|
Our Services
Income Tax At The Tax Lady we offer a broad range of Taxation Services. Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and ensure any tax due is paid on time. We are recognised by the Inland Revenue as Tax Agents and are a Full Member of the Tax Agents Institute of NZ (TINZ).. Unless you are employed and have no other income from other sources you will need to complete an income tax return each year.The tax year for most businesses is 1 April to 31 March. If you are a NZ resident for tax purposes you will be taxed on your worldwide income. When you complete a tax return you must include your income from all sources (including that from overseas). If you are operating your business as a partnership, trust or company you will need to file a separate tax return for your business. Income tax is payable on the net profit from your business, which is the income earned less any allowable business expenses. If you appoint a Tax Agent to pepare and file your returns you will, in most cases, receive an 'extension of time to file' meaining you will have until 31 March the fllowing year to file your return. A business usually needs to pay income tax three instalments (known as Provisional Tax). When you send in your tax return you pay or recive the difference between what you have already paid in provisional tax and the actual tax payable for the year.
| ||||||
