Fringe benefit tax (FBT) is tax payable on non-cash benefits provided to employees including shareholder employees. It is separate to income tax and charged according to the taxable value of the fringe benefits provided. Employers can make a deduction on [read more...]
With financial year end coming up soon, now is a good time to tidy up the books and review. But it shouldn’t just be about the numbers, it’s also a good time for a mental health check-in for staff and [read more...]
For some people, early retirement is a choice. For others, it’s a necessity. If you are running your own business, a retirement plan is probably the last thing on your to do list. Regardless of which group you fall into, [read more...]
Many entrepreneurs start their business with the goal of earning an income for themselves, but they often think of the business only in terms of them running it. In truth, there is a huge benefit to starting a business either [read more...]
Knowing what and how much to claim in expenses on your Income Tax Return or financial records is probably more important than you imagine. Read on to find out more. Legitimate expenses lower your taxable income If you own a [read more...]
When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do, ie, your chargeout rate. Charge too much and you could scare away potential [read more...]
As a business owner there maybe several times when you need to access financing. It may be in the early stages of your business, when start-up costs for offices, equipment and employees must be covered. Or it may be later [read more...]
The end of year parties have started and the Christmas tree is up. 2020 is, finally, nearly over. However, before you open the champagne, have you made your staffing plans for the holiday season? Many of you will have your [read more...]
As a lawyer, doctor, surveyor, IT specialist or other professional business owner, the task of accounting for your specific industry can take you out of your comfort zone. Not only do you require basic accounting services, but you need expertise [read more...]
All businesses need accounting services, however an astonishing number of business owners are attempting to manage accounting on their own. Now the good old ‘Kiwi DIY’ attitude has its place, but with all due respect, professional accounting practices are not [read more...]
