Income for businesses and organisations

Recording income and expenses, filing returns, paying tax for all businesses and organisations earning money in New Zealand.

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Types of business income Business income can cover anything from selling goods online to investing overseas to running a large company. How your income is taxed depends on what kind of income it is.
Types of business expenses If you're in business, you can claim different types of expenses against your income.
Losses Your business is making a loss if its expenses are greater than its income. Businesses making a loss do not have to pay income tax. A loss can often be used to reduce your taxable income in the future.
Buying or selling a business Common tax issues to consider when you buy or sell a business.
Income equalisation schemes Eligible types of businesses can spread their gross income from year to year under the income equalisation and environmental restoration schemes.
Balance dates A balance date is the last day of an accounting year. Most businesses have a balance date of 31 March.
Tax rates for businesses Businesses and organisations pay income tax on their profit.
Income tax for companies Imputation credits, losses and filing for different sorts of companies.
Income tax for trusts and estates Trustees of a trust hold money or property for the benefit of its beneficiaries or for purposes allowed by the law. Estates are a person’s assets after they have died. Both trusts and estates are taxed on the income they generate.
Income tax for partnerships Partnerships do not pay income tax on their profits. Instead the profit or loss is shared between the partners.
Income tax for Māori authorities Māori authorities need to keep track of all payments they make to their members, and the tax paid on those payments.
Income tax for local authorities Some of the special income tax rules that apply to local authorities.
Income tax for registered superannuation funds All superannuation funds registered with the Financial Markets Authority must file an IR44 return.

Tāke moni whiwhi mā ngā pakihi me ngā whakahaere Income for businesses and organisations

Income for businesses and organisations