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Healthy Homes Standards Aug 23, 2024

About the standards

The healthy homes standards, which became law on 1 July 2019, introduced minimum standards for heating, insulation, ventilation, moisture ingress and drainage, and draught...

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House Flippers Beware Aug 19, 2024

People who are buying and selling properties for profit are being warned they could get a tax bill, even if they hold the house for longer than two years - and even if they have lived in it...

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Keeping your Tax and Expenses in Check when you are Self-Employed Aug 12, 2024

Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities...

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The ABCs of Bookkeeping Aug 05, 2024

In today's digital times, you're probably used to having unrivalled access to your financial numbers, key performance indicators (KPIs) and cashflow metrics. Without good bookkeeping, the speed and...

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DIY Accounting vs Hiring an Accountant: Make the Right Choice for your Business Jul 29, 2024

When you’re starting out as a small business owner, the temptation is to go DIY with your accounting. Hiring a professional accountant or tax adviser costs money and that’s an overhead...

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Budget Summary for Small Business Owners with Trusts in 2024 Jul 15, 2024

What do the latest changes mean for small business owners with trusts in New Zealand?

Starting from the 2024/25 income year (1 April 2024), the tax rate for trustee income has increased from 33% to...

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Tips for Dealing with Economic Uncertainty in your Business Jul 07, 2024

With political changes and an economic slowdown to contend with, we're in pretty unpredictable waters. Here are some tips on managing your team in times of uncertainty:

Support staff wellbeing

Talk...

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Have you Updated your Payroll Systems and Processes for the New Minimum Wage? Jun 24, 2024

Does the minimum wage increase affect you? Make sure your payroll systems are updated now.

- The adult minimum wage increased to $23.15 per hour on 1 April.
- The starting-out and training minimum...

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Livestock Special Alert 2024: Herd Values Jun 17, 2024

Inland Revenue determines each year’s herd scheme values (National Average Market Values or NAMV) by reviewing the livestock market.

The herd values for dairy this year have seen a very small...

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Small Business Loans and Cashflow Jun 01, 2024

If you received a Small Business Cashflow Loan (SBCS), is your repayment plan on track?

The scheme was launched to assist eligible small-to-medium businesses adversely affected by COVID-19. A...

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New Tax Thresholds in 2024 Budget May 31, 2024

The New Zealand government has unveiled its 2024 Budget with a core election promise delivered regarding tax relief of $2.57b through bracket adjustments.

With an adjustment to income brackets, tax...

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5 Common Accounting Mistakes (and how to Avoid Them) May 20, 2024

Starting a business can be a challenging experience, especially when it comes to managing your numbers and staying on top of your financial management.

Unless you’ve got some experience in...

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