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 –
Category: Compliance
How to use forecasts and scenario-planning
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers,
Recruiting new staff? Start with a plan
When you are employing staff, there are a number of things to consider for your business. Before you place the job ad, review your current staffing. Is there existing talent and capacity within your team that could cover
The importance of tax planning for directors
Paying tax is something you’re likely to see as a necessary (but not hugely enjoyable) part of running your business. But are you doing enough to plan your own personal tax liabilities? As a director, you’ll pay your
Employers – Payday filing is coming
Employers – are you aware the payday filing starts from 1 April 2019? This means that for all employers instead of filing an Employer monthly schedule (IR348) every month, you will file an Employment information schedule online every
Ceasing a Business
A business can cease for many reasons including sale, retirement of owners, mergers and liquidations. It would be nice to be able to just walk away but unfortunately it is not that simple. There can be many pitfalls
Scheme swapping across the ditch
The Australian government recently announced that they have made changes to legislation that will allow New Zealanders to transfer their retirement savings from KiwiSaver into a compatible Australian scheme and vice versa. This legislation is the result of
Changes to GST Online Filing
Changes are afoot for those of you who file their GST returns online at Inland Revenue’s website. Access to the standard online GST form found under the “Get it done online section” of the website will be removed