Our blog will give you quick updates on tax , tips for Xero and recipes ( no, not really!),

and anything else we are thinking about…

Low-value assets

The low-value asset threshold (of $5000) for depreciation ends on March 16th

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 more

Minimum wage increase

Minimum wage increases on 1 April 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 more

Important IRD changes that may impact you

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 more

Xero Small Business Insights (SBI) program

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. more

Tools to help business

Xero’s short-term cashflow feature for businesses

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 more

Check your financial reports

6 reasons to look at your financial reports

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 more

COVID-19 support still available

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 more

Facing challenges?

Facing challenges? Change your mindset

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 more

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