Tax time is just around the corner and this last year hasn’t exactly been an easy one for most NZ businesses. What with lockdowns, supply chain issues, and inflation, it’s nice to know that the Government understands the effect that COVID-19 has had on small businesses and is providing tax relief and income assistance […]
Everybody loves a deal, don’t they? We’ve made it through Christmas and the Boxing Day sales, next up is the New Year sales, followed by Waitangi Day deals, then Valentines Sales, the list goes on. It almost seems like consumers would be crazy to pay full price for items when they can just wait […]
Unless you’ve got a business that caters to the holiday herds, chances are you’re going to notice a slowdown of activity from Christmas through to as late as the end of February. So how do you protect yourself against the inevitable summer slowdown? Read on to discover some useful tips and strategies on planning, […]
So what is cloud accounting? Simply put, cloud computing is the delivery or availability of computing services via the internet. It could be for such things as storage services, software, analytics tools, or accountancy services. It gives users access to accounting technology on a subscription basis – you pay a monthly or annual fee, […]
The clocks have changed, flowers are blooming, lambs are skipping, and the mercury is rising; all signs that spring is in the air. Tradition tells us that this is the time to have a good clean-up and clear out of your house, but what about dusting off the proverbial cobwebs from your finances? Setting aside […]
Even though we’ve been here before, it doesn’t seem to make this nationwide Alert Level 4 lockdown any easier to deal with the second time around. Thankfully Finance Minister Grant Robertson announced last week that the Government has reinstated their Covid-19 Wage Subsidy Scheme and Resurgence Support Payment (RSP). Businesses that meet the criteria could […]
New Zealand is a nation of small businesses, so it’s important to acknowledge their importance. They are arguably the backbone of New Zealand’s economy, so we would love to dedicate this blog to giving tips for small businesses to set financial goals for themselves. Small businesses are those with less than 20 employees, and there […]
Cryptoassets have become increasingly popular lately among individuals. They are defined by IRD as “cryptographically secured digital representations of value that can be transferred, stored or traded electronically. They use some form of distributed ledger technology such as blockchain.” An example of a cryptoasset that you may have heard of recently are cryptocurrencies like Bitcoin, […]
The tax year is from 1 April to 31 March, so we’ve just entered the new 2021 tax year. The overall goal for the tax year that Inland Revenue (IRD) strives to help you with is that you pay the right amount of tax at the right time so that you don’t overpay during the […]
Here in New Zealand, it’s important to acknowledge that we have been luckier than other nations in terms of our COVID-19 situation. However, the situation is still present here and is still affecting people and businesses. IRD have said that if you are unable to pay personal or business taxes on time due to any […]