Closing a business is a significant decision that comes with financial and administrative obligations. Whether you’re winding up a company voluntarily or due to financial difficulties, understanding the costs involved can help you plan effectively. This article covers the tax implications for companies with retained earnings and the process of winding up a business in New Zealand.

Tax pooling is an effective way for New Zealand businesses, especially small businesses and startups, to manage their tax obligations more efficiently. It is particularly useful for those with fluctuating income, seasonal cash flow, or unexpected tax bills. Tax pooling provides flexibility, reduces the risk of penalties and interest, and can significantly ease cash flow pressures. We work with one of the leading tax pooling intermediaries in New Zealand - Tax Traders, offering businesses a smarter approach to handling tax payments.

The title says it all..

Not sure what receipts you need to retain or records you should be keeping to support your income tax or GST returns and legal obligations as a small business owner in NZ? We've broken it down for you in this blog.

Not sure what the fringe benefit reimbursement in your financials stands for, or if the benefits you provide your team need to be taxed? In this blog we cover everything you need to know around FBT - aka Fringe Benefit Tax.

NZ’s tax rates are changing from 31 July 2024! Here’s what you need to know for the 2025 year and beyond

Selling a car or business asset and not sure of the tax implications? Check out our worked example to give you an idea of the tax costs

New to business and not sure when you will have to pay tax? The dates and how tax is calculated is covered here!