If you run your own enterprise, there’s a good chance that going into business had a lot to do with money. But once you’re actually in business, finances can pretty quickly become overwhelming. So grab a notebook, and set aside a couple of minutes, because we’re starting with basics and breaking down everything you need to know. Here’s our Small Business Finance Management 101! Step one: know why finances matter!… Read more
Creatives inspire. The people who throw passion and colour into the world are often the ones with an incredible interest in many things… except numbers. So it is no surprise at all that finance and accounting are often two things listed by creative agencies as being the biggest challenge of running a business. When all you want to do is share your creative passion with the world, there is nothing… Read more
Time tracking can be a challenge for any business, and when the efficiency of your small business relies on it, finding the right time tracking app can be more difficult than it needs to be. To help you find the perfect tool for your business, here’s a quick breakdown of three time tracking apps that we recommend, and a few key factors to consider. Why use time tracking? As a… Read more
As an innovative, human-centred small business, The Accounting Hub recognises the need to support other people-driven small businesses, especially those having an enormous positive impact despite their small size. These small businesses are the driving force when it comes to adopting and delivering on sustainable issues, as their personal approach to business allows them to give social and environmental agendas the same priority as fiscal goals. We love highlighting small… Read more
The rapid growth of the co-working movement has made it a global phenomenon, and with good reason. Co-working, or shared office space, offers a whole host of benefits from expanding your personal and professional networks to eliminating distractions from the fridge and TV. While the list of positives is a long one, here are just our top five reasons why you should consider co-working space for your small business. 1.… Read more
In what was one of the largest data migrations undertaken by any government agency in New Zealand, around 20 million income tax records, representing around $5 billion in financial transactions, were moved from Inland Revenue’s legacy software to a new system during a seven day shutdown over Easter 2019. Inland Revenue began rolling out its business transformation programme in stages two years ago. The latest upgrade during Easter 2019, was… Read more
It’s unusual for tax to be a front page issue but right now there are a lot of headlines being generated and a lot of hyperbole being used by many media commentators. This article is an attempt to look past the spin to make sure that you are up to speed with the tax changes that have occurred that will affect you now as well as the proposals that have… Read more
At this time of year many people are looking forward to a holiday ahead, but also thinking about how they can make their work work for them better than it did in the past. Some people will be thinking nervously about leaving their full time job to start a new business. Since setting up my own business more than 6 years ago, I have been lucky enough to meet lots… Read more
One small but important change that we have noticed recently is that Google has started charging GST for it’s G Suite (email, apps and storage products) and for advertising. You’ll need to revisit any rules that you have set up in Xero to make sure that you are claiming the GST on these payments. From the paperwork that we have seen it looks like this change took effect from 1… Read more