How to strengthen your business in times of increasing costs From the 1st April 2022 the minimum wage will increase to $21.20 an hour. Small business owners who employ staff on minimum wage will have to increase wages accordingly. Small business owners are already feeling the strain of recent global and local events and this […]
How to Strengthen your Business Read More »
February 2022 Businesses struggling with revenue during the Omicron outbreak can apply for new targeted funding, as announced by the government on Monday 21st February. Applications for the first payment open on February 28, with payments starting from March 1. There will be 3 payments in total, available on a fortnightly basis. The new scheme
New financial support for businesses affected by Omicron Read More »
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.
RSP – FAQ’s and Explanations Read More »
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
Processing the wage subsidy when you are working Read More »
This time every year there can be a panic in the air due to the upcoming holiday / Christmas season. Many of us get a head start on our planning, shopping and supplies a few months ahead. Fortunately, it’s not too late to start preparing a few things now. Thank you to Xero for these
Preparing for the holiday season – Tips from Xero Read More »
Very few people love the accounting aspects of their business. Here are a few ideas to keep your clients and suppliers happy while streamlining processes for yourself. Create realistic estimates. This will help you keep clients happy and expectations in check. Have a look at past projects, add up the costs, and compare to current
5 Accounting Tips to give you more time to focus on your business Read More »
The IRD have advised that if taxpayers are adversely impacted by COVID-19, and they pay the outstanding core tax as soon as practicable that they will automatically write-off any penalties and interest. Support from the IRD: The type of relief available for new debt due to COVID-19 if you are unable to pay your taxes
Support from the IRD and Banks Read More »
Updated 26 October 2021. It has been announced that the Government will boost payments to businesses affected by higher alert levels as the country transitions to the new COVID-19 Protection Framework. The next payment of the Resurgence Support Payment will be available to apply for from the 29th October through myIR. This payment will remain
The Resurgence Support Payment Read More »
Stuck in lockdown and feeling frustrated? It could be the perfect time to do some planning. Having a plan, or just a couple of goals, can help you make better business decisions and sort out your priorities.
The perfect time for planning Read More »
Can you make employees take annual leave during lockdown? Can you make them take a pay cut or reduce their hours? We’ve got links to all the information you need to meet your responsibilities as an employer.
Lockdown 101: Leave, Pay cuts, reduced hours – what’s allowed? Read More »
