Lyall Bay Beach Clean-up As 5th Consulting is based in Seatoun, so close to the coast, we want to make sure Wellington’s coastal and marine environments are looked after. In addition to providing quality accounting and business advisory services, we have also organised several beach clean-ups. Our first tackled the coast [Read more..]
Provisional tax can be difficult for businesses to manage. Traditionally, most businesses have calculated their provisional tax on a 5% uplift of the prior year’s income tax liability. But due to COVID-19, the FY2022 net income for some businesses will be lower than expected and upcoming instalments may need to be reviewed. Furthermore, the [Read more..]
In response to criticism from industry groups that the R&D tax credit scheme was too narrow, updated guidance was published by Inland Revenue in March 2021.This new guidance has an expanded eligibility summary and as a result more companies will be able to benefit from the tax credit. The key criteria changes have been [Read more..]
