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Invoice fraud is on the rise, but you don’t need to leave yourself vulnerable to scammers, E-invoicing is the secure way to send and receive invoices, backed by a government platform.
Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from...
The Small Business Cashflow Scheme is still going and your business could be eligible for an interest-free or low-interest loan, backed up by the Government. This could be a good way to get your business on track for a great year ahead.
Many small businesses, particularly in Auckland, are still...
Can you afford to become the Bank of Mum and Dad and help your child buy a house? There are plenty of ways to assist, from a gift to a loan to rent-free cohabitation – which one could be right for you?
The ‘Bank of Mum and Dad’ is one of New Zealand’s largest lenders, with...
It’s tough to keep on top of everything when you’re running a small business – but now there are some brilliant apps to help. Here are five of our favourites.
Being a small business owner means being a jack of all trades – but these days, there are some apps to help you...
How to enjoy all the bells and whistles without the tax headache
Parties are part of the festive fun but they can cost a small fortune.
Here’s a list of the rules around entertainment expenses so you know what’s deductible and non-deductible before you fork out for your staff,...
The rule of thumb with gifts is that if they consist of food or drink, you can only claim 50% of the expense as a tax deduction.
If you are giving out gift baskets or hampers and some of the contents are food or drink, but not all, the food or drink items are 50% deductible but the other gift...
Depending on your industry, the holiday period can be a slow time of year for business. Despite a dip in cashflow you still need to meet your expenses.
Ensure your bases are covered before you clock off for the year.
1. Plan ahead
Update (or create) a budget to figure out how just much you are...
Do you have staff taking leave over Christmas? Are systems in place to make sure everyone gets what they’re entitled to?
Even if someone else handles your payroll, you are responsible for making sure holiday pay and leave payments are handled correctly.
Remember:
- Whether your staff work...
Buying a home, rental or holiday house?
It might be time to think about a new build.
The Government recently announced that any new build which received its code compliance certificate after March 27, 2020 will be exempt from its new tax rules which limit deductibility on interest payments...
Projecting your cashflow pipeline forwards during a crisis is vital.
To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash...
The Government’s announcement on the next stage in the COVID-19 response plan introduces a new framework of measures that will commence when 90% of eligible New Zealanders are fully vaccinated.
The new framework has three levels: Red, Orange and Green. Each has different levels of...
There’s a strong feeling among economic commentators that interest rates will rise soon.
The Reserve Bank has signalled that it will raise the official cash rate (OCR), which comes in response to New Zealand’s strong economy, low unemployment and unexpected inflation rate. Until last...
