Netiquette Tips For Your Business

Taxation of Insurance Receipts

New Zealand has taken a battering in recent years from major disasters including earthquakes, fires, cyclones and floods. These have caused business disruptions, devastated lands, and damaged our capital’s infrastructure and homes. Where insurance is received, a question often asked is how these receipts should be treated for tax purposes. Whether insurance proceeds are taxable

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ACC Levies

Partnership income earned as a result of “active” (physical or administration) involvement is liable for ACC levies, which will be invoiced by ACC.  If your involvement in the partnership income is an administration only role we can change your classification to “administration”. If your share of this income is received in recognition of your capital

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