Conducting experiments in a laboratory or a task carried out to do.

Fringe benefit tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer. Parliament has passed the Taxation (Depreciation, Payment Dates Alignment, FBT and Miscellaneous Provisions) Bill.

1. An individual's total personal income before taking taxes or deductions into account.

2. A company's revenue minus cost of goods sold. Also called "gross margin" and "gross profit."

A value-added tax levied on most goods and services sold for domestic consumption. The tax is levied in order to provide revenue for the government. The Goods and Services Tax is paid by consumers, but it is levied and remitted to the government by businesses.

Credits that represent tax paid by the Trust. By attaching imputation credits to distributions, the tax paid by the Trust effectively flows through to Unit Holders to offset any New Zealand tax liability.

Income (revenue and other income)is defined as increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants. Revenue arises in the course of the ordinary activities of an entity eg. Sales (cash or credit – credit sale are recorded as accounts receivable), fees (cash or accounts receivable arising from the sale of services), interest, dividends, royalties and rent. Note, other income is income that is not from activities from the normal course of business. It is represented by items that provide increases in economic benefit other than from sales. Examples are gains from the sale of property, plant & equipment or interest and dividends from investments

Generally, any income that you receive from renting out property will be liable for income tax, so you must include it in your tax return. This income could be from renting out land or buildings, or it could be income you earn by having private boarders or flat mates living with you.

Any reimbursements of expenses are treated as Income.  For example, reimbursement of water rates by a tenant.

All income from Residential Rental Properties is exempt from GST and as such you cannot claim GST on any expenses incurred.

These assets have no physical form or existence, but they are of value to the entity as they will provide future economic benefit.

Examples are goodwill, patents, franchises, brands.

Inventory also know as stock refers to the goods and materials that a business holds for the purpose of sale or resale.

These are assets that are more easily converted into cash than Property, Plant and Equipment. Investment Assets earn revenue for the business, but are not the main revenue-producing assets.

Examples are funds on term deposit, and shares in other companies.