Migrating from WorkflowMax by Xero If you have been using WorkflowMax by Xero, you would have already migrated to a new job management software by now, as June 26 2024 marked the end of life of the software. WorkflowMax by BlueRock (aka WorkflowMax 2) is most obvious alternative and the BlueRock team have made the […]
Job Management Software and WorkflowMax alternatives Read More »
The changes to personal income tax rates taking effect in July, as an outcome of the Budget 2024, have some consequences for businesses. The current thresholds apply for the first 3 months and 30 days of the 2024–25 tax year; the new thresholds for the remaining period. For the 2024-25 year only, composite tax rates
Tax threshold changes and your business Read More »
ApprovalMax and Xero. It’s the end of the day and you have to track down someone to sign off on that one PO. It’s stressful and time consuming and you think there must be a better way. Or you see a bill and wonder “Who on earth approved this?” The better way is with ApprovalMax.
8 Reasons Why You Should Tighten Your Financial Controls Read More »
When you’re selling your business, the information or sales memorandum drives the start of your sale process. It is key to motivating a buyer to the next stage – signing a contract subject to conditions and conducting due diligence on your business. While presenting your business in the best light, it must be grounded, easy
Selling your Business. Is it market ready? Read More »
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 »
