Rewarding your team with vouchers or trips? Providing a car or a gym membership? FBT can be tricky, so make sure you’re calculating the true cost of employee perks. Fringe benefit tax is one of the trickier areas of day-to-day taxes for Kiwi businesses. What is fringe benefit tax? Fringe benefit tax, or FBT, is […]
FBT – calculating the real cost of employee perks Read More »
Interested in hiring migrant workers? Applications are now open to become an ‘accredited employer’, which allows you to employ migrants using a new Accredited Employer Work Visa. The Accredited Employer Work Visa (AEWV) replaces six other work visas and should help streamline the process of employing people from outside New Zealand. It can also help
You can now apply to become an accredited migrant employer Read More »
GST changes are coming in 2023, designed to support e-invoicing and electronic record keeping. All businesses need to be aware of the changes to ensure their business processes can manage the new requirements. New rules modernising GST invoicing and record-keeping requirements will apply from 1 April 2023. The key change is removing the requirement to
GST invoicing changes are coming Read More »
(Formerly called My Payroll) Xero Me is a mobile app for employees to manage their leave and timesheets, and update employment details. It connects into Xero Payroll and Xero Expenses and is completely separate from your business and financial information. Your employees only need to use the Xero Me app to access their own pay,
Xero Me – a mobile app for employees Read More »
You may be eligible for the Cost of Living payment – even if it hasn’t arrived in your account. If you earned less than $70,000 between 1 April 2021 and 31 March 2022, you are eligible for the one-off $350 payment, paid over three months. It’s individual income, not household income The Cost of Living payment is
Should you have received the Cost of Living payment? Read More »
The Xero App Launcher lets you launch an app you’ve connected to your Xero organisation without interrupting your workflow. You don’t need to remember URLs or rely on your browser bookmarks. For some apps, you’ll skip the login screen too. You can find, launch and switch between your favourite apps within Xero, and you can
The Xero App Launcher Read More »
Plus be in the draw to win a trip to the Boost Mobile Gold Coast 500 in October! Whether you are a Pukekohe local or not, you may have heard that it is the last V8 racing weekend 9-11 September at the Pukekohe track. Pukekohe is making a party of it and hosting a street
The final V8 rumble in Pukekohe Read More »
As an employer, if you provide fringe benefits to employees, or others associated with your business, you must generally pay fringe benefit tax (FBT) on the value of these benefits. So, when are you liable for FBT? Any time you provide non-cash benefits to your staff. The list is potentially endless but in practice, most
Keeping up with Fringe Benefit Tax Read More »
Do you already track your gross and net profit but are at a bit of a standstill on how to increase profitability? Think about the relationship between business profit and productivity. You can increase profitability if you produce more and pay less for what you need to produce and sell your goods or services. It’s
Profit improvement and productivity Read More »
Are you considering investing in a new way to make your business more productive or streamlined? With a tight labour market, everyone’s time is at a premium – so finding ways to maximise productivity has never been more important. But it can take considerable funds to pay for a new website, ecommerce platform, software system
Weighing up a big investment in your business Read More »
