Accounting
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New NZ Tax Thresholds
The Government is making changes to personal income tax thresholds from 31 July, 2024. These changes may affect your business if you employ people. If you use payroll software If …
Review your expenses – and save yourself money
Running a business will always mean incurring certain expenses, or ‘spend’. Whether you’re a large family business or a small fledgling startup, there will be costs, overheads and supplier bills …
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3 cloud accounting tips to save your business time and money
Keeping on top of your accounts is a big part of running a successful and profitable business. But you don’t want to spend ALL your time dealing with accounting tasks, …
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New rules on GST Invoicing
New rules modernising GST invoicing and record-keeping requirements apply from 1 April 2023. The key change removes the requirement to issue and hold a “tax invoice” document (which meets certain …
Minimum wage to rise in line with inflation from April 1
The Government has announced that the minimum wage will go up from April 1 2023, to $22.70 – a 7% increase from $21.20. The Starting-Out and Training minimum wage rates …
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Which is more important? Cashflow or profit?
Cashflow and profit are two of the most important financial metrics for any business. But while they’re both related to the financial performance of a company, they measure different things. …
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Your car as a business expense: what can you claim?
Can you get a tax deduction when you use your personal car for business purposes? Is it worth keeping a logbook? A simple explainer on tax deductions for vehicles. Being …
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