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What is Income?

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;•

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Sponsorship and Deductions

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

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Tax Rates for Sole Traders

Introduction: New Zealand boasts a thriving entrepreneurial spirit, with many individuals choosing the path of becoming self employed to pursue their own dreams of success. As a sole trader, understanding the basics of tax rates is crucial for maintaining financial health and compliance with the law. In this article, we’ll delve into the tax landscape

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