Empower Your Business

Accounting is Just the Beginning

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Laugh at the IRD!

Illustration cerdit http://www.sxc.hu/photo/1399004

Are you a business owner trading via a limited company? Did you know that you can legitimately claim for private goods and services paid for by your company?

Yes you can, and it doesn’t matter what you claim – flights, a hotel bill, a present for your kids (or yourself), a new outfit – they’ll all be OK. One small catch, the amount you spend cannot exceed $300 per quarter per owner.

OK, it’s not a huge amount, but it all helps in these tough times right? And why pay them a cent more than you need to, I say?

If you need help to slash your taxes contact Nick on 0800 ASK NICK or email nick@abac.co.nz.