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Why should you invest in an accountant’s services? It’s understandable to feel overwhelmed by the abundance of expenses when starting a business, but hiring an accountant offers numerous benefits: Maximise your deductions and minimise tax liability. Assurance of correct setup from day one. Dealing with IRD matters on your behalf, freeing up your time. Expert […]

As crazy as it sounds, you do need to declare gifts as income, the Inland Revenue Department (IRD) have made it clear ‘If content creators do not want to be taxed on receipt of a non-monetary item, they should not accept the item.’ If you receive non-cash benefits to promote, such as gifts, hotel accommodations, travel

It’s remarkable how the little things accumulate: popping into the shops for some stationary or rushing out of a taxi at the airport to catch an early flight for a crucial business meeting. These are the details that often slip our minds as we focus on the big picture. Regardless of size, these are all

The key thing to look at is whether the costs have a relationship to your content creating activities, if it is, there’s a good chance you can deduct these costs and deduce your tax bill, Here is a list of things you could be deducting; For an expense or loss to qualify for deduction, it

It can be difficult working out what sort of business structure you should have, most people are deciding between sole trader or partnership or a company. Here are some advantages and disadvantages of each; Sole Traders, Advantages Disadvantages Partnership, Advantages Disadvantages Company, Advantages Disadvantages

Why use an Zest Accountant vs a website-based tool? New products entering the market that offer a fee based on your % of income may seem easy and cheap at first, but they are not all that meets the eye. The problem with these tools is they have massive client bases; this means you are

What counts as income could surprise you! You need to be aware of anything related to your content creation that could be viewed as income. Same examples could be; • Payments from platforms based on the number of times content is viewed;• subscriptions;• payments for promoting products or brands in a content creator’s online content;•

Assigning an alternative label to an activity, engaging in something as a secondary pursuit, or considering a non-routine job does not negate its status as income. The Inland Revenue Department (IRD) may view a hobby as a source of income. Consequently, it is essential to proactively report such earnings to the IRD. The IRD have

So, you have been uploading videos, it’s been this thing you do in your spare time, and you have managed to hit the monetization mark. Now people are sending you gifts to advertise… well there is a good chance you need to be telling the Inland Revenue Department (IRD). There are different factors that the

General Guideline Providing sponsorship for your team or community event can be fully deductible depending on the type of sponsorship, as long as your business receives promotion. Fully Deductible Sponsorship For sponsorship to qualify as fully deductible, it must meet the general deductibility criteria. The IRD must ascertain that the expense relates to advertising and