Maybe I misunderstood you but it is my understanding that ACC levies are based on the business classification that you operate rather than from where it is operated from.
How much of the ACC levy can a home business claim? I can't find the info on the ird site and being a holiday they aren't at work. :)
I'm doing a rough estimate of my taxes today.
Thanks!
The ACC levy excluding any earner levy component is 100% tax deductible as a business expense and you should be claiming the GST on the deductible in the period incurred too.
How much of the ACC levy can a home business claim? I can't find the info on the ird site and being a holiday they aren't at work. :)
I'm doing a rough estimate of my taxes today.
Thanks!
The ACC levy excluding any earner levy component is 100% tax deductible as a business expense and you should be claiming the GST on the deductible in the period incurred too.
Thanks. :) I'll have to dig around and find the paper bill for it to see the breakdown.
Maybe I misunderstood you but it is my understanding that ACC levies are based on the business classification that you operate rather than from where it is operated from.
I just thought it might make a difference if you were a sole trader paying your own vs a business paying for an employee's levy. :)
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