do to keep on top of your record keeping. […]

November 17th, 2014|

Introduction to business: Registering for GST

When you start out in business, you may need to register for goods and services tax – GST. In this video, we’ll give you a quick overview of what you need to know. […]

November 17th, 2014|

Introduction to business: Depreciation

Depreciation recognises that your fixed assets lose value as a result of normal wear and tear. You treat depreciation like an expense and deduct it from your gross income when you do your income tax return. […]

November 17th, 2014|

Introduction to business: Expenses

In this video, we explain the difference between revenue and capital expenses and what you can claim in your income tax return. […]

November 17th, 2014|

Introduction to business: Income and provisional tax

Are you in business for yourself? In this video, we explain how income tax works. You’ll also find out if you have to pay provisional tax, which is a way of paying your income tax throughout the year. […]

November 17th, 2014|

Introduction to business: Business Structure

When you’re looking to start a business, one of the first things you need to do is choose a business structure that’s right for you. The three most common business structures are sole trader, partnership, and company. We’ll look at each one in turn, and you’ll see how “doing your taxes” changes according to the business structure you choose. […]

November 17th, 2014|