Kent Parker wrote: > I wasn't aware that IRD was that amenable to such an accommodation.
Common comment from people in small business. > I've always maintained that your accountant should be able to pay for > themselves by the tax they can avoid for you. Hummm... it's not about tax evadtion or avoidance. It's simply about claiming deductions that you're entitled to. ...in fact, the whole process is actually about driving economic activity. eg. Knowing that you can claim the cost of entertainment (or part of) means that you're more likely to do some entertaining. Even if it's just shouting some customers at beer at the pub. From a tax point of view, this pays off for the IRD. They will collect some GST on your consumption (as you can't claim that bit) and you're putting money in to a different industry. However you're also likely to talk about business which may result in everyone doing more business. It really is win, win, win. If your customer buys you a beer then they can claim it as a supplier entertainment. 2 beers (so you can still drive home) and half of it is tax deductible. Cheers Don --~--~---------~--~----~------------~-------~--~----~ NZ PHP Users Group: http://groups.google.com/group/nzphpug To post, send email to [email protected] To unsubscribe, send email to [EMAIL PROTECTED] -~----------~----~----~----~------~----~------~--~---
