where thinking
powers business
where thinking
powers business
CHARTERED ACCOUNTANTS + BUSINESS ADVISORS
Engine Room Chartered Accountants provide strategic accountancy + business advisory services to excel business growth and performance.
Our latest insights
-
Tax on Online marketplaces
From 1 January 2024, online marketplaces must disclose information about sellers and transactions on their platforms. This makes income earned on digital platforms (also called the sharing and gig economy) more transparent to Inland Revenue if you earn income for services such as: – providing short-stay accommodation – providing ride-sharing services for a fare –…
-
Is Hubdoc in your app stack? And why it should be
If you’re looking for simple ways to automate and streamline your accounts processes this year, look no further than Hubdoc. Hubdoc makes data entry of bills and receipts easier, by automating the process of entering them into Xero. This is a modest step in automating low-level tasks that can take up a lot of your…
-
The 39% tax rate for trusts
What does it mean for you? From 1 April 2024, the tax rate for trusts will increase from 33% to 39%. Draft legislation has been released and is expected to be law by end of March 2024. The change aims to make the tax system fairer – since the top personal tax rate increased to…
-
Should Deposit Invoices or Progress Payments Be an Essential Part of your Business?
If you’re a project-based business you are mostly likely familiar with deposit invoices and progress payments, but you could be offering a product or service and still benefit from creating deposit invoices. Here are 6 advantages of having deposit invoices or progress payments as part of your business process: The overarching theme here is that…
FREE GUIDE
HOW TO GROW YOUR BUSINESS
Is your business feeling ‘stuck’? In this free guide, you’ll learn what key factors influence profit, understand essential business equations and take a moment to work on your business and its roadmap to success. Includes bonus worksheets.