Don’t trip! GST mistakes to avoid
GST can be a thorn in your side but if you understand when it’s due, what to pay, and make the most of your accounting software, you’ll escape unscathed. Here are four of the most common mistakes we see business…
Christmas parties and presents on a budget
While it’s been a financial rollercoaster of a year for most Kiwi businesses, Christmas time invites us to pause and celebrate what’s gone right and thank the people we rode with. Here are eight ways to keep your costs down…
Smart ways to get your costs under control
Cashflow has been a big issue for thousands of businesses this year, and when the money’s not rolling in, it can help to rethink your costs. To do it effectively involves more than just keeping an eye on outgoings. It’s…
Tax Changes to Support your Business
Working from Home allowance extended In April, Inland Revenue began allowing employers to pay staff who were working from home because of the Covid pandemic up to $20 a week tax-free for expenses such as additional heating costs, without having to estimate…
Early warning system:
13 signs your business might be in need of some help. The media is full of reports of impending business closures and restructures as a result of Covid-19. While many business are still performing well in our region, there are…
Five ways to boost mental wellbeing at work
If you’re a business owner or manager, there’s a lot you can do to support your staff to maintain positive mental health and in turn, keep your business profitable. Studies say ‘happy employees are more likely to be productive employees’…
Our Upside Down World
The world has been turned upside down by coronavirus Covid-19. Most businesses have been significantly affected and we have been busy advising clients regarding the wage subsidy and other measures brought in by the government. As we move to…
Milnes Beatson at Alert Level 3
We are sure none of you needs any explanation of the government’s restrictions around Level 3 in the Unite against Covid-19! While in Level 4 we’ve been working from home in the main, Level 3 gives us an opportunity to…
The Government’s economic response to Covid-19
Business Cashflow Tax relief measures include: Depreciation: Depreciation deductions for commercial and industrial buildings will be re-introduced from the 2020/21 income year. Available to all sectors, these apply to new and existing buildings on a permanent basis. Building owners can…
Tax Time with Cath (Tax Manager)
Among many changes this year, Inland Revenue has also changed the way they charge penalties and interest on late paid provisional tax. In the past, if provisional tax was paid late, there were usually no significant consequences. Now, under the…