http://www.evansaccountants.co.nz/blog/ The latest Blog feeds from www.evansaccountants.co.nz en-us Wed, 16 Sep 2026 12:55:48 +1200 Rocketspark http://www.evansaccountants.co.nz/blog/post/170081/could-coverplus-extra-save-your-business-money/ Many business owners and farmers do not spend much time thinking about ACC. But the type of ACC cover you choose can make a big difference to both your levy cost and the support you receive if you have an accident and cannot work.If you are self-employed, there are two common options: CoverPlus and CoverPlus Extra. CoverPlus is the default option. If you make a claim, ACC usually pays up to 80% of your taxable income, based on your most recently completed financial year.CoverPlus Extra works dif... Tue, 15 Sep 2026 11:17:00 +1200 http://www.evansaccountants.co.nz/blog/#post170081 http://www.evansaccountants.co.nz/blog/post/169795/when-did-claiming-a-coffee-or-meal-get-so-complicated/ We are often asked: “Can I claim this coffee, lunch or dinner?” It sounds like it should be a simple yes or no question, but with meal expenses the answer is usually: “It depends.”Some meal costs are fully deductible, some are only 50% deductible, and some cannot be claimed at all. The result depends on who paid for the meal, why it was provided, where it happened, and whether there was a private or entertainment element.The basic rule is that your own everyday food is normally private. ... Tue, 08 Sep 2026 12:05:46 +1200 http://www.evansaccountants.co.nz/blog/#post169795 http://www.evansaccountants.co.nz/blog/post/166558/understanding-inland-revenue-penalties-for-late-payment-and-late-filing/ Staying on top of your tax obligations is one of the simplest ways to avoid unnecessary costs for your business. However, we understand that deadlines can sometimes be missed, especially during busy periods.Inland Revenue (IRD) applies penalties for both late payments and late filing, and these costs can add up quickly. Here's what you need to know.Late Payment PenaltiesIf tax is not paid by the due date, IRD may apply a series of penalties.Income Tax, GST, FBT and Withholding Tax1% initial late... Sun, 21 Jun 2026 19:22:36 +1200 http://www.evansaccountants.co.nz/blog/#post166558 http://www.evansaccountants.co.nz/blog/post/165657/income-tax-rates/ Understanding New Zealand Income Tax RatesUnderstanding how income tax works is an important part of managing your finances and planning for the future. New Zealand operates a progressive tax system, meaning different portions of your income are taxed at different rates as your earnings increase.Whether you're an employee, self-employed, a company director, or a trustee, knowing which tax rates apply can help you make informed financial decisions and avoid surprises at tax time.Individual Income... Tue, 02 Jun 2026 11:59:59 +1200 http://www.evansaccountants.co.nz/blog/#post165657 http://www.evansaccountants.co.nz/blog/post/164475/acc-earners-levy/ ACC Earners’ Levy Changes (2023–2027)The ACC Earners’ Levy helps fund injury cover for all working New Zealanders and is deducted from salaries, wages, and self-employed income up to the maximum liable earnings threshold.For employees and self-employed individuals earning at or above the maximum threshold, the levy payable increases slightly each year as both the levy rate and income caps rise.Income YearEarners’ Levy Rate (inc. GST)Max Income Earners’ Levy (for employees) charged onMa... Tue, 12 May 2026 12:17:36 +1200 http://www.evansaccountants.co.nz/blog/#post164475 http://www.evansaccountants.co.nz/blog/post/164049/gst-thresholds-explained/ If you’re running a business in New Zealand, understanding GST thresholds is essential for staying compliant and choosing the right reporting setup. Whether you’re just starting out or scaling up, your annual taxable supplies will determine when you need to register for GST and how often you file.GST Thresholds & Filing OverviewAnnual Taxable SuppliesGST / Filing DetailsLess than $2mPayments basis option availableMore than $24m1 monthly filingLess than $500,0006 monthly option available$... Thu, 30 Apr 2026 12:46:06 +1200 http://www.evansaccountants.co.nz/blog/#post164049 http://www.evansaccountants.co.nz/blog/post/163232/2026-checklists/ View our 2026 end of financial year checklists below. If you have any questions, please don't hesitate to get in touch!... Thu, 09 Apr 2026 03:15:28 +1200 http://www.evansaccountants.co.nz/blog/#post163232 http://www.evansaccountants.co.nz/blog/post/163147/what-a-charity-erg-marathon-taught-us-about-business/ On Saturday, Team Evans & Co took part in a charity erg marathon, raising funds for Cambridge Community House. While the physical challenge was very real (and left us a little worse for wear!), it also delivered some powerful reminders about the similarities between endurance events and business. As accountants and business advisors, we’re always looking for lessons that translate into realworld value for our clients — and this experience delivered plenty. Start With a Clear Goal Our g... Sun, 05 Apr 2026 20:18:24 +1200 http://www.evansaccountants.co.nz/blog/#post163147 http://www.evansaccountants.co.nz/blog/post/161959/investment-boost-or-accelerated-depreciation--a-refresher/ From 22 May 2025, businesses in New Zealand can claim a new tax deduction called the Investment Boost when buying eligible assets.What is it?The Investment Boost lets you claim an extra 20% tax deduction upfront on the cost of a new asset in the year you buy it.  You depreciate the remaining 80% as normal.It doesn’t increase your total deductions over the asset’s life — it simply gives you more of the tax benefit earlier, improving cash flow.How It Works (Simple Example)Let’s say yo... Fri, 13 Mar 2026 15:44:49 +1300 http://www.evansaccountants.co.nz/blog/#post161959 http://www.evansaccountants.co.nz/blog/post/161928/dividends-and-retained-earnings--the-forgotten-frontier-for-companies/ Many businesses operate through a limited liability company structure. Each year, the profit the company has made for the year is either distributed to shareholders as a salary or kept in the company to be used for debt repayment or growth and this ends up in retained earnings.  Often a mixed approach is applied.If all profit has been distributed to shareholders as a salary each year, then there will be no retained earnings, and no dividends will be required to be paid out to the shareholde... Thu, 12 Mar 2026 21:31:00 +1300 http://www.evansaccountants.co.nz/blog/#post161928