accounting software

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June 2016

Changes to land sales could affect you

June 13th, 2016|General|

Changes to land sales could affect you Are you selling residential land? From 1 July 2016, a new withholding tax – residential  land withholding tax (RLWT) –may need to be deducted from a property sale/disposal where the property being sold/disposed of is in New Zealand and meets definition of 'residential', and the vendor: acquired the property on or after 1 October 2015, and has owned it for less than two years before selling or disposing of the property, and is an offshore RLWT person Obviously, this affects non-residents. Less obviously, an 'offshore RLWT person' includes New Zealand resident companies who have shareholdings of 25% or greater held by foreign [...]

New GST online filing 

June 10th, 2016|General|

New GST online filing The first steps towards tax simplification lie in the new option for taxpayers for online filing of GST returns. Inland Revenue has been working with two software providers to pilot a service so taxpayers can file their GST returns directly from their business software. At present this can be used for GST only returns or for combined GST and provisional tax returns, although this option is [...]

Underpaid income tax? 

June 4th, 2016|General|

Underpaid income tax? Underpaid provisional tax can cause a few headaches. Maybe you did not keep up with your provisional tax payments throughout the year? (oops) Perhaps you did not end up paying enough because you had a better-than-exepected financial year (yay! but damn, an increased tax liability). It could be that seasonality or volatility make it difficult to forecast your provisional [...]

October 2015

5 Benefits of Doing Business in the Cloud

October 15th, 2015|General|

5 Benefits of Doing Business in the Cloud There is no doubt that there are exceptional benefits to be accessed by adopting cloud software in business. For many though, the ‘cloud’ is unknown and scary, and this can be a major hurdle to considering changes. With a bit of education and communication of key benefits, [...]

How to add a condition to an existing bank rule

October 14th, 2015|General|

How to add a condition to an existing bank rule Once the Bank Rule is set up, you still need to add new places you visit as a ‘condition’ to the existing bank rule you have already set up. Go to Manage Account on your dashboard and click Bank Rules Go into existing bank rule [...]

How to add a Bank Rule in Xero

October 13th, 2015|General|

How to add a Bank Rule in Xero If you deal with cash transactions or don’t enter all transactions in Xero before you import bank statements, set up bank rules: a quicker and easier way to reconcile imported bank statements. With bank rules you define the conditions for each rule to match with your imported [...]

Xero Business Connect: accounting’s next revolution

October 9th, 2015|General|

Xero Business Connect: accounting's next revolution Importing and exporting data and invoices into accounting software is not the most exciting task. Let's be honest. So Xero are working hard to help its users speed up their data entry process with Xero Business Connect. The Business Connect ecosystem is still in its infancy stage with just [...]

Using Xero and have an smartphone or tablet?

October 8th, 2015|General|

Using Xero and have an smartphone or tablet? Use Xero’s mobile apps to manage your business while you’re on the move. Reconcile, send invoices, add receipts and create expense claims – anywhere, anytime – on your iPhone, iPad or Android smartphone. Make bank rec your morning ritual Get a clear picture of your business and [...]