accounting

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March 2019

New Minimum Wage Rates

March 12th, 2019|General|

Minimum Wage Set to Rise April of 2019 The Government has officially announced that from the 1st of April 2019 the minimum wage will rise to $17.70 per hour. The starting out and training wages will also increase at this time to $14.16 per hour from the same date. The Government has also announced that [...]

September 2017

Builders – take a measure

September 25th, 2017|Trades|

Know your job margin, so you know when and where to re-price. Taking a measure is key to consistently making money as a builder.

June 2017

What gets measured, gets improved

June 14th, 2017|Agri, General, Hospitality|

If you wish to improve, if you wish to do things right and do the right things, then do something new. Start by taking a measure of your business today.

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 [...]

Setting the record straight

June 9th, 2016|General|

Setting the record straight Inland Revenue have signalled they will be looking at businesses’ record keeping systems. Key targets will be that all jobs and all income are being recorded and that GST is being handled properly. Recent prosecutions indicate that PAYE records are another hot topic, along with the corresponding employment records. If sketchy [...]

Targeting the cash economy

June 8th, 2016|General|

Targeting the cash economy Inland Revenue’s crackdown on ‘cashies’ continues with their focus on undeclared cash in the construction and hospitality sectors. Last year, the Auckland region saw the most activity. Inland Revenue are now widening their reach. They’ve been trying to change attitudes among tradies and subcontracting businesses and their efforts seem to be getting results. Inland Revenue [...]

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

Five rules for managing your cashflow

October 16th, 2015|General|

Five rules for managing your cashflow Invoicing is only the start. To maintain a healthy cashflow, you need more than just strong revenue. You need to be able to collect that revenue too. Here are five rules for managing your cashflow and getting your invoices paid faster: Keep your books accurate and up to date [...]

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 [...]