Cashflow vs. Profit: Why Cashflow Reigns Supreme

As a business owner, whether you are just starting out or have been in business for a while, you know that running a successful business requires more than just passion for your product or service. It also requires a solid understanding of financial reporting. Running a business without financial reporting is like a ship without […]

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Small Business Cashflow Scheme update

On 21 March 2022, the Small Business Cashflow Scheme (SBCS) loan amount increased to $20,000 (from $10,000). The scheme was originally introduced to support small to medium businesses and organisations struggling with a loss of revenue due to COVID-19. The eligibility criteria have not changed. Your business must have: no more than 50 full-time equivalent […]

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Understanding Your KiwiSaver

Started in July 2007, KiwiSaver is a voluntary retirement savings scheme to help you save for your future.  Available for all New Zealand citizens and permanent residents living in NZ, it is run by independent providers who you choose to manage your savings.  These providers invest their members’ KiwiSaver funds to make a greater return […]

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What does inflation mean for me?

  We’ve been hearing the word inflation used a lot over the past few months, but what does it actually mean and how does it affect you and me?  You might think that inflation just means things cost more, and in simple terms that is correct.  The problem arises when your income doesn’t rise in […]

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COVID-19 Tax Assistance

  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 […]

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The Dos and Don’ts of Discounts

  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 […]

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Is It Time to Spring Clean Your Finances?

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 […]

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Tax Obligations for Cryptoassets

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, […]

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Managing your tax during COVID-19

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 […]

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Tax Relief Options

What tax relief options are available?

Is your business still facing the consequences of COVID-19 – even in level one? Well, look no further… IRD has provided us with some tax relief and income assistance if your business has had a major drop in revenue over the past few months.  If you feel as though you are struggling to pay your […]

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