As a business owner or individual, outsourcing your tax requirements can be a difficult decision to make. On one hand, outsourcing can save time and resources, while on the other hand, it can be costly and potentially risky. In this article, we'll explore the pros and cons of outsourcing your taxes in New Zealand to help you make an informed decision.
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Of all the choices you make when starting a business, one of the most important is the type of business structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, but it will also affect the amount of paperwork your business is required to do, the personal liability you face, and your ability to raise money.
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When setting up an asset sale, he buyer and the seller can choose how much of the sale amount belongs to each type of asset. This is called allocating the sale price. It affects the tax paid, and the tax benefits or profits received.
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