IRD Debt not under arrangement? IRD stance is about to get tougher

IRD Debt not under arrangement? IRD stance is about to get tougher

In recent years, IRD have been reasonably lenient to customers with overdue debt as part of the post COVID-19 relief measures. However, IRD have recently announced that this grace period is soon to be over, and customers with significant outstanding debt need to be actively engaging with them. As of July 1, the way the…

Tax Changes on the Horizon: What’s Next? 

Tax Changes on the Horizon: What’s Next? 

Several alterations in the tax landscape could affect you, stemming from both recent budget adjustments and long-anticipated changes. It’s essential to keep up to date with these developments as they can significantly influence your financial situation.   Here is a high-level summary of some of the changes that may impact you:  What’s changed  How will it…

Kick off the year with less paper and more automation

Kick off the year with less paper and more automation

Maybe you want to go paperless this year or perhaps you already have and want to automate some of those repetitive manual tasks. Now is a great time to look at improving your accounting processes for the 2025 financial year.  Not using Xero yet?  If you are keeping a manual cashbook on paper or in…

How to Reset Multi-Factor Authentication (MFA) for Xero 
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How to Reset Multi-Factor Authentication (MFA) for Xero 

Multi-Factor Authentication (MFA) is a security feature that adds another layer of protection by requiring an app on your phone to verify your login. This helps to prevent a third party from using your login credentials from accessing your Xero account. Once setup on your phone, you may need to reset it if you lose…

Does your business collect and hold personal information? 

Does your business collect and hold personal information? 

In today’s digital landscape, information reigns supreme. As consumers, we often freely disclose our personal data multiple times a day, sometimes without even realising it. Yet, for businesses, safeguarding this information is a crucial responsibility—one that cannot be overlooked.   The Privacy Act 2020 supersedes the Privacy Act 1993 and dictates how organisations and businesses collect,…

Increase in Minimum Wage – what does it mean for your business? 

Increase in Minimum Wage – what does it mean for your business? 

As of today (April 1, 2024), New Zealanders will see a 2% increase in minimum wage to $23.15 per hour, while the training and starting wages will rise to $18.52, remaining at 80% of the adult minimum wage.   Although seen as a conservative increase following the 7% increase to minimum wage the previous year, The…

Making the Leap: A Guide on How to Switch Your Accountant

Making the Leap: A Guide on How to Switch Your Accountant

Choosing the right accountant is crucial for the financial health of your business. However, circumstances change, and you might find yourself needing to switch accountants for various reasons. Whether you’re seeking better service or more expertise, making the transition smooth is essential. In this article, we’ll guide you through the steps of switching accountants to…