How Accounting Software Can Increase Profits
Most small business owners who use accounting software quickly master the basics. They automate processes like invoicing and payroll, track expenses and view real time financial reports to manage cash flow and make better business decisions. But what…
Tax Season Tips for Small Business Owners
Preparing for tax season is really a year-round endeavor. Tip number one for SMB owners is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, come tax time, everything you need is all in one place. And…
KiwiSaver for the Self-Employed
If you are self-employed, you are not required to contribute a percentage of your income.
AIM - Accounting Income Method
By now you may have heard about the new AIM system that IRD have in place for small businesses. This is the new provisional tax option to help small businesses with their cash flow where they only pay tax when the business makes a profit
If your business has specific accounting/reporting needs that is outside the usual, Xero has a number of fantastic add-ons that can integrate seamlessly with Xero.
ACC & WorkSafe Seminar
We had a fantastic response to our ACC and WorkSafe Seminar held last week. Thank you to Kate from ACC and David from WorkSafe for their informative presentations. Below are copies of their slides as well as helpful links to the WorkSafe website:
Xero Courses for Business Owners
If you want to increase your knowledge in certain aspects of Xero, Xero has a fantastic series of short videos (2-4min) on just about every subject, and best of all, it’s free! Simply click on the link below and choose the topic you are interested in.…
Provisional Tax Installment due 28th August
The first Provisional Tax installment is due on the 28th August. Provisional Tax is a way of paying your Income Tax throughout the year instead of paying one large amount at the end of the financial year so it is important to budget for it. If your…
How to Maximize your Assets before Retirement with Tactical Investing
Risk tolerance, time horizon, and asset allocation – you’ve dealt with these factors for a good part of your life, but now, in the face of retirement, they take on a more urgent and significant role. These factors – particularly tactical asset allocation…
Attention KiwiSaver Members
In order to receive the annual government contribution to KiwiSaver (member Tax Credit) you need to have contributed at least $1,042.86 to your KiwiSaver between 1 July 2015 and 30 June 2016.
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Introduction to GST
GST is on the supply of goods and services in New Zealand, though there are some exceptions. We all pay GST when we make purchases such as groceries and fuel, though if you have a taxable activity and are GST registered, you operate in a GST neutral…