Blog
Our blog will give you quick updates on tax , tips for Xero and recipes ( no, not really!),
and anything else we are thinking about…
The low-value asset threshold (of $5000) for depreciation ends on March 16th
10th March 2021
The temporary increase to $5,000 for the low-value asset threshold for depreciation ends March 16th This means if you buy something now, you could write off the whole amount against your taxable income this year. Depreciation ...read more
Minimum wage increases on 1 April 2021
10th March 2021
From April 1 2021, the adult minimum wage will increase from the current rate of $18.90 per hour to $20 per hour. There are 3 types of minimum wage — adult, starting-out and training. The adult minimum wage – applies ...read more
Important IRD changes that may impact you
25th February 2021
Outlined below are some recent IRD changes that may impact you. New top tax rate From 1 April 2021 there will be a new top tax rate of 39% which will apply on personal income in excess of $180,000 for the 2021-2022 and later tax ...read more
Xero Small Business Insights (SBI) program
18th September 2020
Xero have just released the Xero Small Business Insights (SBI) program, this program provides analysis of the sector’s health drawn from anonymised and aggregated data from hundreds of thousands of their subscribers. ...read more
Xero’s short-term cashflow feature for businesses
11th August 2020
Business cashflow is simply money coming in and money going out of the business. Your outgoings will include things like rent, payroll, taxes and supplies. Your income will be revenue from sales but might also include investment ...read more
6 reasons to look at your financial reports
7th August 2020
Making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, either because you’re too busy, or perhaps you don’t really understand what ...read more
COVID-19 support still available
16th July 2020
A few reminders about COVID-19 support that is still available to businesses and employers. Wage Subsidy Extension – now available until 1 September 2020 Applications are open from 10 June 2020 to 1 September 2020. You ...read more
Facing challenges? Change your mindset
10th July 2020
As adults we try to teach our children the things that took us many years to learn. One of the new buzzwords in schools at the moment is ‘Growth Mindset’. The theory of the growth mindset came from research done ...read more