When starting a new business, it's important to establish solid bookkeeping and accounting systems. Here's how you can go about getting everything sorted.
How to set up accounting and bookkeeping for a new small business
7 accounting tips for your small business or farm
Doing the books should be a slog - it should be an exciting opportunity to add value to your business! Here are a few of our small business accounting tips.
Foreign Shares
The global economy is seeing New Zealand (NZ) taxpayers invest in overseas companies. However, many people acquire foreign investments without understanding how they will be taxed. Taxpayers that purchase shares in a foreign company should ensure they are familiar with the Foreign Investment Fund (FIF) rules. The FIF regime was introduced to prevent NZ taxpayers…
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Holiday Pay
The MBIE Labour Inspectorate have recently announced that they are going to prioritise employer compliance with the Holiday Pay Act. They expect businesses to calculate leave and holiday pay entitlements accurately. However, a growing number of non-compliance cases suggest that this is easier said than done, with both small and large businesses finding the rules…
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