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Chartered Accountants

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

Creating a positive work environment

Posted on Jul 29, 2015 by editor

Achieving a positive and motivated workplace culture is the kind of business asset that is surprisingly hard to maintain. Lazy and unmotivated employees, poor communication and workplace bullying can all contribute to a work environment that no-one wants to be in. This kind of workplace toxicity can have lasting repercussions on a business’s future in growth and profitability. Although there is no such thing as an instant solution, there are ways managers and owners can create a more positive environment. Below are five steps designed to help identify the causes of workplace negativity and what you can do to create […]

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Keeping your business in tip-top financial shape

Posted on Jul 22, 2015 by editor

Make sure any new financial year resolutions made to keep your business financially healthy don’t fall off the bandwagon now. Here are four tips to keeping it in tip-top financial shape. 1. Know your tax deductions Keep an eye out when lodging tax returns, so you don’t pay too much. If you work from home, you may be able to claim home office costs such as repairs or cleaning expenses. If you use your personal mobile phone to contact customers or your staff, you could also claim for those calls. 2. Stay cash-focused It is important for a business to […]

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Don’t let your personal finances affect your business

Posted on Jul 22, 2015 by editor

A contributing factor to a business’s success is the owner’s personal financial stability. Business owners who carry personal financial troubles into their business risk being distracted by their personal situation, which can affect concentration levels and decision-making processes. Rather than thinking of how to keep improving a business, time may be spent instead thinking about how to earn any much-needed money. Owners should also keep their personal financial situation completely separate from their business in terms of money. Borrowing any money from the business to pay personal bills can very quickly lead to a disaster. One way business owners can […]

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Taking a KiwiSaver contributions holiday

Posted on Jul 13, 2015 by editor

One of the many benefits KiwiSaver has to offer is the contributions holiday that members can take after 12 months of KiwiSaver membership. A contributions holiday allows members to take a break of up to five years from making contributions. However, while members do not have to provide a reason to take a holiday, they must first get their application approved by Inland Revenue. Once Inland Revenue approves a request, employers do not have to make compulsory employer contributions. Those who continue to make compulsory contributions may be liable to pay Employer Superannuation Contribution Tax (ESCT) on their contributions. A […]

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ACC motor vehicle levy cuts come into force

Posted on Jul 13, 2015 by editor

A series of Accident Compensation Corporation (ACC) motor vehicle levy cuts took effect on 1 July 2015. Light passenger motor vehicles were assigned a levy band, which determines the amount of ACC levies they must pay when they renew their registration. The motor vehicle levy cut is expected to decrease the annual licence payment by an average of 41 per cent, saving the average driver around $130 a year. New Zealanders can determine the actual amount by a new risk rating applied to different types of vehicles. The petrol levy also decreased by 3 cents per litre on 1 July […]

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Securing the future of your business

Posted on Jul 13, 2015 by editor

It is inevitable that one day a business owner will have to leave their business. Whether they sell, retire or leave due to health reasons, it is important for business owners to plan what will happen to the business when that day eventually arrives. Creating and implementing a succession plan can provide valuable benefits for a business. Succession plans can enable smooth transitions and decrease the likelihood of disruptions. Early succession planning can also maximise a business’s value to help it meet future needs. A good succession plan will ensure the business continues to run smoothly when something unexpected happens […]

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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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