Until recently the Inland Revenue has been rather liberal in their allowing deductions for food and drink while travelling away on business, but not no longer. Them days are over, Rover! The consumption of food and fluids is something we all have to do to stay alive and so new clarification from the Inland Revenue […]
Governments requirement for Landlords to insulate – Tax Treatment? From 1 July 2019 landlords are required to have installed under floor and ceiling insultation or risk being fined. Plus, landlords are required to provide an “insulation statement” for all new tenancy agreements. But what’s the tax treatment for this additional cost? Even though this is […]
The new Accounting for Income method (AIM ) has not fired as it requires a lot more work. Are Small/ Medium businesses prepared to pay for the extra compliance cost? While the Online accounting software like MYOB, Reckon and Xero require accountants to do extra work – do they have the time? Until the accounting […]