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 [...]
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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 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 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 [...]
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 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, [...]