 Kia ora, With the 31 March 2026 financial year end approaching, we're beginning our annual planning to ensure your accounts and tax returns are handled smoothly, accurately, and on time. To kick off the process, here's what we need from you and key dates to remember. What we need from you Please start gathering the following information as soon as it becomes available:
Key tax considerations for 2026 A few important reminders:
How to send us your information Please ensure all relevant bank accounts and credit cards are linked to Xero, and that Core Advisory has access to your entities on Xero. Email all relevant information to your key contact (Mamta, Vijay, or Nish) and copy [email protected]. If you're unsure what applies to your business, we're here to help. Timeline and next steps To keep things moving, please send us your year-end information by 30 April 2026. Once received, we will:
Ngā mihi, Team at Core Advisory Limited _______________________________________________________________________________________________ Appendix A – Entertainment expenses As a general rule, if you provide entertainment for your team or clients, some of your business entertainment expenses are tax deductible. The basic idea is that an expense is business-related if you spend the money to help your business earn income. It becomes a little bit trickier when there’s an element of private enjoyment. If this is the case, then the expense is only 50% deductible. In general, any entertainment away from work or out of usual work hours has a private element, therefore only 50% deductible. For unusual entertainment items, contact our team for advice 50% deductible
_______________________________________________________________________________________________ Appendix B – Motor vehicle expenses If you have a vehicle (not a company vehicle), which is used for business and private purposes, there are several options for claiming the business portion of expenses. One option can be particularly useful if a private vehicle is only used occasionally for business use. There are also GST implications to be considered. These rates apply to the first 14,000 km of total travel (business + private). For most employees, all business travel falls within Tier 1.
These rates are widely accepted for employee mileage reimbursement and can be paid tax‑free provided they do not exceed the IRD rate. _______________________________________________________________________________________________ Appendix C – Home office expenses Self-employed individuals who use part of their home for business can claim a partial deduction for related expenses. You don’t need a dedicated workspace but must keep records of all claimed costs. If there’s no separate area, apportion expenses based on time spent and space used for business activities. Private or domestic expenses are not deductible. These include:
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From time to time, we like to promote clients and local businesses. Here is a message from your local money experts that may be of interest to you: MTF Finance - Botany
At MTF Finance - Botany, we’re seeing businesses finally regain confidence after several tough years, yet many are still burdened by expensive, fragmented funding that some lenders have taken advantage of. I’m increasingly meeting great, profitable businesses that have been pushed into costly personal loans, credit cards, and short‑term facilities that don’t serve them. Our approach is the opposite: we build long‑term relationships, take the time to understand your real funding needs, and provide fair, transparent solutions across all types of assets and unsecured lending. With over 20 years in asset finance, working‑capital, and cashflow lending If your business or personal finances could use a straightforward “WOF/MOT” to ensure you’re not overpaying or overexposed, come talk to the local money experts at MTF Botany (contact details below) — where the process is simple, the service is personal, and responsible lending is at the heart of what we do. Brendon Tipping 021 823 750 12F Amera Place, Huntington Park, Auckland 2013 09 272 3000 [email protected] www.mtf.co.nz/botany
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