In a recent article, I cautioned about the risk of fringe benefit tax by operating a company motor vehicle as part of a small business. Until recently, if a company car had personal use, it was subject to fringe benefit…
Interest on your business loan – is it deductible?
If you’re in business in New Zealand and you borrow money, the interest you pay to the bank is deductible for income tax – right? Well, maybe it is, but there are plenty of traps to avoid. One is on-lending…