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If you are new to business or self-employment, tax can be a killer. IRD will demand up to 33% of your profit in income tax. If you do not understand how your tax works, and you have no plan for mastering it, you could end up paying far too much. If you get it wrong, tax penalties and interest could spell the end of your business dreams.
This guide explains:
- How income tax works
- What you can claim
- How to plan for and manage your tax payments
- When penalties and interest are charged and how to avoid them
- How to minimise and master your tax