At MyTax, we get asked a lot of taxing questions! Here are some examples of the many questions we field each week. Got more? No problem. Give us a call, we’d love to help!
If you are a New Zealand resident, you can apply for an IRD number using the IR595 form.…
read moreIf you are planning on living and working overseas, or coming to New Zealand to work, then you need to consider your tax status.
Typically, if you are resident in one country for long enough, then you pay taxes in that country, however there are a number of special cases that could affect you. Do you have to keep paying off a student loan?…
read moreMany expenses associated with running a business can be deducted. Not all business expenses can be claimed, and not all expenses are 100% deductible, so let’s take a closer look at some of the common questions relating to deductions.
Tax deductible expenses in New Zealand fall into the following main categories:
Tax applies to investment income in New Zealand.
If you hold investments, there are various aspects of tax legislation that may apply to you, depending on the type of investment you have, and any other earnings that you make. In this article, we’ll take a look at some of the more common investment tax scenarios and provide a few useful links to further reading material.…
read moreIf you have boarders, flatmates or tenants, you may be liable for tax on any payments they make to you in exchange for accommodation.
Typically, you can reduce the amount of tax you must pay by including related expenses. For example, if you had the expense of a mortgage, which is necessary to provide the accommodation, then you might be able to include this a tax deductible expense.…
read moreIf you’re selling your stuff on TradeMe, or anywhere else online, do you need to pay tax?
TradeMe is the top trading site in New Zealand with over 4 million accounts registered. Given the volume of trades that go through the site, it naturally attracts the attention of various authorities, including the Police and the IRD.…
read moreCongratulations to the following winners of our Prezzy card competition, who each won a $100 Prezzy Card by reapplying for their tax refund with MyTax by 31st March!
You can get your refund too, just submit an application using our simple online form.…
read moreGovernments typically like taxing things, whether the aim is to raise revenue or to dissuade usage, but is it a good idea to tax sugar, and sugary drinks, in particular? In this article, we’ll look at the pros and cons and look at how it might affect your weekly shopping bill if they do.
Do you remember when you received your first pay packet? It probably felt good to see your total earnings on the pay slip.
However, like many people, your heart no doubt immediately sunk when you saw the deductions. The biggest of those deductions was likely taken by the taxman, namely income tax.
In this article, we’ll look at why the taxman takes a hefty chunk of your earnings, and the steps you can take to reduce that amount, or reclaim your overpaid taxes back.…
read moreThe winner of the Canstar Blue Consumer Satisfaction Award – Personal Tax Agent for 2017 is MyTax. MyTax scored a maximum five stars in all six categories and won the Most Satisfied Customer award for the second year running.
Again this year, MyTax was the only agent to receive a 5-star score from consumers for overall satisfaction.…
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