Blog

Sit back – take a rest and read our short eBook with some tips on how to avoid going insane in your business in 2018 The Christmas eBook – The Accounting Hub  Read more

Victoria Richardson is an engineer and a business woman with a little bit of Spiderman thrown in for good measure . As a Chartered Building Surveyor, Victoria’s job involves not only office-based work, report writing and client liaison, but also scaling large buildings in a single bound! Part of her work involves abseiling down the side of all types of buildings to inspect for defects or maintenance requirements. To us,…  Read more

It’s no secret that data loss can be a costly nightmare for a small business, with recent estimates citing the total cost of data breaches exceeding $2.1 trillion by 2019. Unfortunately, cyber attackers increasingly target small businesses because they are less likely to have security protection in place. Accidental loss or loss due to a natural disaster can be just as harmful to a business, with recovery efforts and delays…  Read more

New legislation enacted in February substantially simplifies obligations under the provisional tax regime. Most taxpayers pay their provisional tax at three times through the course of their financial year, being the 28th day of the 5th, 9th and 13th months after their balance date. The ‘standard uplift’ method determines a person’s liability based on a prior year’s tax payable (105% for last year, or 110% for previous). The problem is…  Read more

Increasing efficiency and minimizing costs are essential to running a profitable business. Yet many small business owners waste countless hours on meetings that lack focus, run on too long, and pull staff away from more productive tasks. Follow these seven tips to make your meetings more efficient and cost-effective. What’s your goal? Every meeting should have a clear objective, and a reason the meeting is needed (versus an email or…  Read more

Despite only using Smart Payroll for 5 months now, I have personally found it not only easy to use but really useful and efficient to use compared to other online payroll systems. Let’s be honest, no one really likes to worry about payroll and why should you? Using Smart Payroll has been a breeze and has made the worry go away. By cutting down the time spent on processing payments,…  Read more

It’s that time of year again when it pays to review the entertainment rules over the Christmas season. Let’s look at the tax treatment of saying thanks to customers and staff typically with gifts, wining and dining. 50% deductible entertainment expenses Inland Revenue’s IR268 guide gives the following examples of where entertainment expenses are 50% deductible: Taking customers, suppliers and business associates out for dinner or putting on a function for…  Read more

We are often asked by people who are setting up in business “Which entity structure is suitable for my business?” A typical answer would talk about the options of using a sole trader structure or a trust, but would focus on the asset protection benefits of using a company. Companies are the default trading structure for most businesses in New Zealand, due to the creditor protection benefits and ease of selling…  Read more

Here at The Accounting Hub we are lucky enough to work with Kelly Hunt and the team from Skimming Stones. Skimming Stones is small video editing and TV content production company based in Auckland. Kelly is a highly experienced television producer, director, editor and a proficient camera operator. He produces corporate, promotional, short film and TV work. Skimming Stones is a one-stop shop for scripting, shooting and editing. We have enjoyed…  Read more