It’s a common belief among business owners that registering for GST early is a smart move, a sign you’re “legit,” or a shortcut to claiming back setup costs. But GST isn’t a refund scheme. In some cases, registering too soon [read more...]
Whether you’re buying into a medical practice or starting your own, choosing the right business structure isn’t just a box to tick – it can influence everything from your tax bill to your future flexibility. And with recent changes like [read more...]
As a unit owner in a unit title development (and assuming you go to the AGM!) you will be asked as to whether you believe the financial statements should be audited for the year. What is a financial statement audit? [read more...]
As part of our commitment to improving your experience with The Accounting Hub, we’re excited to introduce Karbon, our new practice management platform. This shift will bring clearer communication, easier document sharing, and a more streamlined way to work with us. [read more...]
With the news in the Budget 2025 that KiwiSaver employer contribution rates are to be increased to 4% from 1 April 2026, it’s worthwhile considering how this impacts an equivalent salary calculation for comparing employees with contractors. While contractors can offer flexibility, [read more...]
We’re making the switch to Karbon this month, and while we’re excited about the benefits, we also know that change can take a little getting used to. Here’s what you need to know as we roll it out across the practice. We’re [read more...]
If you’re operating as a sole trader in the IT industry, one of the key decisions you’ll face is whether to set yourself up as a contractor or through a company structure. Both options offer distinct benefits, depending on your [read more...]
The Inland Revenue Department (IRD) has significantly improved its data-matching capabilities following the completion of its START (Simplified Tax and Revenue Technology) program. This multi-year business transformation initiative, which cost approximately $1.5 billion and was completed in 2022, was designed [read more...]
The IRD has released a consultation document examining the tax treatment of the not-for-profit sector in New Zealand. This review could lead to significant changes in how not-for-profits are taxed, particularly those operating businesses. If you’re involved in a charity, [read more...]