Is your business ready for financial year end?
February 29, 2024
Financial year end is fast approaching. Here are 10 quick tips to help you get ready for financial year end:1) Bank Statements - Start collecting key account statements for the period 1 April 2023 to 31 March 2024. For example, bank statements, loan statements, hire purchase...
Entertainment.... can I claim that?
November 23, 2023
With the silly season upon us, it's a good time to refresh on what entertainment costs are deductible for your business. If an entertainment cost is completely related to your business it can be 100% deductible. However, being "completely related" is not always e...
Jess's Top 5 Software Systems to Help Run Your Small Business
October 24, 2023
With so many software systems available to help run your small business it can be challenging choosing the right ones for you. Here are my top 5!1) Xero - it's no surprise that I LOVE Xero! The online accounting software system makes invoicing, bank reconciliatio...
Keep on Top of Tax!
December 12, 2020
5 Quick Tips for Small Businesses to Keep on Top of Income Tax
1) Run regular year-to-date profit and loss reports from your accounting system (eg Xero; MYOB) to help calculate your income tax. If you are not currently using an accounting system, consider getting one.
2) Use the IRD's Income Tax calculator to help estimate your income t...
Are you making the most out of your Xero file?
October 30, 2020
Xero (small business accounting software), is constantly upgrading (for the better) and it can be hard to keep up with all the new changes. If you have been using Xero for a while, it can also be easy to stick to what you know, and you may be missing out on key efficie...
Wage Subsidy Extension
August 19, 2020
The Government announced a further 2 week Wage Subsidy on the 17 August 2020.
"Applications can be made from 1pm on 21 August 2020 to 3 September 2020. It is open to employers throughout New Zealand.
Who can get it?
New Zealand employers who have had, or expect to have, a re...
TAGS
Cash FlowSmartlynzaccountantnzaccountingMicrosoft ExcelSpotlight ReportingHubdocaccountinghome officetaxGST Ratioaimnew zealand accountant50% deductible entertainment100% deductible entertainmententertainmentaccounting softwareCofixed assetslow-value assetsWage subsidy resurgenceemployersxeroXero certified advisorXero accountantChartered AccountantWage Subsidy ExtensionSmall Business Cashflow (Loan) Schemeincome relieflow-interest loansWage SubsidySupportGovernmentaccountantsmall business accountantNew ZealandInland RevenueIRDProvisional Tax ThresholdProvisional taxR&Dpukekohe accountantresearch & development tax creditcommercial buildingsSmall BusinessDepreciationIncome TaxCOVID