News
Our Christmas Drop-In Party
The festive season is in full swing, and we couldn't have asked for a better way to wrap up the year than with our Christmas Drop-In event. This year's celebration was a huge success, and it was an absolute joy to see so many familiar faces come together…
Tips to Smooth Your Payroll Over Summer
The Christmas season can bring payroll headaches, but knowing the rules will help you stay compliant. In this latest blog post we cover the topline topics to help smooth out your payroll stress over the holiday period.
Five Ways to Boost Your Income During the Post-Holiday Slowdown
While industries like tourism and hospitality flourish in the summer, many businesses face a drop in activity after Christmas and New Year’s. Does this sound like your situation? If so, don’t worry. Here are five effective strategies to maintain your cash…
Understanding Farm Accounting - Deductions and Tax Implications
Farm accounting is a specialized area of tax, and it’s crucial for farmers to understand the deductions and tax implications that can apply to their operations. From the cost of developing the farm to managing livestock and vehicle expenses, proper…
Can AI help you speed up returns and lower your tax bill?
We get it: getting your financial data organised for your accountant can be a headache. It takes time away from your business, and can delay getting your tax return sorted. At Real CA, we understand how valuable your time is, and that's why we're excited…
FREE SEMINAR: Looking Ahead to 2025 - A General Economic Update
Join us as we "Look Ahead to 2025" with an in depth presentation from Senior Research Analyst Michelle Perkins of Craigs Investment Partners. Michelle will provide a general economic update and discuss markets and why we invest.
The Importance of Supplying Your IRD Number for Interest and Dividends
It's important to keep your financial matters in order. One crucial aspect is ensuring that your IRD number is supplied to all entities from which you receive interest or dividends. This small but vital step can significantly impact the efficiency of…
Emerge Bank: A Digital Bank Built by Kiwis, for Kiwis
Last month at Xerocon, we had the chance to meet with some of the team behind Emerge Bank, an exciting new player in New Zealand’s financial landscape.
Rob Egan Receives Prestigious CAANZ Fellowship Award
We are proud to announce that our managing director, Rob Egan, has been awarded the esteemed CAANZ Fellowship Award. This prestigious honour recognizes Rob's outstanding career achievements and his significant contributions to the business community, the…
Enterprise Angels: Empowering Early Stage Companies
We recently attended an event hosted by this exciting local organisation, and agreed that more business owners in our community should hear more about what they do too.
Unclaimed Money at the IRD: Your Guide to Reclaiming Forgotten Funds
Discovering unclaimed money can be like finding a hidden treasure. In New Zealand, the Inland Revenue Department (IRD) safeguards unclaimed funds, offering a lifeline to those who may have forgotten about their assets.
FREE 2-IN-1 SEMINAR: Mastering Cash Flow & Receivables with Lyn & Xero
Join us at ‘Mastering Cash Flow & Receivables with Lyn and Xero,’ where we delve into the essentials of effective cash flow management, accounts receivable strategies, and the seamless functionality of Xero.
Tax Relief – Budget 2024
Who doesn’t love a bit more of their earnings in their pocket. The New Zealand government has recently announced tax relief measures in the 2024 budget, aimed at providing financial relief to households and individuals.
Bright-line Update
The bright-line test was introduced on 1 October 2015 and only applies to residential land and if the other land taxing provisions don’t apply. There are exclusions for farmland, business premises and the main home.
Fixed Asset Schedule Reviews
Overlooking your fixed asset schedule might seem trivial, but it's a key aspect of financial management. In this blog post, we will take a look at the crucial role this plays in your business.
GST Changes for Online Marketplaces
There has been a lot of confusion surrounding the changes to GST regarding Uber, Airbnb and other electronic marketplaces. Particularly about whether GST registration is required or not.
Keep Debtors and Creditors Up-to-date
Debtors (accounts receivable) are individuals or entities that owe money to your business for goods or services you have provided. Conversely, creditors (accounts payable) are those to whom your business owes money to.
Getting Organised for the New Financial Year
Now is a good time to think about gathering the records together that your Client Manager will require to prepare your accounts. Ensuring that your records are complete can reduce the amount of time we spend preparing your accounts. It is going to be lot…
Talk Tax with New Grad Sean
Chris Luxon taken over and he isn’t hanging around. Getting straight to the point, it's good news for residential landlords and people that are impacted by the bright line scheme.
Writing Off Bad Debts
Bad debts represent accounts receivable (invoices) that are unlikely to be collected due to various reasons. In this latest blog post we give you a quick summary as to why it is important to write off your bad debts.
CAANZ 2023 Fellowship Award Announcement
We are all so proud to see our very generous and tireless leader, Rob Egan, be recognised by CAANZ with a Fellowship Award.
Beware of Email Scams
Imagine this: You’ve received an email that it appears to be from the IRD, complete with official banners and the correct font, stating that you have tax due. Without a second thought, you click the link, transfer the money, and move on...
Your Small Business Christmas Checklist
Christmas lists aren’t just for kids and Santa Claus. Before summer arrives, tick off our small business Christmas checklist to ensure you’re in the best possible shape for the year ahead.
Marketing on a Budget
To help our clients with promoting and growing their business, we invited Chantelle Laurent from Lit Marketing to share some of her top tips for "Marketing on a Budget". Following is a take-away sheet for you to reference and use in your business…
What's Your Money Mindset?
Money Mindset refers to an individual's beliefs, attitudes, and emotions concerning money, wealth, and financial decisions. It significantly influences how people manage and interact with their finances.
FREE SEMINAR: Current Market View & Economic Outlook
Join us for a current market view and a general economic outlook from Craigs Investment Partners’ Senior Research Analyst, Michelle Perkins.
Improving Profitability
As the economic slowdown hits more businesses, we are encouraging all our clients to keep a close eye on profitability and strategies to improve this.
Xero Fact Sheets
Xero has created these handy, one-page summaries to help you get a quick understanding of these Xero online tools for managing your business. From invoicing to receipts management and analytics, there’s a Xero tool to help your business run more smoothly.
Online Advertising
In the realm of online earning opportunities, it's becoming increasingly common for individuals to receive products or services instead of monetary compensation when engaging in advertising or promotional activities.
Side Hustles: Hobby or Business?
In today's digital landscape, many individuals are exploring side hustles to supplement their income and achieve financial goals. One such option gaining popularity is participating in online surveys. Engaging in online surveys can be a convenient and…
Trustee Tax Rate Increase April 2024
You are now likely aware that the Trust tax rate is increasing from 33% to 39% from April 2024. Over the coming months, we will be reaching out to all our clients that will be impacted by this shift to discuss the effect on you and what your options are.
Earning Online Income
As the digital world continues to grow, so do the opportunities for earning income online. One such opportunity is affiliate marketing, where individuals can earn commission by promoting products or services on their social media platforms.
What's New with Brightline
Bright-line rules have been in place for eight years now. The IRD brought in these rules as the “purpose or intention” test was difficult to apply. The rules now set clear limits based on the number of years a property is owned.
Tips for Getting Paid
Get some help with managing your cashflow with this latest blog post showing ways you can get paid promptly for your products and services. Contact your REAL Client Manager for more help with cashflow management and forecasting.
Making Cash Flow Your Priority
Good cash flow management is important – particularly for new and growing businesses. Having a plan in place is pivotal to your success. Hoping for the best is not a strategy.
Introducing eSigning
We're excited to introduce SuiteFiles, a cloud-based document management solution that we'll be using to improve our efficiency and better serve our clients.
Getting Organised for the New Financial Year
Happy Financial New Year! Another financial year is almost over! Now is a good time to think about gathering the records together that your account manager will require to prepare your accounts.
Changes to GST Tax Invoice Rules
New laws introduced by the Government, which took effect on 30 March 2022, have modernised the GST rules for invoicing and record keeping. These laws will be taking effect from 1st April 2023. Here's what you need to know...
Family Succession Planning
Putting some thought to your succession plan is task best done sooner rather than later. Your succession plan can change over time but having some direction in mind is useful.
Lifestyle Block – Business or Hobby?
Before purchasing a lifestyle block, particularly one being sold as +GST (if any), it is important to consider what you intend to do with the property.
Christmas Expense Management Without the Tax Headache
As we move into your budget/spending for the silly season, here's a timely reminder of the rules around entertainment expenses so you know what’s deductible and non-deductible before you fork out for your staff and customers.
Operating a Business in Gloomy Economic Times
As a business owner, there are steps you can take to navigate through this period successfully. Firstly, you must have a firm grip on your finances. If you don’t understand your numbers, reach out to your REAL Client Manager as they can help.
Beneficiary Current Account Balances
Recent Trust law changes mean we are required to take a closer look at beneficiary account balances.
Welcoming Some New Faces to Our Team
Like most other businesses out there, we’ve had a few changes to our team this year with people retiring, moving on or changing their roles. This allowed us to also look at the way we were delivering our services to ensure we are remaining as efficient as…
Bright-line Rules Update
Bright-line rules came into effect on the 1st of October 2015. These rules apply to residential land only and were introduced to take away any debate about a person’s intention if residential land was sold within the Brightline period.
Celebrating Our 20yrs in Business
Monday, 13th May, 2002 was the date Cronin Cullen & Egan Ltd officially amalgamated, making this year the anniversary of our 20yrs in business here in Tauranga.
Forecasting - Why it's important
A new financial year is almost upon us and now is the perfect time to put plans in place for the next financial year.
Omicron Business Support Scheme
A new COVID-19 Support Payment of a maximum of $24,000 will be made available for businesses struggling with a business downturn during the Omicron outbreak.
Tax Obligations When Renting Your Family Home
Are you thinking of renting out your family home during the holidays or did you rent out your family home during the holidays? If so, then ensure you’re aware of your tax obligations, deductible expenses, rental agreements and more key points.
Third Resurgence Support Payment + Fourth Wage Subsidy Round
An important update from the government reminding eligible businesses that applications are now open for the third round of the Resurgence Support Payment (RSP) and the fourth round of the Wage Subsidy Scheme.
Wanting to Apply for the Wages Subsidy?
Don’t forget that applications for the initial two-week Wage Subsidy August 2021 close at 11.59pm today! = 2 September 2021. There will be a second round offered for the Wages Subsidy, called ‘Wage Subsidy August 2021 #2’ which will open at 9.00am on…
Golden Rules for Business at Alert Level 3
Our office will remain closed in Alert Level 3 as our team is well set up to work from home and all our phones and emails are working as normal. Please take a look here at the Golden Rules for doing business at Alert Level 3...
Wage Subsidy and Resurgence Support
The Covid-19 Wage Subsidy Scheme will be available for businesses nationally when we are at alert level 3 or 4 for a period of 7 days or more. Check this latest blog post or contact us for further details.
Consent Phishing: The Emerging Phishing Technique That Can Bypass 2FA
Consent phishing is an emerging technique attackers are using to compromise user accounts, even if they have Multi-factor Authentication (MFA or 2FA) enabled. Consent phishing is particularly effective because it doesn’t exhibit many of the indicators…
Cryptocurrency
Cryptocurrency is a digital medium of exchange – a type of crypto asset. It uses cryptography and blockchain technology to regulate and verify transactions. Transactions are decentralised/peer to peer so occur without any intermediary. There are over…
How Job Management Software Can Help You Grow Your Business
For businesses in the field service industry, an efficient job management process is the foundation that leads to ongoing success and growth potential. At its core, good job management is about the efficiency of processes and workflows that your business…
Selling Business Assets
The main advice we give to all our clients is that you talk to us before making any property transactions. Changes to the NZ Property Tax rules are yet to be finalised by law, possibly sometime in September this year. In the meantime, you are best to err…
Important Update on Bright-line Test
This is an important update for anyone who owns a property and is possibly looking to sell a property. Please contact us if you are thinking of selling and BEFORE you sell as your income tax may be affected depending on when the property was purchased or…
Xero Reminder of Financial Wellbeing & Support
As we find ourselves in Alert Level 2 and 3 depending on where you're based, Xero wanted to get in touch and highlight the financial support you can access for your business and your clients if needed.
Residential Land Sales - Getting you up-to-speed on the Bright-line Rules
REAL Chartered Accountants and Business Advisors are updating clients on changes to the bright-line rules which came into effect on the 1st of October 2015. Inland Revenue has advised that residential land sales will be a compliance focus in 2021.
Waihi Beach Gets REAL
We are pleased to announce our chartered accounting services will now be available to the Waihi community and businesses via our Waihi Beach office.
Advice for Liquidating a Company
The time may have come to close your business due to an asset sale, a business sale, a business failure, or possible liabilities in the future. It’s important to remember that a company continues in existence until it is removed from the company register.
Budgeting and Financial Literacy
Having a budget in place gives you the knowledge and insight to eradicate wasteful spending and increase your profit. A budget will show what your sales need to be to cover your expenses, help you plan for investments which is where your personal…
Top Tax Rate Increase
As you are probably aware, as part of Labour’s the election campaign, they promised the top tax rate for individuals earning more than $180,000 would increase to 39%. While the details have not been announced we expect the new tax rate to be effective…
REAL UPDATE: Trust Act Changes
It is estimated that there are between 300,000-500,000 Trusts in New Zealand. Recently, there have been alarming headlines regarding changes to the new Trust Act and you may be asking yourself, should I be worried? The short answer is no. But now is the…
Small Business Cashflow (Loan) Scheme Update
The Government announced the following changes will be made to the Small Business Cashflow (Loan) Scheme: • Currently no interest is charged if the loan is repaid within one year. This will be increased to two years. • Currently the loan can only be…
What Makes Us Your Business Growth Partner
Our REAL Chartered Accountants team are so much more than an accounting and tax management service for our clients. Many already take full advantage of our in-house skills and experience in helping to grow their businesses sustainably and profitably.
Business Finance Guarantee Scheme - Loans for SMEs
Business Finance Guarantee loans available through participating banks can help small and medium businesses access credit for cashflow, capital assets and projects related to, responding to, or recovering from the impacts of COVID-19.
ACC Announces Updates to Help NZ Businesses
ACC has recently announced some changes to specifically support New Zealand businesses through these challenging times. From a dedicated support page to delayed invoicing and other online help. We cover it here...
Cashflow Forecasting & Budgeting
Did you know that we offer Cashflow Forecasting and Budgeting? Having a Cashflow Forecast is important for business planning. It can help you set financial targets, know where you are heading and help determine those periods where cash may be lean.
Protect Your Business with Audit Shield
We can now offer Audit Shield to anyone wanting peace of mind and protection if required to participate in an IRD or other government agency audit.
Xero Launches Xero on Air
Xero is launching Xero on Air - a brand new way to share information and connect with our accounting and bookkeeping partners, as well as small businesses around the world.
Low-value asset threshold for depreciation
The Government has recently passed legislation that temporarily increases the low-value asset threshold for depreciation from $500 to $5,000. This will allow you to deduct the full cost of your business assets with a value of less than $5,000 in the year…
Fully Funded Business Support Services Announced
We are proud to announce that as an approved service provider of the Regional Business Partner Network (an NZTE initiative), we are now able to offer two fully funded chartered accounting and business advisory services to help your business through this…
Our REAL Team on Working Remotely
We put the call out to the REAL Chartered Accountants team to share their thoughts with us on their experiences of working from home. The result was some interesting insights and a few great photos too which we share with you in our latest blog post here…
Maintaining Staff Engagement During Covid-19
One of the top engagement drivers for employees is seeing their work contribute to company goals. Businesses need to focus on employees’ emotions related to the coronavirus pandemic to restore productivity and belief in the business being able to achieve…
Hubdoc Added to Xero Plans
From 18th March, Hubdoc will be included in all Xero Starter, Standard and Premium Plans. A Hubdoc link will be available in your Xero dropdown menu where you can sign in with your normal Xero login details and follow the steps to get started.
Renting to Tenants - What you need to know
Income earned from rent is taxable and you can claim deductions for costs related to earning that income. Different tax rules apply depending on the circumstances. For tax purposes, renting to tenants is different from short-stay accommodation or that…
2019 Trust Act - What you need to know and do!
If you’re protecting your family property in a trust, there may be changes you need to make before the new Trusts Act comes into force in January 2021.
Holiday Pay & Public Holidays
Employment New Zealand published this excellent article on holiday pay for your staff and their minimum rights for public and annual holidays. Employees get a paid day off on public holidays if it’s an otherwise working day for them. If they work on a…
XAP - Xero Assistance Programme Pilot Extended
There’s a growing need for mental health support for small businesses in New Zealand as shown from the results of the Xerio 2019 Small Business Wellbeing Report. As a result, Xerio has recently announced it will be extending the Xero Assistance Programme…
Rental Property Losses - The New Ring-Fencing Law
Inland Revenue issued an official paper entitled “Ring-fencing rental losses” in March 2018 outlining the proposal to ring-fence tax deductions on residential rental properties so that they could not be used to reduce tax on other income. The new…
IRD Tax Code Changes for Secondary Income
Those people who have used a Secondary Tax Rate (ST code) to help offset tax bills based on other income they receive, will no longer be allowed to do so under the new tax legislation, the Tax Administration Act 1994. Further information about this…
NZ Trusts Q&A
Last month we had Mike Dorset from JR Legal give us an overview of trusts in our 2019 Trust Seminar. Here is a short check list of the top points you need to know...
A lot learned from REAL Chartered Accountants Trusts Seminar
Mike Dorset from JR Legal joined the REAL Chartered Accountants team to share his knowledge and advice on Trusts as well as updating us on the new Trust Act 2019. We've outlined a quick summary of the key out-takes from his seminar here...
Trust Act 2019 – What it means for you?
The long-standing Trust bill has now become the Trust Act 2019 which comes into effect 30 January 2021. In the new act there is an important change to be aware of, as we outline in our blog here…
Google My Business - JUST DO IT!
In case you missed it, the online business world is now all about Google My Business (GMB). If you haven’t got your business profile page sorted by now then you could be missing out on business so just do it!VGMB is a free social media platform which…
Free Workshop - Xero for Intermediate Users
A special thanks to Johann Ryu and Ankur Baggan who came down from Xero Head Office in Auckland to host our August workshop, "Xero for Intermediate Users". We really appreciated them taking the time to share their knowledge & advice with us, and we had a…
Changes to IRD Use of Money Interest
Important note – due to new Inland Revenue rules, if you make a late Provisional Tax payment then you may be charged Use of Money Interest (UOMI) and will also be charged interest on Terminal Tax amounts not due until 7th of April - read more below to…
Bed tax would put Kiwis out of pocket, says tourism body
The prospect of a bed tax is polarising the tourism industry, despite both sides acknowledging local authorities need more support. The Productivity Commission's draft report found councils under pressure from tourism should be able to charge visitors…
Marketing Workshop All About Results
Both our clients & chartered accountant team were impressed with the Marketing Workshop facilitated by Chantelle Laurent from Formula One Results Ltd. A number of attendees commented that they now had a list of activities they wanted to do for improving…
Farewell to Graeme Cullen
It is with great sadness that I let you know Graeme Cullen passed away on the 2nd of May. It was a great privilege to know Graeme and experience his great “turbo-charged” enthusiasm for life and the people around him. Our deepest sympathies go out to…
Accountant warns accidental tax refund will likely have to be paid back
[As published by NZ Herald, 29-April] An accountant is warning people to be wary if they received an "accidental tax refund" over the Easter/ Anzac holiday period and says it is likely the money will have to be paid back to the tax department. Jason…
New Tax Rules for Landlords Workshop
Presented by Graeme Carruthers, tax advisor & director of NSA Tax, our "New Tax Rules for Landlords" workshop was well-worthwhile according to the 40+ people attending this event.
WORKSHOP ANNOUNCEMENT: New Tax Rules for Landlords
We are pleased to announce leading tax advisor, Graeme Curruthers of NSA Tax, will be our guest speaker and presenter for our upcoming workshop on the new tax rules for landlords. If you own a rental property or rent out your holiday home then this…
Tax Working Group - Final Recommendations
The Tax Working Group’s report was released on 21st Feb, making key recommendations with regards to the New Zealand tax system on Capital Gains tax, Environment taxes, Company tax, Personal Income tax, Retirement Savings and Digital Services tax. We…
Payday Filing
From 1 April 2019 employers must be set up to begin payday filing. This means that, for every payday after 1 April 2019, you will:  File employment information every payday instead of filing an employer monthly schedule (“EMS” or IR348) on the 20th of…
REMINDER: 2019 Annual Work
If you have your records together then feel free to bring them in early even if you have been scheduled for later in the year. We will send out your annual checklist/authority form soon. It is a legal requirement to have them signed prior to starting your…
Is a Family Trust Right for Me?
Family trusts are a popular way to protect and manage your assets, such as the family home, for you and your family, now and in the future. They can have a valuable role to play, but they’re not suitable for everyone. Here are the pros and cons of family…
Welcome to Rose - Our Customer Services Assistant
Many of you will have already met Rose or spoken with her on the phone. Having joined our team in May as our Client Services Assistant, Rose works at our front desk supporting both our clients and accounting team with a wide range of administrative tasks.…
Congratulations to Our Award Winning Business Owners!
We are very fortunate to work with many highly motivated, passionate business owners some of whom were recognised for their talent and successes at regional business awards events this year. A special congratulations to the team at Little Big Events and V…
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…
Tax Update for Residential Property Investors
To cool surging house prices and level the playing field, rental property owners are about to face a number of issues through the combination of new IRD policies and law.
Xero Workshop for Intermediate Users
This workshop will help build on your current knowledge and enable you to make greater use of Xero's capabilities
Employers' Workshop Event - 14th June 2018
On the 14th June we had an Employers’ Seminar. The CEO of SmartPayroll Chris Partridge kindly flew up from Wellington to present some upcoming legislation changes, employers’ obligations and gave us a demo on how to use SmartPayroll.
Bright-Line Test - Residential Sales & Purchases
On the 1st of October 2015 the IRD introduced a ‘Bright-Line test’ for the sale of residential property.
Employers' Workshop
This is a fantastic opportunity to hear more about recent legislation changes, IRD payroll requirements and an overview of SmartPayroll.
GST & Houses
Houses and GST can be a complicated and misunderstood area. It is important to understand when a house comes into and exits the GST net and what and when GST adjustments need to be made.
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
Payday Reporting
IRD have introduced Payday filing. This is currently voluntary, however from 1 April 2019 it will be compulsory.
Happy New Financial Year
Happy Financial New Year! Another financial year is almost over! Now is a good time to think about gathering the records together that your account manager will require to prepare your accounts.
International Tax Obligations
Have you recently moved to NZ from overseas? Are you aware of the current NZ tax laws regarding internationally-sourced income?
Holiday Opening Hours
Our offices will be closing on Friday the 22nd of December at 12pm and will reopen on Monday the 15th of January 2018. The staff here at REAL Chartered Accountants wish you all a happy and safe Christmas and a fantastic New Year and we look forward to…
SmartPayroll Software Offer - Free for 6 months!
Are you an ANZ business customer? If so, why not take advantage of 6 months free SmartPayroll to help administer your employee's wages. SmartPayroll's online system helps make processing your payroll faster, easier and with less paperwork. They will…
GST basis - Payments basis or Invoice basis?
Are you new to GST? Do you need help to decide which GST calculation basis to use?
Claiming Expenses When Travelling for Work
You can claim for a lot of expenses when you’re travelling for work. If you take a holiday as part of the same trip, you can only claim for the portion of the trip that was work related.
Subdivisions and Developments
If you are planning on undertaking a subdivision or development, or are in the process of completing one, its pays to get some advice on your tax obligations. Unless your subdivision is on a very small scale (minor subdivision), it is likely to be…
New ASB App
Bank with ASB? Running a business? Using Xero, Vend or Shopify? Great news! ASB have launched a new App called ASB Plus. It brings all these business tools together into one easy-to-access place. Read more here:…
Company Liquidations
Due to an asset sale, a business sale, a business failure or possible liabilities in the future, it may be time to liquidate a company.
Winding up a Trust
When a trust is at the end of its life, no longer fulfilling the purpose intended or hopelessly insolvent it may be time to wind the trust up.
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.
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…
Thank you for attending our Xero Seminars!
Thank you to all those that attended our two Xero seminars! We have received some wonderful feedback and it was great to see so many people enthused about accounting software!
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.…
Xero Add-Ons
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.
KiwiSaver for the Self-Employed
If you are self-employed, you are not required to contribute a percentage of your income.
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…
IRD GST is changing on 7 February
The IRD are in the process of improving how customers manage their GST through myIR Secure Online Services. All of IRD services will be unavailable from 3pm Thursday the 2nd of Feb until 8am Tuesday 7th of Feb (Waitangi Weekend) while they make their…
ACC Cover Plus Extra
ACC CoverPlus Extra CoverPlus Extra is an optional product that lets self-employed people negotiate a pre-agreed level of cover. This way you will know exactly how much money you will receive if you have an accident. The differences between ACC…
Public Holidays
The Holidays Act was amended in January 2014 to enable Waitangi and ANZAC public holidays to be Mondayised if they fall on a weekend day that an employee would not otherwise have worked. For employees who would not otherwise work on that Saturday or…
2017 End of Financial Year Information
It’s that time of the year again when you need to start getting your records ready for us to prepare the annual financial statements and tax returns. Ensuring that your records are complete can reduce the amount of time we spend preparing your accounts.
Proposed Changes to Schedular Payments
There may be changes coming in relation to schedular payments. The Taxation Bill is expected to be passed in March 2017 and if enacted, this will change obligations for contractors from 1st April 2017 onwards. Instead of the existing tax code…
Changes to IRD penalties and interest
Great news! The IRD has changed the safe harbour threshold before UOMI (Use-Of-Money Interest) applies to be increased from $50k to $60k for individuals and non-individuals alike.
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.…
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:
Childcare in NZ more costly than most of the world
Childcare in New Zealand is more expensive than almost every other country in the western world. The OECD says Kiwi families are spending almost a third of their household income on childcare. The only county ahead of us on the list is the UK, where…
