The 12 Days of (Business) Christmas

12 days of business Christmas engine room

As we come into December, we would like to take this opportunity to remind you of a few things we like to call the 12 Days of (Business) Christmas. We hope to ease the stress Christmas can cause for some with a few careful preparation tips. As a business owner/operator, managing […]

Read More

Privacy Act Update

Privacy Act Update 2020

What you need to know for your business An update to the Privacy Act 2019 comes into effect on the 1st December 2020. The Privacy Commissioner, John Edwards is encouraging organisations to prepare for tighter rules asap. The most significant change to organisations will be the mandatory data breach disclosure: any […]

Read More

What does an Accountant do?

How can we help you

More importantly, what can we do for you? At Engine Room, we pride ourselves on being Business Specialists. Although Accounting is a large part of our job function, there is much more we provide than financial accounts. Our approach is to offer more than your average accountant – more than just […]

Read More

Selling a Business

Selling a business

What you should consider when you want to exit If you are looking to exit your business or have a future intention to do so, you need a plan to get the business ready for sale. When you sell, you want your business to have as much inherent value as possible […]

Read More

Buying a Business

Buying a business planning

Key points to consider when buying a business Buying an existing business can be a great way to get started as a business owner, or to expand operations if you are already running a business successfully. We have recently seen a lot of activity with people buying a business even in […]

Read More

An overview of the new Trusts Act 2019

Trusts Act update 2019

An overview of the new Trusts Act 2019 For those of you with trusts, you may recall we’ve talked about the new Trust Act which will come into effect on 30 January 2021.  As Accountants, we have now received further guidance and application of the new Act so we can have […]

Read More

The difference between Restructuring and Redundancy

In the current economic climate, your business may be exploring cost-saving options, including reorganising or downsizing your workforce. If you are looking at restructuring and the possibility of redundancies, you need to understand the difference between the two, as they often get mistaken for the same thing. Getting either wrong could […]

Read More

Mandatory contact tracing for NZ businesses

Protect your customers and staff with contact tracing. NZ COVID Tracer QR code posters are free to create and are mandatory from 12pm on Wednesday 19 August, for businesses and service providers under Alert Level 2 and 3. In order to help prevent the spread of Covid 19 in New Zealand, […]

Read More

The Resurgence Wage Subsidy

Covid19 mask.

The Government announced on 17 August 2020 a new round of the wage subsidy, in response to current lockdown restrictions. The Resurgence Wage Subsidy is a 2-week payment. Businesses will need to show a 40% drop during a period of at least 14 days between 12 August and 10 September 2020, […]

Read More