IR10 Items listed under boxes

– Commissions

– Contracting income

– Management fees (received)

– Salary, wage and income from schedular payments

– Sales of goods or services

– Turnover

– Finished goods

– Grain or produce

– Livestock

– Opening stock

– Produce on hand

– Raw materials

– Work in progress

– Direct costs

– Materials

– Purchases

– Closing stock

– Finished goods

– Grain or produce

– Livestock

– Produce on hand

– Raw materials

– Stock on hand

– Work in progress

– Gross margin

– Gross profit

– Gross surplus

– Finance income

– Interest portion of finance lease income

– Interest received

– Use-of-money interest (income)

– Dividends received

– Inter-group dividends

– Preference share dividends

– Fishing quota rental

– Franchise fees

– Hire income

– Lease receipts

– Licence income

– Rents received

– Royalty income

– Stud fees received

– Accounting depreciation recovered

– Bad debts recovered

– Commissions (received)

– Gain on sale of assets (unless exceptional item)

– Goods for private use

– GST (income) (GST-inclusive account only)

– Insurance receipts

– Revaluation of assets

– Salary, wage and schedular payments (where not recorded in Box 2)

– Subvention receipts

– Sundry (income)

– Wage subsidies

– Total of Boxes 6 to 10

– Bad debts written off

– Accounting amortisation of intangible assets

– Accounting depreciation

– Insurance premiums paid on business assets

– Medical, life and income protection insurance

– Finance expenses

– Interest paid

– Interest paid to owners

– Use-of-money interest (expense)

– Accounting services

– Audit fees

– Consulting fees

– Fees for feasibility studies

– Financial advisory fees

– Investment bank fees

– Management advice (excluding owners remuneration)

– Legal fees

– Professional fees

– Taxation advisory fees

– Council rates

– Regional council rates

– Water rates

– Asset hire

– Building lease/rental

– Fishing quota rent

– Franchise fees

– Ground rent

– Hire

– Lease payment

– Licence fees

– Moorings (rental)

– Rents paid

– Royalties paid

– Vehicle lease and rental

– Building maintenance

– Bridge repairs (expenses)

– Drain repairs

– Fence repairs

– Hedge trimming

– Land maintenance

– Lawn mowing and garden maintenance

– Maintenance

– Plant and machinery repairs and maintenance

– Repairs and maintenance

– Track and road maintenance

– Vehicle repairs

– Weed spraying

– Industrial research and development

– Scientific research and development

– Software development

Include the following payments made to owners of the business (including sole traders) and to associated persons being:

– Consulting and management fees

– Directors’ fees

– Lump sum remuneration

– Management fees

– Salaries and wages

– ACC levies

– Employer contributions to superannuation/KiwiSaver

– Fringe benefit tax

– Holiday pay

– Lump sum payments including bonuses

– Redundancy payments

– Remuneration

– Salary and wages

– Share-based remuneration

– Sick pay

– Agricultural contractors and sub-contractors

– Commissions paid to contractors

– Construction contractors and sub-contractors

– Contract milkers and share-milkers

– Contractors and subcontractors

– IT contractors

– Labour-only contracts

– Locum fees (doctor, dentist, pharmacist)

– Relief courier and taxi drivers

– Rental agency fees

– Schedular payments as per schedule 4 of the Income Tax Act 2007

– Shearing contractors

– Temporary contractors (“temps”)

– All other expenses not included in Boxes 4 and 12 to 23 including:

• Administration costs

• Cleaning

• Communication costs

• Consumables

• Electricity

• Entertainment costs

• General or sundry expenses

• Travel and accommodation

• Training and staff development

• Vehicle expenses

• Indirect remuneration (e.g. ACC levies and FBT) from associated persons’ remuneration

– Total of Boxes 12 to 24

– Large one-off non-operational receipts

– Major impairments or write-offs

– Major restructuring costs paid or provided for

– Results from natural disasters, that is, Acts of God

– Results from the sale or disposal of the business or a significant part of it

– Reversal of major impairments or writeoffs or restructuring provisions

– Box 11 less Box 25; add Box 26 (if positive) or deduct Box 26 (if negative)

– Capital gains and losses on sale of assets

– Difference between accounting and tax depreciation

– Fair dividend rate income

– Financial arrangement adjustments

– Impairment/write-downs

– Imputation credits attached to dividends received

– Income not included within profit and loss statement

– Non-deductible expenditure, for example, entertainment

– Provisions not incurred at balance date

– Salary, wages and schedular payments not included in the profit and loss statement

– Tax exempt intercompany dividends

– Wages not paid within 63 days of balance date

– add Box 28 (if positive) or deduct Box 28 (if negative)

– Accounts receivable

– Debtors

– Receivables

– Sundry debtors

– Trade debtors

– Bank accounts (asset)

– Building society short-term deposits

– Cash on hand

– Cheque account (asset)

– Finance company short-term deposits

– Float/petty cash

– Savings account

– Short-term deposits

– Solicitors’ trust accounts

– Stock firm accounts

– Beneficiaries’ current account

– Inland Revenue, for example, GST refund owing

– Inventory/stock

– Livestock

– Owners’ current account (asset)

– Partners’ current account

– Prepaid expenses

– Shareholders’ current account

– Work in progress

– Aircraft

– Barge

– Boats

– Caravans

– Cars

– Forklifts

– Helicopters

– Motor vehicles

– Motorcycles

– Planes

– Quad bikes

– Semi-trailers

– Tractors

– Trailers

– Trucks

– Utes

– Vehicles

– Yachts

– Loose tools

– Machinery

– Plant

– Tool box

– Chattels

– Fittings

– Furniture

– Office equipment

– Land

– Land improvements

– Barns

– Building

– Building alterations

– Car parking buildings

– Factories

– Hangars

– Office buildings

– Residential houses

– Shopping malls

– Other fixed assets not included in Boxes 33 to 37. This includes:

• Fences

• Forests

• Horticultural plants

• Orchards

• Roads and tracks

• Vineyards

– Business goodwill

– Computer software

– Customer lists

– Easements

– Franchise assets

– Intangible assets

– Intellectual property

– Patents, trade-marks and copyright

– Resource Management Act consents

– Site goodwill

– Cooperative company shares

– Entitlements to trust distributions

– Interests in a joint venture

– Interests in a limited partnership

– Interests in a partnership

– Ordinary shares

– Preference shares

– Redeemable preference shares

– Shares

– Unit trusts

– Bank term deposits

– Bonds

– Long-term deposits

– Term deposits

– Bonus bonds

– Deferred tax asset

– Loans (asset)

– Mortgage (asset)

– Other investments

– Total of Boxes 30 to 42

– Bonus pay provision

– Damages/compensation provision

– Provisions

– Redundancy provision

– Restructuring provision

– Accounts payable

– Accruals

– Creditors

– Other payables

– Sundry creditors

– Trade creditors

– Amounts owing to stock firm

– Bank overdraft

– Credit card payable

– Interest free loans

– Loans from owners

– Loans from partners

– Loans from settlor

– Loans from shareholders

– Solicitors’ trust accounts

– Beneficiaries’ current account

– Inland Revenue (liability)

– Owners’ current account

– Partners’ current account

– Shareholders’ current account

– The total of Boxes 44 to 47

– Bank loans

– Deferred tax liability

– Loans (liability)

– Mortgages (liability)

– Term liabilities

– Total of Boxes 48 and 49

– Accumulated funds

– Accumulated profits

– Accumulated losses

– Amount settled

– Capital contributed

– Capital reserves

– Owners’ equity

– Paid-up capital

– Proprietorship funds or equity

– Retained profits

– Reserves-other

– Shareholders’ funds or equity

– Undistributed profits

– Aqua-cultural improvements (schedule 20 of the Income Tax Act 2007)

– Computer software

– Depreciable fixed life intangible property (schedule 14 of the ITA 2007)

– Depreciable land improvements (schedule 13 of the ITA 2007)

– Farming improvements (schedule 20 of the ITA 2007)

– Fixed assets (vehicles, plant and machinery, furniture and fittings, buildings with an estimated useful life of less than 50 years)

– Forestry improvements (schedule 20 of the ITA 2007)

– Horticultural improvements (schedule 20 of the ITA 2007)

– Capital gains on sale of assets such as land and shares

– Capital gains on the sale of trademarks and business goodwill

– Gifts

– One-off receipt of capital nature

– Construction and installation of fixed assets

– Purchases of fixed assets

– Proceeds from scrapping fixed assets

– Sale proceeds from disposal of fixed assets

– Dividends credited to current account

– Dividends paid

– Non-cash dividends

– Resident withholding tax deducted from dividends

– Drawings

– Include private expenditure not treated as a dividend

– Include private use adjustments

– Private expenditure including,

• Domestic and overseas travel

• House maintenance and improvement costs

• Income tax payments

• Insurance

– Private use of assets

– Stock taken for private use

– Beneficiaries’ current account

– Current account

– Owners’ current account

– Partners’ current accounts

– Shareholders’ accounts

– Shareholders’ current accounts

– Loss on disposal

– Loss on scrapping