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âQ: What expenses can I claim as a Kiwi small business? And whatâs the financial advantage of claiming for business expenses?â
When youâre running a small business, thereâs a multitude of operational...
âThe organisations pulling ahead arenât just âdoing sustainabilityâ or telling better stories, they treat carbon and nature metrics as business intelligence â using credible data to test assumptions, ...
Whatâs changing?
Inland Revenue has released proposals that would significantly change how shareholder loans are taxed. If implemented, these changes would limit the ability for shareholders to extra...
When a great business idea pops into your head, it could mark the start of a whole new enterprise. But how do you know if your business has what it takes to conquer the market?
The key is to set the ...
Your customer canât pay until you've invoiced them, so make sure you send your bill promptly.
Customers are also more open to paying when they've just received the goods or services that you delivere...
Itâs been a major challenge to trade during the past few years of economic uncertainty. Markets are changing, customer spending behaviour is up and down, and the rising costs of raw materials and labo...
While Artificial Intelligence (AI) offers powerful tools for business efficiency, it is not a reliable substitute for professional, human tax advice. The inherent complexity of tax law, combined with ...
A Practical Guide to the Tax on Supplier Loyalty Rewards
In short, loyalty rewards from suppliers, such as gift cards and products, are considered taxable income by Inland Revenue. Recent guidance ha...
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Weâve had a lot of clients ask us recently how they can keep their annual compliance costs down. The good news? A few small habits throughout the year can make a big difference. Here are our top ti...
Would your business still thrive, or would it suffer a catastrophic failure if you suddenly stepped away?
Itâs tough to remove yourself from the day-to-day operations when youâre passionate and busy....
How you implement a price increase can make all the difference.
For example, when Netflix increased its prices, their customers didnât like it, but the majority stayed on. Why? They timed it. Netflix...
Having a diverse and inclusive workforce isnât just about displaying the best values as a business â it also makes good business sense for your company to be diverse.
Letâs look at the positive benef...