Blog

How to set payment terms if you’re a freelancer or contractor

Posted by The Accounting Hub
on January 28, 2019

Following up on late or non-paying customers is no freelancer or contractor’s favourite task. Which is precisely why you need to set payment terms up front – and in writing – before you work with a new client or customer. [read more...]

New year’s resolutions

Posted by The Accounting Hub
on December 19, 2018

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 [read more...]

GST on Google Payments

Posted by The Accounting Hub
on December 4, 2018

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 [read more...]

5 PayPal alternatives for online payments

Posted by The Accounting Hub
on November 26, 2018

PayPal is the world leading online payment service. You can transfer money to and from your bank account, pay for goods, and even receive payments worldwide. It’s a useful tool for entrepreneurs, freelancers, and even for personal use. However, it [read more...]

Property restructure fish hooks

Posted by Andrew Millington
on November 6, 2018

Update June 2024: Note that from 1 July 2024, the bright line test reverts back to two years. More about this update here. From time to time we get asked by clients about moving their rental property into a different [read more...]

Pros and cons of working with family and friends in business

Posted by The Accounting Hub
on September 25, 2018

Ever dreamed of starting a family business? Investing in a franchise opportunity with friends? Businesses owned and operated by families can have incredible staying power. Volkswagen, Samsung, and Nike – all family-owned companies – are among the world’s most successful, [read more...]

What to do if you get audited

Posted by The Accounting Hub
on August 21, 2018

No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – an official request by Inland Revenue to review your accounts and confirm your taxes have [read more...]

Reasons to consider hiring a financial planner

Posted by The Accounting Hub
on July 16, 2018

For business owners who want financial security now and freedom in retirement, having a financial planner on the team is a must. A financial planner will create a customized, strategic action plan to help you achieve your personal financial goals. [read more...]

What to do if you fall out with your business partners

Posted by The Accounting Hub
on July 3, 2018

It’s been said that a business partnership is a lot like a marriage, and the comparison holds true when things go awry: the end of a partnership is a lot like divorce. Lawyers will be involved and assets will need [read more...]