Category: Blog
What does Budget 2022 mean for you?
With the cost of living soaring, interest rates rising and house prices falling, Budget 2022 aimed to deliver a little something to help the average household. So what’s in it for you? Support for rising household prices You get to enjoy at least some of the benefits of the latest...
Accounting Basics: The Profit and Loss Report
The profit and loss report is a key report when it comes to getting in control of your enitity’s financial health. What’s a profit and loss statement? Your profit and loss statement is commonly called your P&L, but is also referred to as your income statement or statement of earnings....
Minimum wage – issues for farming businesses
All New Zealand employers should understand their obligations under the Minimum Wage Act. Farming businesses can face questions that may not arise for other employers. From 1 April 2022 the minimum wage rates increase. The rates for adult workers are: Hourly: $21.20 ($16.96 for Starting-out workers/Trainees) Daily (based on an...
Looking after your own wellbeing and resilience
When you’re busy running a business, it can be easy to overlook your own wellbeing and mental health. Stress can have a serious effect on your ability to function and you can’t make consistently good decisions and lead your team if you’re under a weight of pressure or struggling with...
Cash Versus Accrual Accounting
Do you prefer cash accounting or accrual accounting? We can help you figure out what’s best for your business. The difference between cash basis and accrual basis accounting comes down to timing. When do you record revenue or expenses? If you do it when you pay or receive money,...
5 Goal-Setting Tips For The Year
Wouldn’t it be great to have your best year ever, this year? Whether you want to grow your business or take more time for yourself, these goal-setting tips can help you achieve your long-term plans. Think big! - What do you want from your life – and how can your...
Accounting Basics: Balance Sheet Reports
Understanding your finances is a vital part of running your business. But getting down into the nitty gritty of the entity's accounts isn’t every entrepreneur’s top skill. If you are new to accounting, or simply want to expand your knowledge, we can help explain the foundational reports. The balance sheet...
Lockdown Leave, Pay Cuts, Reduced Hours: What’s Allowed?
There are many questions during Level 4 & 3 lockdown about the responsibilities for employers. Luckily, the Ministry for Business Innovation and Employment (MBIE) have set out all the required information. Two of the most commonly asked questions are: 1. Can I make employees take annual leave during lockdown? The...
Business Support Following Lockdown Announcement
The Government has announced that significant support for businesses and workers has been triggered following a rise in alert levels to combat COVID-19 in the community. The Government decided to move to alert level 4 for New Zealand starting at 11.59 pm on Tuesday, 17 August 2021, initially for 3...
Clean Car Discount Scheme
The Clean Car Discount scheme was introduced to make it more affordable to buy low CO2 emission vehicles. From 1 July 2021 until 31 December 2021, a rebate will be paid (on application) to the first registered person of an eligible vehicle (or to a lessor where the first registered...