Tax is often a headache for business owners. As much as they want to avoid it, they can't because tax is part of their financial responsibilities. Many people find it daunting but once you understand some of the basic tax facts, you will be more prepared to deal with it. As a dedicated tax accountant in Auckland, we are sharing this tax overview so you can better understand your tax obligations - which will also help you more effectively manage your business finances. Income Tax Income tax is payable on the net taxable income of the business. Broadly speaking it is computed based on the difference between your business income and your business expenses. However, there are some expenses that you need to adjust when calculating your taxable income - like... Read the rest of the article here http://bit.ly/2jHBCo0