We have many years experience helping our clients looking to buy or sell a business. Talk to someone at Engine Room Accountants who you can trust to ensure you’re set up to take on a viable business.
Selling your business? Top 3 things to consider. Read More »
How to strengthen your business in times of increasing costs From the 1st April 2022 the minimum wage will increase to $21.20 an hour. Small business owners who employ staff on minimum wage will have to increase wages accordingly. Small business owners are already feeling the strain of recent global and local events and this
How to Strengthen your Business Read More »
2nd COVID-19 Support Payment to open on 14 March A 2nd COVID-19 Support Payment (CSP) will open on 14 March and a 3rd payment will open on 28 March. The period of time each CSP will cover are: For the 1st CSP, businesses will need to show their income is 40% lower in a 7-day
Update on CSP Changes – March 2022 Read More »
March 2022 Update Changes have been made to the Small Business Cashflow Loans Scheme to increase the amount of funding available to eligible businesses through the introduction of a ‘top up’ loan. The top up loan will allow those firms that have already accessed a loan to draw down an additional $10,000 with a new
Changes to the Small Business Cash Flow Loan Read More »
February 2022 Businesses struggling with revenue during the Omicron outbreak can apply for new targeted funding, as announced by the government on Monday 21st February. Applications for the first payment open on February 28, with payments starting from March 1. There will be 3 payments in total, available on a fortnightly basis. The new scheme
New financial support for businesses affected by Omicron Read More »
The Minister of Finance has announced a number of changes to the financial support for businesses once New Zealand moves into the COVID Protection Framework at 11.59pm on December 2nd. There will be a one-off Transition Payment to acknowledge the restrictions businesses have faced due to the higher Alert Levels in Auckland, Waikato and Northland.
The Transition Support Payment Read More »
How do I calculate my revenue? Your revenue for the RSP calculation should be based on standard accounting principles for revenue recognition. i.e., how you would normally prepare your annual or monthly reports. For example: For a business that deals mainly in cash, such as restaurants and bars, revenue would be the daily takings.
RSP – FAQ’s and Explanations Read More »
To help clarify a few queries we have been getting around how to pay the wage subsidy when your business is operating, we referenced myHR for their answers to frequently asked questions around covid-19 support. The main points to consider are: Use the wage subsidy to help top up the usual wages you would pay
Processing the wage subsidy when you are working Read More »
This time every year there can be a panic in the air due to the upcoming holiday / Christmas season. Many of us get a head start on our planning, shopping and supplies a few months ahead. Fortunately, it’s not too late to start preparing a few things now. Thank you to Xero for these
Preparing for the holiday season – Tips from Xero Read More »
Very few people love the accounting aspects of their business. Here are a few ideas to keep your clients and suppliers happy while streamlining processes for yourself. Create realistic estimates. This will help you keep clients happy and expectations in check. Have a look at past projects, add up the costs, and compare to current
5 Accounting Tips to give you more time to focus on your business Read More »
