Which companies offer rental property tax filing services
Elite Taxation What counts as Rental Income? In basic terms, all money you collect from your tenants is taxable income. This includes: Weekly or weekly rent. Payments for water or power (if you pay the bill and the tenant pays you back).any fees or “bonus” payments you impose. You must submit this revenue to the […]
Rental Income Tax in New Zealand – A Simple Guide for Property Owners.
Rental properties continue to be a promising investment in New Zealand. They offer a steady income stream from rent and the potential for capital appreciation. Despite a relatively slow property market in recent years, the current climate presents an excellent opportunity for first-time home buyers and those venturing into the rental property market. Whether you’re […]
What is Provisional Tax? Explained.
If you run a small business, work as a freelancer, or earn income that isn’t from a salary, you might have heard of provisional tax. But what does it really mean, and how would it affect you? Let’s break it down in simple terms. What is Provisional Tax? Provisional tax is a system of paying […]
Big GST Changes for Rideshare Drivers and Airbnb Host in 2025
If you’re an Uber driver, Delivereasy rider, or other rideshare/food delivery contractor and Airbnb Host you’ll want to pay close attention to some major GST changes coming on April 1, 2024. The new rules will affect how GST is applied and reported for services provided through online platforms like Uber, Delivereasy, Airbnb etc. The key […]
7 Tips to save money on Tax for Rideshare Drivers
1. Track Mileage As per IRD, we can use two methods to claim certain expenses, one is actual methods another is the millage rate method. In Actual, you can claim fuel, insurance, repair and maintenance depreciation, registration and fitness. But in the Millage rate (second method) we can use the advise rate by Inland revenue […]
Rental Property Tax Returns in New Zealand
Property investments are still considered worth investments in New Zealand. Rental properties give you weekly income as rent and a capital gain. The property marking has been quite hot in the past couple of years. As per the recent article on stuff, the rental pricing is expected to continue increasing. Northshore in Auckland and Porirua […]
Tax and GST Requirements for Rideshare Drivers in New Zealand
Suppose you are a Rideshare driver for Uber, Ola Didi. You are also known as a Sole trader or independent contractor. You need to file your tax return IR3 by the 7th of July unless you have a tax agent. You can claim all expenses directly linked to your rideshare earning income. However, we can […]
