Budget 2023 contained a few surprises, but the change to the tax trust rate wasn’t one of them.
Budget 2023 contained a few surprises, but the change to the tax trust rate wasn’t one of them.
Here are some answers to common tax questions at this time of year.
So you’ve created your company from nothing, put years of blood, sweat and tears into its success, and retirement is just around the corner. What do you do next?
It takes approximately 15 minutes of undisturbed focus for your brain to move into flow state.
A new COVID-19 Support Payment of a maximum of $24,000 will be made available for businesses struggling with a business downturn during the Omicron outbreak.
Screens have become so omnipresent in our lives that internet addiction is recognised by the World Health Organisation as a mental health condition. Here are our top tips for switching off.
Getting ready for the Christmas rush, it can be easy to miss something in your new staff members’ contracts.
The purpose of this payment is to ensure businesses remain viable, keep people employed, and recognise the fixed costs associated with escalating alert levels.
The wage subsidy is designed to support businesses that are faced with laying off staff or reducing hours due to the impact of COVID.
When you are given lemons, make lemonade! The Whakatane Virtual Mall has been launched as an innovative reaction to the COVID-19 crisis. Learn more here:
The latest New Zealand Government scheme to help small business has just been announced. Find out whether it is a good solution for you here.
It’s a stressful time for everyone trying to make sense of the COVID-19 wage subsidy. In this post, we give a simple breakdown of the current information.
In this post, we have summarised in easy to understand language, how the current tax changes in the business support package affect your business.
Our team give insights on what COVID-19 Alert Level 3 means for businesses and what business owners can do now to future proof their business.
The AML/CFT Act has come into effect for Accountants and as part of our commitment to the Act, we have adopted some new policies. Find out more here.
If you receive the Families Package, you’ll need to be aware of three changes that came into effect on 1 July. Read on to find out what these are.
As of April 2018, New Zealand’s minimum wage increased and more changes to employee wages are expected in the near future. Are you prepared?
Customers can understandably be unhappy about a raise in rates, but it’s possible to retain customers after implementing a price hike. Find out how.
There are many fine details to consider when it comes to FBT. Do you know what information the IRD needs? We do! And we can help you get it right.
Poorly written content can negatively impact a business. Find out how Heather Dawson helps companies put their best foot forward through content.
Overlooking Fringe Benefit Tax (FBT) can land you in hot water. We help you supply the IRD with the right information to avoid serious penalties.
Loyal customers stick with you through thick and thin and encourage other customers to be loyal too. How do we reciprocate the love? Find out here.
Are you using social media effectively for your business? It’s one of those things that we know we should be doing, but are enough of us doing it well?
If you’ve had a trust quietly ticking away in the background for some years, these changes could mean a lot. Find out more here:
While it’s easy to think of business culture as a bit soft compared with, say, achieving sales, in fact it’s anything but. Find out more here:
Employers need to be prepared for the minimum wage to increase by 75 cents to $16.50 an hour from 1 April 2018. Read more here:
There are some surprising ways taxpayers can end up in trouble with the IRD. Here are five common mistakes people make with their tax.
The end of December will mark the third quarter point for this financial year, making it a good time for a business health check. What to look out for here:
You know you have to get your debtors to pay, but do you understand the true impact of slow payers? Find out some of the impacts here:
The accounting income method is a simple but smart change. It allows you to use your accounting software to calculate and pay your provisional tax.
When employing, think carefully about the kind of help you need and what kind of employment contract is best suited to the situation. Read this quick guide.
Now that the bright-line test is being applied to determine tax liability, an issue highlighted only recently might leave you exposed. Read more here:
The Landing Motel is among six Whakatane hotels that have ranked in the top 30 accommodation spots in the Bay of Plenty. Find out more here.
Cecelia Strachan, owner of Cecelia’s Raw Food Workshops, teaches groups how to prepare meals using only raw food. Learn about the workshops here.
It can be unnerving to receive customer complaints. But if you handle them correctly, you can turn complaints into opportunities. Here’s how.
The word ‘sustainable’ seems to be thrown around on a regular basis these days, not just in relation to the…
Scams and scammers become more sophisticated every day. No surprises there. They rely on keeping a jump ahead of people….
In order for your business to be a success, you need to be surrounded by like-minded people with good core…
How often do you look at the Profit and Loss (P&L) statement for your business? Only once a year? It…
Stress is a sneaky wee thing. It can creep up on you completely unaware, knocking you down when you least…
There is a saying that your biggest market is the one you currently have – most of your sales are…
Inland Revenue’s crackdown on ‘cashies’ continues, with their focus on undeclared cash in the construction and hospitality sectors. Last year,…
When you look at your numbers, do you see how you’re doing? Do you see how close or how far…
Do you take regular cash drawings from your business profits to meet personal living costs? You need to be aware…
Holiday pay has been in the news recently and we know the labour inspectors from the Ministry of Business, Innovation…
Inland Revenue have signalled they will be looking at businesses’ record keeping systems. Key targets will be that all jobs…
‘You must pay taxes. But there’s no law that says you gotta leave a tip.’ Morgan Stanley Make sure everything…
Did you know New Zealand has the 10th most complex payroll system in the world and ranked 5th for complexity…
As discussed previously from 28 October all New Zealand companies must have at least one director who lives in New…
Thriller in the Chiller is regarded as the must-do event of the year in Queenstown and is also considered one…
Practise these simple tricks if you catch yourself in a negative mind set: Reframe immediately as a positive statement. Is…
We read a lot about the ageing population and its potential impact on the economy but what does it mean…
You’ve put in all the hard work. You’ve marketed the product or service, established a relationship with your client and…
Much like cold calling, asking for referrals can seem daunting. However, unlike cold calling, referral business usually comes off the…
If it works, write it down – chances are you’ll need to remember how you did that at a later…
Time is one of those things that cannot be expanded, but it can be better managed. Every one of us…
I see it time and time again – business owners dealing with burnout. What once made you joyously jump out…
To be successful a business needs a great organisational culture – the ‘icing on the cake’. Culture affects every aspect…
Can you remember life before the internet? I can’t – well, not my business life. Over the years I have…
Have you ever looked at your profit and loss statement and thought: ‘Wow, I made a good profit last year’…
Legacy had a planning day last week where part of the day was focused on the importance of continuing to…
From 1 May 2015 new registration requirements come into force for applications to incorporate a New Zealand limited liability company….
It is hard to believe another financial year is almost upon us, but we find ourselves preparing for the financial…
Are you worried about paying your terminal tax bill on 7 April? We understand how terminal tax can sometimes put…
The government has made some major employment relations changes, effective from 6 March 2015. Changes target flexible working arrangements, rest…
The 53rd National Jazz Festival is back in Tauranga over the easter weekend and we are proud to be sponsoring…
Podium Podiatry and Footwear in the Bayfair Shopping Centre, Mount Maunganui has been operating for just under two years and…
Produce, sell, invoice, collect. What a simple process business trading can be. Many businesses have excellent systems in place for…
We often get asked by clients what sort of structure they should use… and with all things business it depends….
I read an interesting article last week. The UK version of Inland Revenue released a list of the top 10…
Often when a trust is set up the trustees who are chosen are close friends or family members, which is…
Maybe you have a successful business operating in a highly skilled or niche market, attracting plenty of customers and enjoying…
The Gourmet Night Market in Mt Maunganui is a community hotspot all summer long on Friday nights in idyllic Coronation…
The holiday season is often hectic enough without having to determine employee entitlements so we’ve put together some commonly asked…
At this time of year we often sit back and look at the year that has been – where did…
Generally, we want to indulge less, exercise more and be better people… But now’s the time to ponder some specific…
With Legacy turning two next month I thought it was time to sit down and have a look at the…
In a perfect world, we’d all have at least an hour a day to devote to our fitness. Unfortunately, in…
Wherewolf Limited Wherewolf was created to remove paperwork and streamline operations for businesses when a customer fills out a liability…
For new businesses in that critical early period, cash flow is a vital part of staying afloat to establish and…
Anyone who has been hit hard by Inland Revenue (IRD) late payment penalties and use of money interest (UOMI) for…
I was watching the Television show Sunday a couple of weeks back. The edition focused on James Takamore, the father…
It’s about who you ARE as a leader and how that translates into your everyday actions. To be successful leaders,…
When I committed to writing regular blogs a few months ago my biggest fear was spelling and grammar. I knew…
I caught up with a mate of mine Phil Holland during the week. We had an interesting discussion about the question we…
Last week I had an interesting talk with Nick Kerr from EC Credit Control who told me that commercial defaults increased 43%…
ACC Workers and employers will pay $387 million less in ACC levies in 2014/15 (subject to the regulation being passed)….
The leading retail provider of podiatry and footwear solutions has only been open for just on a year and, while…
When it comes to working efficiently, everyone has some idea of what works for them and what could work better….
The world of social media has come a long way in recent years and Facebook, in order to stay at…
Do you look forward to networking events or would you rather tidy your sock drawer? For some people networking is…
If you would love to say goodbye to high accounting fees the great news is that saving money in this…