Is your business ready for financial year end?
February 29, 2024
Financial year end is fast approaching. Here are 10 quick tips to help you get ready for financial year end:1) Bank Statements - Start collecting key account statements for the period 1 April 2023 to 31 March 2024. For example, bank statements, loan statements, hire purchase...
Keep on Top of Tax!
December 12, 2020
5 Quick Tips for Small Businesses to Keep on Top of Income Tax
1) Run regular year-to-date profit and loss reports from your accounting system (eg Xero; MYOB) to help calculate your income tax. If you are not currently using an accounting system, consider getting one.
2) Use the IRD's Income Tax calculator to help estimate your income t...
From the IRD:"In the last few months, a number of changes have been made to help businesses during this time. For more detail on each of the below, talk with your tax agent, or visit www.ird.govt.nz.- The provisional tax threshold has increased from $2,500 to $5,000. Th...
TAGS
business growthRecession HelpRecession TipsGetting Paid FasterGetting PaidDebt RecoveryOnline PaymentsCash FlowSmartlynzaccountantnzaccountingMicrosoft ExcelSpotlight ReportingHubdocaccountinghome officetaxGST Ratioaimnew zealand accountant50% deductible entertainment100% deductible entertainmententertainmentaccounting softwareCofixed assetslow-value assetsWage subsidy resurgenceemployersxeroXero certified advisorXero accountantChartered AccountantWage Subsidy ExtensionSmall Business Cashflow (Loan) Schemeincome relieflow-interest loansWage SubsidySupportGovernmentaccountantsmall business accountantNew ZealandInland RevenueIRDProvisional Tax ThresholdProvisional taxR&Dpukekohe accountantresearch & development tax creditcommercial buildingsSmall BusinessDepreciationIncome TaxCOVID