Pragmatic Accounting and Business Advisory Limited

15/08/2025

⏳ GST deadline is almost here!

Period ending: 31 July | Due: 28 August

Don’t get caught in the last-minute rush. Filing early means:
✅ No late penalties
✅ Peace of mind
✅ More time for your business

Let PAABA handle your GST – accurate, stress-free, and on time.

Contact PAABA today to get it sorted ✅ | 📧 [email protected] | 📞 021 0289 3088

Pragmatic Accountants and Business Advisory Ltd (PAABA) is an Auckland-based -based accountant and business advisory firm. We have a team of experienced business advisors and accountants across New Zealand, Australia, and India.

15/08/2025

💡 Do you have a Shareholder Current Account?
Most business owners do - but many don’t know how it works.

Think of it as a running loan between you and your company.
✔ Funds Introduced: Money you put in (cash deposit, paying company bills personally).
✔ Drawings: Money you take out (cash withdrawal, company paying personal expenses).

Why it matters:
✅ Accurate records = smoother tax time.
⚠ Overdrawn? That’s like the company lending you money - and IRD may charge interest at the prescribed FBT rate.

At PAABA, we help small business owners understand and manage their shareholder accounts so there are no surprises at year-end. From tax compliance to business advice, we’re here to keep your finances in check and your stress levels low.

📌 Pro Tip: Review your shareholder account regularly with your accountant.

📧 [email protected]
📞 021 0289 3088

12/08/2025

💡 Provisional Tax – What You Need to Know

If your last income tax bill was over $5,000, you may need to pay provisional tax this year. This applies to businesses, contractors, self-employed individuals, and rental property owners.

Provisional tax is simply income tax paid in advance for the current financial year, split into three instalments based on last year’s income plus 5%.

📅 Important dates:
• 28 August
• 15 January
• 7 May

✅ Why it matters: Keeping on top of your provisional tax can help you avoid interest, penalties, and nasty cash flow surprises.
💬 Tip: Check your accounts throughout the year and speak with your accountant if you’re unsure how much you need to pay – your instalments can change if your profit changes.

Need help making sense of it all? We can work out your payments and make sure you’re only paying what’s necessary.

📞 Contact us today – let’s get your tax sorted before the due date.