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As a small business owner in the midst of the global pandemic, you’ve probably had to make changes to your business model. Whether it was hosting meetings with clients on Zoom, learning about encryption technology to allow employees access to sensitive information from home, offering restaurant food for take-out or managing dance classes online, most small businesses adapted in some way. So post-lockdown, now what? You may need to: revisit…  Read more

Many of our clients view document storage as a low priority job and rely on their email file or pieces of paper to store invoices associated with expenses that they are claiming. Although it’s tempting to work this way its actually really important that the documentation for every transaction is kept and also that the GST treatment for every transaction is looked at. From time to time we see costly…  Read more

There’s no two ways about it; if you run a business, then you might as well embrace your relationship with Inland Revenue as it’s not going anywhere! Whether you’re in the retail sector, or professional services, what will help this relationship from spiraling is the same: IRD like to see clear-cut systems around record keeping that remove room for error and miscalculation. Easy, right…? What are ‘business systems’? When we…  Read more

Every not-for-profit organisation will have had different experiences over the last couple of months during the ongoing global pandemic. But most will have experienced a reduced ability to raise funds through traditional methods and have had to make difficult decisions to suspend events or fundraising activities. Your organisation may also have been hit as gaming trust funding dried up with pubs, clubs and bars shut. The not-for-profit sector provides an…  Read more

After spending almost five weeks in level 4 of the COVID-19 lockdown at home and enduring strict sanitation and supermarket rules, many are finding the ongoing crisis overwhelming. Don’t worry, you’re not alone, and it’s not uncommon to feel overwhelmed from the drastic changes we’ve had to make to our daily lives. That’s why we’ve made a handy list of tips and tricks to help you handle the new world…  Read more

If you’re a New Zealand business that has been affected by the economic volatility which COVID-19 has brought, you may have already heard about the COVID19 temporary loss carry back scheme which the New Zealand government rolled out in the week beginning 27 April. This bill has been developed to take the financial strain off businesses who may have large amounts of tax to pay, but expect to, or are…  Read more

With Alert Level 2 underway and most businesses now able to cautiously reopen, we are preparing for the next phase of the COVID-19 crisis: rebuilding. The Rebuilding Together Budget 2020 released last week, along with other government initiatives, have given businesses some financial and practical support for the coming weeks and months. We take a quick look at some of these. Wage subsidy extension The wage subsidy extension will be…  Read more

Hopefully this finds everyone well in their bubbles. It’s great to hear that as a country we seem to be on top of this virus and that we will drop to level 3 in a few days. Right now it seems like we are in one of the best places in the world. Challenges ahead Obviously though there are serious challenges for the small business owners, contractors and rental property…  Read more

We’d like to assure you that The Accounting Hub is fully operational at Level 4. More about how we can help below. Here’s what the Government announced today, 23 March: New Zealand moves up to COVID-19 Alert Level 3 – Restrict New Zealand to move up to COVID-19 Alert Level 4 – Eliminate, in 48 hours Two-staged approach to give people and businesses time to prepare So how will your…  Read more