Are you part of a supplier rebate scheme that provides gift cards or products as rewards for purchasing goods and services? Think gift cards, tools, or products offered when you spend with suppliers — there’s fresh guidance from the IRD you need to know. The IRD has confirmed that if you convert your supplier rebates […]
Get Clear on Trade Points – What Business Owners Need to Know Read More »
Love it or hate it, we’re living in the subscription era. Once upon a time, running a business meant stacks of paper, boxed software, and costly one-off purchases. But the digital world has changed – and with it, the way businesses spend. The Rise of the Subscription Economy Today, nearly everything runs on a subscription.
The Subscription Life: Is Your Business Keeping Up (or Paying Too Much)? Read More »
Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Make sure you have a clear picture of your payroll, and any other
Keeping your cashflow strong in tough times Read More »
On Thursday 22 May, the Minister of Finance, The Honourable Nicola Willis, delivered Budget 2025. Opening her speech, the Minister said:“This is a responsible budget to secure New Zealand’s future. It supports the economic recovery now underway. It also takes a longer-term view with initiatives to boost future investment savings and growth.” Growing GDP and
Budget 2025: The impact for your small business Read More »
Do you have frustrations, bottlenecks and inefficiencies where once systems worked perfectly? Is there something better out there for your current needs? Growth is something every business strives for — but as your business expands, so do the demands on your systems. If you’re feeling like you and your team are spending more time battling
Have You Outgrown Your Tech Stack? Read More »
As a small or medium-sized business in New Zealand, managing your tax obligations can feel overwhelming. Two key areas that often raise questions are provisional tax and tax pooling. Here’s a quick overview to help you stay informed and in control. Provisional Tax in a nutshell Provisional tax is like making progress payments towards your
What SMEs Need to Know About Provisional Tax and Tax Pooling Read More »
If you’re a small business exporting to the USA, these tariffs aren’t just political headlines — they’re a real and tangible change to your export costs. So, what steps can you take to minimise the impact on your bottom line? Why has President Trump introduced these tariffs? As part of his ‘America First’ economic strategy,
Trump’s Tariffs: What They Mean if You Export to the USA Read More »
A Guide from Xero It’s an uncomfortable truth for business owners, but fraud happens more often than you think. Most business owners say that they never thought it could happen to them, but it can. Here’s some advice from Xero, the accounting software on some things to think about and ways to manage the risk.
Fraud prevention tips for your small business Read More »
The changes to personal income tax rates taking effect in July, as an outcome of the Budget 2024, have some consequences for businesses. The current thresholds apply for the first 3 months and 30 days of the 2024–25 tax year; the new thresholds for the remaining period. For the 2024-25 year only, composite tax rates
Tax threshold changes and your business Read More »
From 1 January 2024, online marketplaces must disclose information about sellers and transactions on their platforms. This makes income earned on digital platforms (also called the sharing and gig economy) more transparent to Inland Revenue if you earn income for services such as: – providing short-stay accommodation – providing ride-sharing services for a fare –
Tax on Online marketplaces Read More »
