Provisional tax – for business owners

Provisional tax – for business owners

As a new business owner, it’s important you understand the provisional tax system as it affects your business. In your first year of business, you can receive a significant tax deferral. Your first year’s tax bill is, in some cases, not payable until 7...
Pricing and Profit

Pricing and Profit

Price setting is complex, just as important as market awareness, product development and advertising. You could do all these things excellently and then undo it all on the price. Pricing is one of four specific factors which determine your profit and it’s one that you...
Provisional tax: What you need to know

Provisional tax: What you need to know

If you are an employee, your employer sorts out PAYE on your behalf. But when you’re self-employed, you need to pay your own income tax. For example, if you earned $100,000 from your business, the income tax on that income would be just under $24,000. This can be a...