The Low-Value Asset Threshold for Depreciation after March 16 2021.

Office Furniture

The temporary increase to $5,000 for the low-value asset threshold for depreciation ended on March 16th This means if you bought something before the 16th of March 2021, you could write off the whole amount against your taxable income this year. Depreciation spreads the cost of assets that you buy for […]

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Tax Pooling and Provisional Tax

tax pooling provisional tax nz

Provisional tax payment dates do not always fall at a convenient time. There are always competing cash flow pressures and other business expenses to consider. Through tax pooling, you can gain full control over when and how you pay provisional tax and save money in the process. Firstly, how does it […]

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Xero Multi-Factor Authentication (MFA)

Xero MFA

By now, Xero users in NZ will be familiar with the additional security measures on your Xero account since Multi-factor authentication (or MFA) has been applied.  It is not as daunting as it sounds as it takes a few extra minutes for the initial setup and then each time you log […]

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Are you using Xero on mobile?

Mobile Accounting

With more and more people using their mobile phones for work purposes, let’s take a look at how Xero has bought their software to the mobile world. Xero has five mobile apps that work on Google’s Android and Apple’s iOS operating systems. The apps are Xero mobile accounting, Xero Me, Xero […]

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Proposed Changes to the Holidays Act

Holiday Road Trip

Earlier this month we had a visit from our PayHero Partner Program Manager, Jacinta, who filled us in on what PayHero has been up to behind the scenes as well as important updates regarding how proposed changes to the Holidays Act will be applied to the payroll software. It is important […]

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The March Wage Subsidy

March 2021 wage subsidy NZ

From 1pm Thursday 4 March you can apply for the March 2021 Wage Subsidy scheme. TO QUALIFY: Your business needs to experience a 40% decline in revenue over a consecutive 14-day period between 28 February and 21 March, compared to a typical 14-day period between 4 January and 14 February 2021 […]

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