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Chartered Accountants

Trusted advisers of all tax compliance and annual accounting issues facing both individuals and small businesses.

Are marketing automation tools worth the investment?

Posted on Jun 29, 2015 by editor

Developments in cloud technologies have made marketing automation tools more accessible for small businesses. However, this doesn’t necessarily mean that they are essential for every business. Marketing automation tools can help drive a business forward, but they often require a lot of time, in-house resources and upfront financial investments. Below are three aspects of marketing automation tools a business should consider before investing: The sales cycle Marketing automation tools can be extremely beneficial for businesses who regularly engage in lengthy sales cycles or complex purchasing decisions. Automation tools can provide relevant information at an appropriate time during the buying cycle, […]

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Time-saving social media templates

Posted on Jun 22, 2015 by editor

The maintenance of a business’s social media can either make or break a brand. Typically, a social media strategy plan follows the structure of creating a page, posting information and gaining followers. However, this does not always guarantee success. Social media templates are designed to save time, and can help a business operate a successful social media page. Templates can help keep content creative, organised and up to date. Editorial templates Editorial templates can help a business keep track of their social media ideas and plans. The tool addresses aspects such as publishing posts, the focus of the posts, whether […]

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Five ways to pay less FBT

Posted on Jun 22, 2015 by editor

Small businesses can achieve real dollar savings by efficiently managing and calculating the Fringe Benefits Tax on meals and entertainment. However, the challenge is often finding the best calculation. Many organisations struggle to identify which calculation method is best for them and, as a result, have to pay more FBT than necessary. Here are five FBT strategies that may help small businesses get ahead: 1. Automate the expense management process Automating the process allows a business to determine the lowest FBT liability automatically. It saves time, provides full visibility into expenses and enforces policies to optimise the expense management process. 2. […]

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New tax rules for property transactions

Posted on Jun 15, 2015 by editor

In response to increased property speculation and soaring house prices in New Zealand, the Government announced proposed changes to the land tax rules for property transactions. The proposals include new information requirements for those who buy and sell New Zealand property and a tax on gains made from residential property sold within two years of purchase unless the property is: – the seller’s main residence – inherited from a deceased estate; or – transferred as part of a relationship property settlement. The information measures require residents and non-residents to provide an IRD number as a component of the Land Information […]

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KiwiSaver tips for employers

Posted on Jun 15, 2015 by editor

Employers play a crucial role in helping their employees achieve a secure retirement. It is important for them to realise their KiwiSaver obligations and options, so their staff can reap the full benefits of the voluntary savings scheme. These responsibilities and considerations include: – ensuring KiwiSaver is available to all employees who want to join. An employee must be living in New Zealand and aged over 18 and under 65 to be eligible for KiwiSaver. – providing the Inland Revenue KiwiSaver employee information pack and the KiwiSaver deduction form to new and existing employees. – contributing a minimum of 3 […]

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Five tips to manage difficult top-performing team members

Posted on Jun 15, 2015 by editor

One of the most challenging issues for an employer in the workplace is dealing with a difficult top-performing team member. Whether they are impatient, demanding, rude or a perfectionist, here are five tips to help you manage them. 1. Try to understand Difficult people are often very frustrated, so sometimes it is best to listen and try to understand the reason behind their behaviour. Past experiences may have taught them to push their way through an organisation, and a manager may need to reset this approach.  2. Ask if you can help By asking someone how you can help, you […]

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Growing your business in the cloud

Posted on Jun 9, 2015 by editor

Cloud software is an easy way for businesses to manage their data and information. But with so many variations in the quality and structure of different providers, it’s important that businesses take the time to research and find the provider that is right for them. A good first step for businesses is identifying the specific goals or objectives that could be achieved through the cloud. The cloud can offer many solutions, including CRM for sales management or portals for managing client support tasks. Here are four tips to consider when using cloud software for your business: 1. Be clear on […]

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Building a business budget

Posted on Jun 9, 2015 by editor

Creating a budget for your business doesn’t necessarily mean watching every cent you spend. It is simply a list of expected income and expenses, which can then be used as a powerful tool to control finances. Budgets can help businesses know and track where their money goes. Once businesses know this, they can make conscious decisions about prioritising their money. Software can also help track how much money is being spent. Free apps can help businesses monitor their spending, and help ensure that they have covered all their likely expenses. Setting goals is an important part of budget building, and […]

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Avoid these 4 business plan mistakes

Posted on Jun 1, 2015 by editor

A business plan is like a roadmap, essential for keeping owners focused and on the right track. Unfortunately, many inexperienced owners often send business plans to investors before they are ready to be shared. Below are four common business plan mistakes to avoid when writing up a business plan. Unrealistic financial projections: If a plan doesn’t have a realistic financial picture of the anticipated growth of a company, then it may be shelved by investors. Owners must be realistic with their financial projections, and make sure they are consistent with any growth in the industry. No defined target audience: A business cannot […]

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Latest news

Business tax bill is now law

Posted on April 12, 2017 by BDS Hughes

The Taxation (Business Tax, Exchange of information, and Remedial Matters) Act 2017 received Royal assent on 21 February 2017. The new legislation focuses on changes to business taxation to make tax simpler. From 1 April 2017, the threshold for self-correction of errors under section 113A of the Tax Administration Act 1994 has increased from $500 to $1000; the use-of-money interest will be reduced or removed for the vast majority of business taxpayers; and most RWT exemption certificates can now be issued for more than one year. For the 2017-18 and later income years: The 63-day rule for employee remuneration has […]

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