where thinking
powers business
where thinking
powers business
CHARTERED ACCOUNTANTS + BUSINESS ADVISORS
Engine Room Chartered Accountants provide strategic accountancy + business advisory services to excel business growth and performance.
Accounting & Taxation
We support business owners with the financial tools and knowledge to grow their business on their own with confidence.
Business Advisory
Business advisory services to excel business growth and performance. Bring your goals – we’ll help you get there.
Xero Setup & Support
We have been a 100% Xero firm for 15 years. We help both new businesses and those converting from other accounting packages get set up on Xero and make smarter financial decisions in business.
On The Blog
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The Transition Support Payment
The Minister of Finance has announced a number of changes to the financial support for businesses once New Zealand moves into the COVID Protection Framework at 11.59pm on December 2nd. There will be a one-off Transition Payment to acknowledge the restrictions businesses have faced due to the higher Alert Levels in Auckland, Waikato and Northland.
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RSP – FAQ’s and Explanations
How do I calculate my revenue? Your revenue for the RSP calculation should be based on standard accounting principles for revenue recognition. i.e., how you would normally prepare your annual or monthly reports. For example: For a business that deals mainly in cash, such as restaurants and bars, revenue would be the daily takings.
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Processing the wage subsidy when you are working
To help clarify a few queries we have been getting around how to pay the wage subsidy when your business is operating, we referenced myHR for their answers to frequently asked questions around covid-19 support. The main points to consider are: Use the wage subsidy to help top up the usual wages you would pay
FREE DOWNLOAD
HOW TO GROW YOUR BUSINESS
Is your business feeling ‘stuck’? In this free guide, you’ll learn what key factors influence profit, understand essential business equations and take a moment to work on your business and its roadmap to success. Includes bonus worksheets.