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Sometimes, an employee doesn’t have enough leave available to take paid leave when time off work is required for what would normally be a work day. As am employer, you can agree to the time off and not pay them for this time. This is usually called Leave Without Pay or LWOP. Leave without pay doesn’t end an employee’s agreement or change it, however, did you know that leave without… Read more
Every year thousands of New Zealanders are called up to serve on a Jury, so if you have employees it is only a matter of time before one of them gets summoned for Jury Service. What should you do if this happens? Talk to your employee Find out when they have been told to go for jury service and how long it may last. Discuss how it may affect… Read more
How easy is it to go paperless? You just need a digital filing cabinet.
Beyond COVID-19 – How to build value in your business We’ve said it before and we’ll say it again – this has been an extremely difficult few months for all of us, but there is no better time to think seriously about your business. In this article, we have compiled a few tips to create value in your business. The key to building value in your business is to plan… Read more
Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow simply means keeping track of how much money enters and leaves their business, but there’s actually more that goes into it.Cash flow forecasting, for example, is an incredibly valuable tool that helps you anticipate cash flow issues, plan for days when your cash flow is limited, and show the bank that… Read more
Prepare a business plan for COVID-19 recovery (free template) You probably didn’t factor a global pandemic and national lockdown into your business plan! So now is definitely a good time to revisit your business plan for the next year. We know that writing a plan can feel like a big effort so we have created a template to make it easier. Please get in touch if you’d like to talk… Read more
If you’re a small business owner whose company hasn’t gone through hardtimes, that’s great but it’s likely to happen at some point. As much as wedream about being brilliant enough at business that we’ll never face slow times,there are many things beyond our control that can negatively affect our business. It’s highly likely that the Coronavirus and it’s resulting impacts, hasput some significant pressure on your business. Here are four… Read more
This is a blog for small businesses about reducing cost tactics
The Government has announced a boost to cashflow support for small businesses to aid in their recovery from the affects of Covid19. The Small Business Cashflow Loan Scheme will provide assistance of up to $100,000 to firms employing 50 or fewer full time equivalent employees. The scheme is in the way of a loan from the government and will provide $10,000 to every firm and $1800 per equivalent full time… Read more
Have you received the latest update from Inland Revenue with ways you can now pay your tax? Read on to find out more… No more cheques – pay online instead From 1 March 2020 IRD will stop accepting payment by cheque, including cheques dated after 1 March. The safest and quickest ways for you to pay tax is online – either in myIR or through your bank. For more information on… Read more
Are you ready to take on the challenges in your business this decade? The start of the decade has been action packed already, with a lot happening both around the world and at home it can be difficult to set aside the time to reflect on what you achieved in 2019 and what your goals are for 2020 and the next few years. Starting your business is often an adrenaline… Read more
As Christmas draws closer, here’s a quick list of five things as an employer you should be aware of when it comes to minimum legal employment rights. 1. Is closing down a workplace at Christmas legal? Yes. An Employer may close down a workplace if the processed is managed lawfully. Employees must be given at least 14 days’ notice of the closedown. An employer may have a regular closedown once… Read more
You may have heard or seen on social media the recent push by various agencies to ensure all business entities, including sole traders, have registered a free NZBN number. So why did everyone need to get one? The answer is; e-Invoicing! NZBNs are for all Kiwi businesses, regardless of whether you’re a national company or someone who runs a B&B out of their home. Many businesses already have a NZBN,… Read more
Inland Revenue and the Accident Compensation Corporation are calling ‘time’ on cheques. From March next year, IR and ACC will no longer accept payments by cheque from customers who are able to use alternative payment options. IR received more than 430,000 cheques last financial year, the largest number received by any public sector agency. ACC received approximately 25,000 cheques from business customers. Those numbers have been dropping by around… Read more
Cashflow is the lifeblood of any business but one of the most difficult things for business owners to control.
The minimum adult wage is set to increase by $1.20 per hour in April. Are you prepared?
FBT, or Fringe Benefit Tax, can be confusing at the best of times, especially if you are a small to medium business with a handful of employees. Recently we’ve had clients asking if they can pay for certain items and avoid paying PAYE for the employee, unfortunately this is not the case – the tax must be paid somewhere! Sometimes it’s about identifying the situation and ensuring the best solution… Read more
I’m making sales, woo hoo! Now what? We often are asked, “When should I register for GST?” It’s good to know that you don’t have to register for GST just because you start trading and selling goods and/or services. You do however have to register for GST if you carry out a taxable activity, and: Your turnover was $60,000 or more in the last 12 months or will be $60,000… Read more
With the ever increasing price of fuel, we’re excited to be able to offer our clients an increased level of discount on fuel purchases with an FnF Fuelcard! Far North Fuels are a leading fuel card provider supplying Mobil, Caltex and BP branded fuel cards for use at over 900 service stations and truck stops throughout New Zealand. FnF understands what it means to be in business and the importance… Read more