What is a bad debt? Just what is a bad debt? That’s a question that Inland Revenue has set out to define in a recent exposure draft for public consultation. The department proposes defining a bad debt as: an existing debt owed to a taxpayer that has been judged to be “bad’ by a “reasonably prudent …
Business Loans: Improving the Odds In a guest post, David Paulin shares his tips with us about improving the odds with that business loan application. Have you recently found banks can take a long time to make a decision and then can easily say no without explaining why? To avoid feeling frustrated, annoyed, angry or …
What is a Limited Partnership? Just what is a Limited Partnership, and why is it different from a standard Partnership? Limited Partnerships were intended to appeal primarily to foreign investors and venture capital investors in New Zealand start-up enterprises. This is because they offer limited liability to investors and allow any losses to flow through …
New Home Office Expenses Method There is a new option for calculating Home Office expenses for small business owners which might be attractive to some business owners. Existing Method Business owners who use their home for work have long been able to claim a portion of their home expenses. This has been done by dividing …
