Accounts Services 1997 Ltd

21/01/2026

Congratulations to Michelle Maurice for continuing your Professional Development Compliance with Attainz.

02/07/2025

KiwiSaver changes came into effect on 1st July 2025.

1. People aged 16 and 17 will qualify for government contributions, so long as they meet other eligibility requirements. Prior to 1 July 2025, members must be 18 or older to qualify.

2. The government KiwiSaver contribution will halve, reducing the maximum government contribution from $521.43 to $260.72 each year.

3. People who earn more than $180,000 of taxable income in a year will no longer qualify for government contributions.

4. There’ll be no change to government contributions for the year ending 30 June 2025. These will be paid in July and August at the current government contribution rate.

For more information about changes happening from 1 April 2026 please click on the link below

If you are an employer, you need to be aware of several changes to KiwiSaver which will come into effect on 1 July 2025, with other changes in 2026 and 2028.

08/04/2025

Self employed people can claim on a range of expenses. Find out here what you can claim on.

Find out what you can claim for when doing your tax return. 💸 Head to business.govt.nz/claiming-expenses.

26/03/2025

IRD aim to recover $800m in unpaid tax from businesses.

Read this news article below👇

OPINION: Inland Revenue is cracking down on tax arrears, particularly payroll taxes and GST, after a few years of leniency - and business owners need to be prepared.

17/02/2025

Congratulations to Michelle for completing the 2024 - RTBA member continuing professional development compliance.

07/01/2025

Changes to interest rates for overpayments and underpayments to the IRD take place this month.

Changes are in store for people who overpay or underpay their tax. 💸

10/12/2024

We’re trading in uncertain times. But now’s the perfect moment to look at optimising your business. We’ve highlighted six key areas where you can improve your business efficiency.

We’re trading in uncertain times. But now’s the perfect moment to look at optimising your business. We’ve highlighted six key areas where you can improve your business efficiency.

08/12/2024

Happy Christmas to our valued clients. We wish you health, happiness, and new beginnings for the year ahead, and that 2025 brings you every thing you wish.

29/11/2024

Its that merry time of year where you celebrate with gifts or entertainment for your clients or employees.

But what are some options that is Tax Deductable and how much of it can you claim back?

Examples of Gifts that are 100% Tax Dectable are:
🎁Calendars
🎁Books or gift vouchers
🎁Tickets to a rugby game (but not corporate box entertaining)
🎁Movie tickets
🎁Presents that are NOT food or drink

Examples of Gifts that are 50% Tax Deductable are:
🎁Bottle of wine or 6 pack of beer
🎁Meal voucher
🎁Basket of gourmat food
🎁Box of chocolates/biscuits

Examples of Entertainment that are 100% Tax Deductable is:
🎄Dinner for Sales Rep while out of town selling and no client present
🎄Donating food to a Christmas party in a children’s hospital
🎄Providing entertainment, including food and drink at your promotional stand for the local Christmas Festival open to the public
🎄Employee's salary package includes a taxable allowance for entertaining clients
🎄Golf club subscription for business owner paid by the Company
🎄Gym membership for team member paid by employer
🎄Providing a meal for a journalist while reviewing your business for their column
🎄Providing morning and afternoon tea for your team
🎄Sandwiches provided at a lunchtime meeting of supervisors
🎄Sponsoring a local sports team
🎄Taking a client out to dinner while you are out of town on business outside New Zealand
🎄Holding the team Christmas party in Fiji

Examples of Entertainment that is 50% Tax Deductable is:
🎄Friday night drinks for team members or clients in the office
🎄Friday night drinks for team members or clients in the pub
🎄Hire of a launch to entertain clients
🎄Restaurants providing food and drinks to team members at a social function in their restaurant
🎄Sponsoring local sports teams and receiving tickets to their corporate box in return. 50% of the value of the tickets would be deducted from the total sponsorship
🎄Sponsoring a sports team by providing a meal for the team at their grounds after each game
🎄Staff Christmas party on or off the business premises
🎄Taking a client out to dinner while you are out of town on business in New Zealand
🎄Taking a client out to dinner
🎄A weekend away for the team at holiday accommodation in New Zealand. Includes any food and drink provided

25/11/2024

Are you about to hire your first employee? Here are 7 employer responsibilities you should know about when hiring a team and becoming a new employer.

Are you about to hire your first employee? Here are 7 employer responsibilities you should know about when hiring a team and becoming a new employer.

20/11/2024

Do you have direct debits and online payments set up to make it easy for your customers to pay you?

Talk to us today about implementing online payment systems to reduce admin time, improve the accuracy of your accounts and get paid quicker.

Do you have direct debits and online payments set up to make it easy for your customers to pay you? Talk to us today about implementing online payment systems to reduce admin time, improve the accuracy of your accounts and get paid quicker.