You may’ve heard an exciting little rumour about not having to pay Fringe Benefit Tax on trucks, utes, and vans and the good news is that the rumour is actually partially true. You definitely don’t have to pay Fringe Benefit Tax on trucks that weigh more than 3500 kilograms but that’s pretty chunky so if you’re thinking about buying a Hummer, for your trendy inner-city firm, it’ll probably have to be a pretty serious military Humvee with the warheads still intact to weigh more than that! (more…)
Fringe-Benefit-Tax and your Truck, Ute or Van
November 1st, 2011 | Posted by in Fringe Benefit Tax | Motor Vehicle Fringe Benefit Tax - (3 Comments)Idiots Guide to getting an IRD audit
October 14th, 2011 | Posted by in Accountant in Auckland | Chartered Accountant Auckland | Claiming business expenses Meals Food and Drink | Dealing with the IRD | Fringe Benefit Tax | Motor Vehicle Fringe Benefit Tax - (13 Comments)If you’re a bit of an adrenaline junky and looking for a new business thrill then try an IRD audit. Some Inland Revenue audits even come with surprise raids of your home and may involve taking photographic evidence of your knicker drawer as Dragons’ Den star Paul Webb recently found out. So if for some reason you’re a bit of an idiot and really keen to hit the IRD’s radar then here’s a few things that’ll help you succeed on your mission:
-
File your returns late or don’t even bother filing them at all.
-
Don’t pay your PAYE. This is a goody because it makes you look like a real criminal stealing from your staff.