{"id":11482,"date":"2022-01-25T13:21:19","date_gmt":"2022-01-25T00:21:19","guid":{"rendered":"http:\/\/williambuck1.wpenginepowered.com\/nz\/?post_type=service&#038;p=11482"},"modified":"2024-11-12T20:19:59","modified_gmt":"2024-11-12T07:19:59","slug":"tax-issues-for-private-businesses-and-individuals","status":"publish","type":"service","link":"https:\/\/williambuck.com\/nz\/services\/tax-services\/tax-issues-for-private-businesses-and-individuals\/","title":{"rendered":"Tax issues for private businesses and individuals"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row gap=&#8221;30&#8243;][vc_column width=&#8221;1\/3&#8243;]<div class='side-subnavigation'><span class='h2'>Services<\/span><ul><li class=\"parent-page\"><a href=\"https:\/\/williambuck.com\/nz\/services\/asia-pacific-client-services\/\">Asia Pacific Client Services<\/a><li><li class=\"parent-page\"><a href=\"https:\/\/williambuck.com\/nz\/services\/audit-and-assurance\/\">Audit and Assurance<\/a><li><li class=\"parent-page\"><a href=\"https:\/\/williambuck.com\/nz\/services\/business-advisory\/\">Business Advisory<\/a><li><li class=\"parent-page current-item\"><a href=\"https:\/\/williambuck.com\/nz\/services\/tax-services\/\">Tax Services<\/a><li><ul class='child-menu'><li class=\"child-page\"><a href=\"https:\/\/williambuck.com\/nz\/services\/tax-services\/international-tax\/\">International Tax<\/a><\/li><li class=\"child-page\"><a href=\"https:\/\/williambuck.com\/nz\/services\/tax-services\/specialists-tax-advice\/\">Specialist Tax Advice<\/a><\/li><li class=\"child-page current-child-item\">Tax issues for private businesses and individuals<\/li><\/ul><\/ul><\/div>[\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_column_text el_class=&#8221;readmore&#8221;]The New Zealand tax rules can be complex, and the obligation is on taxpayers to file a correct tax return. Substantial penalties can apply where incorrect or no returns are lodged.<\/p>\n<p>For New Zealand businesses and the self-employed, it\u2019s a requirement that an income tax return is lodged annually. For businesses, GST and FBT returns may also need to be filed.<\/p>\n<p>Our experienced tax advisors can assist you in preparing and filing your tax return on your behalf, and with the day-to-day challenges associated with efficiently and effectively managing your taxation obligations. This allows you to focus on growing your business and achieving your goals.<\/p>\n<p>For executives and high net worth individuals, taxation is a priority. Due to the high levels of income earned, many tax breaks offered are not available. Effective tax planning can, however, minimise your tax liability. We make it a priority to get to know our clients and their financial affairs to identify the best tax strategies for each individual.<\/p>\n<p><strong>How we can help<\/strong><\/p>\n<ul>\n<li>Income tax and provisional tax returns<\/li>\n<li>Statutory\u00a0&amp; taxation compliance matters<\/li>\n<li>Salary packaging and after-tax cash flows<\/li>\n<li>The tax implications of share\u00a0&amp; options granted through employee share schemes.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"featured_media":11909,"parent":11673,"menu_order":0,"template":"","business_category":[],"wealth_categories":[],"class_list":["post-11482","service","type-service","status-publish","has-post-thumbnail","hentry","services-tax-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax issues for private businesses and individuals - William Buck New Zealand<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/williambuck.com\/nz\/services\/tax-services\/tax-issues-for-private-businesses-and-individuals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax issues for private businesses and individuals - William Buck New Zealand\" \/>\n<meta property=\"og:description\" content=\"[vc_row gap=&#8221;30&#8243;][vc_column width=&#8221;1\/3&#8243;][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_column_text el_class=&#8221;readmore&#8221;]The New Zealand tax rules can be complex, and the obligation is on taxpayers to file a correct tax return. 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William Buck New Zealand","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/williambuck.com\/nz\/services\/tax-services\/tax-issues-for-private-businesses-and-individuals\/","og_locale":"en_US","og_type":"article","og_title":"Tax issues for private businesses and individuals - William Buck New Zealand","og_description":"[vc_row gap=&#8221;30&#8243;][vc_column width=&#8221;1\/3&#8243;][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_column_text el_class=&#8221;readmore&#8221;]The New Zealand tax rules can be complex, and the obligation is on taxpayers to file a correct tax return. 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