Blog

In an effort to level the playing field between property speculators/investors and home buyers, speculators and investors are no longer able to offset tax losses from their residential properties against their other income (eg salary or wages, or business income) to reduce their income tax liability. This legislation is known as ring-fencing of rental losses. The new rules limit a person’s deductions for expenditure incurred in relation to residential land…  Read more

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

Many complex moving parts are involved in operating a profitable company, but at its core, business success hinges on just one thing: customer relationships. Which is why customer relationship management (CRM) software is vital for entrepreneurs who want to grow their businesses. A CRM solution helps your company nurture and improve customer relationships by maintaining centralized data on all your leads and existing clients. With access to a history of customer…  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

In today’s fast-paced world, everyone wants to be more productive. Fortunately, there is an ever-increasing number of tools, many of them available online and across multiple devices, that promise to help us achieve our goals. The challenge then becomes how to know not just which tools will live up to their promise but which tools are right for your business. Choosing the best productivity tools depends on a number of factors,…  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