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 – […]
Tax on Online marketplaces Read More »
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
Is Hubdoc in your app stack? And why it should be Read More »
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
The 39% tax rate for trusts Read More »
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
Should Deposit Invoices or Progress Payments Be an Essential Part of your Business? Read More »
The rapid technological advancements we’re seeing are a double-edged sword for many business owners, presenting both great opportunities and potential challenges. Adopting and integrating these new technologies is essential if you want to remain competitive, but it requires careful navigation and a clear strategic plan for your tech stack. 5 key steps for transforming your
How are you keeping up with technology this year? Read More »
The beginning of a new financial year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement. With a new financial year beginning on the 1st April for most NZ based businesses, this is a great
Business Goals for the New Financial Year Read More »
Understanding ACC Cover Plus Extra – how it works and who is eligible.
Understanding ACC CoverPlus Extra: How it works and who is eligible Read More »
Are you heading away for a break from the business this year? This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday. Leading up to the holiday period, is your business cash flow in good health to carry you through? With
Holiday cashflow for your small business Read More »
Love it or loathe it, Black Friday and Cyber Monday (BFCM) sales are mere days away with some retailers starting their sale period early. While it’s tempting to jump on the bandwagon and discount everything in sight, you’ll need a solid BFCM discounting strategy. Think about: The following discount strategies are designed to make your
Can ‘Black Friday thinking’ hurt your business? Read More »
How do you manage risk in your business? As a business owner you are constantly assessing and managing risk, balancing likely costs against potential profit. If anything major happens, do you have a plan in place?
Risk Management – what’s your plan? Read More »
