Accounting and Tax

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Conducting a regular health checks is vital to assess and enhance a business' financial resilience.

The Importance of a Financial Health Check

In today’s dynamic business landscape, the importance of a financial health check has never been more important.  Confronting financial challenges promptly has become a cornerstone for sustained success. Businesses grappling with tax-related issues often seek assistance only when faced with dire situations such as revenue losses, financial downturns, or mounting problems with banks, creditors, and […]
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Amidst economic hardships, Kiwi businesses grapple with a surge in receiverships and liquidations, with the IRD's unwavering pursuit of unpaid taxes adding to the challenges.

Unpaid Tax: Is IRD an ally or adversary?

New Zealand businesses have continued to face mounting economic challenges during the last few years. Earthquakes, cyclones, a pandemic, recession, and frequent official cash rate (OCR) hikes have taken their toll on many. Yet, in the midst of these hardships, IRD continues to demand its dues and case unpaid tax. Recent data shows New Zealand […]
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Directors must be prepared to justify their drawings and salaries.

Company Directors’ Drawings – Are You Recording Them Properly?

[UPDATED 17 OCTOBER 2023] Failing to properly record company directors’ drawings can have disastrous consequences. Effective financial management is vital for a business’ success and sustainability.  And one crucial aspect of this management is properly recording directors’ drawings. If you’re a company director, you may be tempted to use the company’s funds to pay for […]
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NZ Minor Parties’ Tax Policies

New Zealand’s general election on 14 October 2023 is fast approaching. As is customary, tax policies continue to be a prominent subject of debate as the election approaches. During the lead up to the election, the various political parties’ tax policies have been grabbing headlines. Some parties advocate for sweeping alterations to our tax system, […]
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Navigating New Zealand Tax Residency

Understanding your New Zealand tax residency status is crucial when living in New Zealand. It determines how much tax you need to pay and what financial obligations you have.  Knowing it will help you make informed decisions about your employment, business opportunities, and investments. So, while it may not be the most exciting topic, it’s […]
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Learn how to maximise your tax deductions by claiming home office expenses. Understand eligibility criteria and allowable expenses for a potential tax break.

Home Office Expenses and How to Claim Them

Did you know some business-related home office costs are tax deductible?  Are you a small-business owner, contractor or freelancer and work from a home office? With the rise of flexible work arrangements, more people are working remotely and given up renting office space.  Consequently, the concept of a home office has taken on a whole […]
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Fixed Fee Accounting: Unlock Your Potential  

Are you tired of the uncertainty and unpredictability of your accountant’s bills? It’s time to revolutionise your financial management with the game-changing solution of fixed fee accounting. With fixed fee accounting, you can bid farewell to the stressful and uncertain process of hourly billing. Instead, embrace a transparent, cost-effective, and results-driven approach to manage your […]
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Accountants have an in-depth understanding of financial management, tax laws, and other financial regulations, which can be crucial in developing a solid business.

4 ways an accountant can help you.

Small businesses are the backbone of many economies, providing goods, services, and employment to local communities. As a small business owner, you’re likely to face many challenges and obstacles. Least of all, you’ll need to manage your finances, taxes, and other accounting-related tasks. This is where an accountant can come in handy. They can offer […]
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