Business Advice
29 March 2016
Don’t get caught out on holiday pay
There are two ways of calculating holiday pay: It can be based on ordinary weekly pay at the beginning of the holiday or average weekly earnings over the previous 12…
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Following on from our April newsletter, there are some significant changes coming to tax rates and rules. Please do not hesitate to get in touch with the Team with your…
Continue ReadingSharing our recent article published in Franchise New Zealand Magazine – People buy a business for many reasons: wanting to work for themselves rather than someone else; provide employment for…
Continue ReadingAs published by Employment NZ As from 1st April 2023, the NZ minimum wage rates increased and we want to ensure all our business owners are running smoothly with this…
Continue ReadingNew rules on GST invoicing apply from 1 April 2023. These changes have been designed for 21st century business record-keeping and modernise invoicing rules in place since 1986, based on…
Continue ReadingFind yourself scratching your head when it comes to tax at Christmas time? Here are some common tax questions at this time of year – Is our Christmas work party…
Continue ReadingThis article addresses the tax implications of how the IRD will treat cryptocurrency. With the proliferation of activity in trading Cryptocurrency around the world, New Zealand included, it has spawned…
Continue ReadingTrusts have traditionally been used for intergenerational protection because; a trust can be used to determine how a person’s money should be managed and distributed while that person is alive,…
Continue ReadingIn this latest blog post, we will take a look at some of the most important changes that are likely to impact you as a residential property owner. There are…
Continue ReadingApplications for the initial two-week Wage Subsidy August 2021, which opened on 20 August 2021, close at 11.59pm Tonight (Thursday 2 September 2021.) The COVID-19 Wage Subsidy is to support…
Continue ReadingIn any business, tax payments place pressure on cashflow. Cashflow varies depending on the type of business, the payment terms you offer, and the seasonality of your sales. However, there…
Continue ReadingThe Government announced a range of measures which in their view address the supply and demand for residential properties (in addition to measures already in force such as the ring-fencing…
Continue ReadingThe new Trust Act came into force on 30 January 2021. This is a generational shift. Trustees now need to be informed of the new level of responsibilities in overseeing…
Continue ReadingMarch is here and if you don’t have your ducks in a row already, now is the time to get to it. Our handy checklist will help get you on your way:…
Continue ReadingWe would like to wish all the best to our friends, family and colleagues in Auckland who are now going into Alert Level 3. Last night was a major setback…
Continue ReadingWhen you are ready to grow your business and there is a gap between where you are now and where you want to be then working with a good business…
Continue ReadingInland Revenue will provide interest-free loans for a year to small businesses impacted by the COVID-19 economic shock. The Small Business Cashflow Loan Scheme will provide assistance of up to…
Continue ReadingWith the fallout from Covid-19 hitting the economy, for the next 12 months managing cashflow is the No.1 priority for business owners. The challenge is to survive the downturn, until…
Continue ReadingSurviving in uncertain times : things you can do We are going into unchartered times with a heightened sense of uncertainty.Just as ancient mariners bolted down the hatches to navigate…
Continue ReadingResidential property deductions will now be ring-fenced, meaning they can only be used to offset income from residential property. You cannot use rental losses to offset other income like salary and wages….
Continue ReadingWith the dawning of a new year upon us, it’s a valuable time to recharge, refresh and reflect on the last year, and work out where you want to be…
Continue ReadingIt is important to know the difference between employees and contractors because each type of worker has their own legal rights and responsibilities. What are the differences? An employee is a…
Continue ReadingRule 1: Put people before possessions A rewarding life is defined by the quality of your relationships. At the end of your life when you are on your deathbed, you…
Continue ReadingMarch is here and if you don’t have your ducks in a row already, now is the time to get onto it. Take a look at our handy checklist below…
Continue ReadingHow this new tax law affects you? The Government have now changed how losses generated from residential property rentals can be applied effective from 1st April 2019. This has been…
Continue ReadingWith a proposed capital gains tax the major talking point at the moment, we take a look at possible implications for business owners and property investors. The Tax Working Group…
Continue ReadingThe Westpac New Zealand Franchise Awards evening was held earlier this month and we are proud to be named the Winner of the Service Provider of the Year 2018. Thank…
Continue ReadingIMPORTANT CHANGES TO LEGISLATION There is new regime of checks all Accounting Firms, Legal Firms and Real Estate Agents requiring us to comply with AML/CFT legislation. Anyone who has opened a…
Continue ReadingXero monthly subscriptions are increasing, standard and premium pricing plans are increasing by $5+gst a month. This means standard subs will be $60+gst and premium will be $75+gst, all other…
Continue ReadingSal’s master pizza maker at work. The brand name Sal’s, is the shorten name of the founder, Salvatore Leo. Born in Puglia region of Italy in 1941, his family moved…
Continue ReadingWhy learn from your own mistakes when you can learn from those of others? Having worked with over 1,000 different franchisees over the years, we see people making the same…
Continue ReadingWhat is a Shareholders’ Agreement? A Shareholders’ Agreement is basically a contract between the shareholders of a company. A Shareholders’ Agreement is not compulsory and is a confidential document between…
Continue ReadingWhat is AIM & is it right for you? The IRD have introduced a new method for paying your provisional tax called Accounting Income Method (AIM). It allows qualifying businesses…
Continue ReadingReady for a change? Is it time to get into a business of your own? What do you need to do first? The start of a new year is always…
Continue ReadingWe thought we would put out a couple of ‘Xero tips’ for you each month to help you along. I always say, let’s start with the basics! The Dashboard Page:…
Continue ReadingThe Service Provider of the Year Award is a coveted title among the professional firms who specialise in helping franchisors and franchisees make the right choices and maximise the potential of their…
Continue Reading29 March 2016
There are two ways of calculating holiday pay: It can be based on ordinary weekly pay at the beginning of the holiday or average weekly earnings over the previous 12…
09 March 2016
The residual levy rate calculation was based on old injury rates which have become out-dated, going back 10 years or more. The residual levies themselves were a kind of catch…
08 March 2016
Inland Revenue acknowledge people trying to cheat on tax are in the minority but stress that they’re a very expensive minority. The so-called ‘hidden economy’ is a cost to all…
13 November 2015
What does a Director do? It’s not just a position you give to someone on their business card. Being the director of a company has its responsibilities and by law…