Accountant / Bookkeeper

Tax guide for New Zealand self-employed accountants and bookkeepers

Allowable Expenses

• Accounting software — Xero, MYOB, QuickBooks, Reckon subscriptions
• Professional memberships — CAANZ, CPA Australia (if relevant), NZICA
• Professional indemnity insurance — Essential for all accounting professionals
• Continuing education — CPD courses, tax updates, professional development
• Home office / practice — Office costs at business proportion

Tax Tips

• CAANZ membership and CPD requirements are fully deductible
• Professional indemnity insurance premiums are a critical deductible expense
• Accounting software for client work is 100% deductible

Frequently Asked Questions

Can NZ accountants claim their own accounting fees?

Accountants generally handle their own returns. You can claim tax agent fees if you use another professional. Your own time preparing your return is not deductible, but all costs of running your practice are.