What is ACC CoverPlus Extra?

What is ACC CoverPlus Extra?

If you are self-employed or a contractor you have two options for your Accident Compensation Cover - Standard CoverPlus (CP) CoverPlus Extra (CPX) You’ll automatically be placed on CoverPlus (CP) and Inland Revenue provides ACC with a summary of your earnings from your income tax return (IR3). This information, combined...

30/01/2024
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Setting goals for you and your business in 2024

Setting goals for you and your business in 2024

The new year is a new beginning. If you are a business owner, this is often the time of year when you reflect on where you are at and think about your business goals for the year ahead. Setting goals is an essential part of personal and professional growth. These...

08/01/2024
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The Government’s Mini-Budget announced

The Government’s Mini-Budget announced

The new Finance Minister, Nicola Willis announced savings via redirected funds and exiting projects in the government’s mini-budget.   The new Finance Minister, Nicola Willis has revealed the government’s mini-budget, alongside Treasury’s half-year economic and fiscal update in Wellington. In its executive summary, Treasury that concluded that ‘although economic growth...

21/12/2023
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What is Profit and Loss?

What is Profit and Loss?

[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"]When you’re in control of your profit and loss (P&L), you have a tighter hold on the reins of your profitability.   What is Profit and Loss? Your Profit and Loss statement is commonly called your ‘P&L’. It’s also sometimes referred to as your...

17/11/2023
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What will a National-led government mean for your taxes?

What will a National-led government mean for your taxes?

[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"]We don’t yet know exactly how the new National-led coalition government will be formed. But we do know that National pledged to make some major changes to tax if it came into power. Here are some of the changes that could affect you: Tweaks...

18/10/2023
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Morrinsville Fireworks Extravaganza 2023

Morrinsville Fireworks Extravaganza 2023

[et_pb_section fb_built="1" _builder_version="4.16" global_colors_info="{}"][et_pb_row _builder_version="4.22.2" background_size="initial" background_position="top_left" background_repeat="repeat" custom_padding="4px|||||" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"] MBS Advisors proud sponsors of the Fireworks Extravaganza MBS Advisors are a proud sponsor of the Morrinsville Fireworks Extravaganza for another year.   Saturday 4th November 2023 Morrinsville Recreatation Grounds....

16/10/2023
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How much should you pay yourself?

How much should you pay yourself?

As a business owner, how much should you pay yourself? It depends on how much your business can afford, market pay rates, and whether reinvestment could pay dividends. Being the boss means you get to make all the big decisions about your business – including how much to pay yourself...

09/10/2023
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Introducing our newest Associate – Liam Crean

Introducing our newest Associate – Liam Crean

With immense pleasure, we celebrate Liam Crean's well-deserved promotion to Associate, recognizing his dedicated service and contributions to MBS Advisors.     Liam recently completed his Certificate of Public Practice qualification and is looking forward to expanding his client portfolio and creating meaningful client relationships with a focus on creating...

02/10/2023
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Succession planning – defining roles in a family-owned business

Succession planning – defining roles in a family-owned business

In any business roles can blur, making it easy to lose sight of how many hats you wear every day. It's especially true of family businesses. When you need to put together long-term plans, clarifying key business roles can help articulate your goals. Whether you’re running a small family business...

28/09/2023
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Which business expenses can you claim against tax?

Which business expenses can you claim against tax?

Incurring expenses is an unavoidable fact of running a business. But which expenses can you claim tax deductions against and which don’t meet the tax-free criteria? Here’s our lowdown on which expenses you can claim against tax. Which business expenses can you claim deductions against? If your business expense is...

22/08/2023
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