Background While most employers now use payroll software, there are still some businesses keeping manual wage records. Modern payroll software is simple, reduces time and errors, and takes care of laborious and complex payroll calculations. IRD introduced “Payday Filing” in April 2018 and will make it mandatory from April 2019. … Read More
Continue ReadingI love how technology makes some daily tasks faster and relatively effortless. Intuitive accounting software, online banking, smart whiteware, an unlimited digital library, online shopping… my list is long. Criminals also love technology. Some use technology to execute their crimes via identity theft, or ransomware where businesses lose access to… Read More
Continue ReadingAs promised the new Government has made few tax changes for 2018 to the current system, but if re-elected will have a mandate for what we expect will be large scale change to the tax infrastructure. Here is the snapshot of recent changes: Holiday Pay paid within 63 days From… Read More
Continue ReadingTax simplification is IRD’s stated goal, aimed at reducing compliance costs. But is it saving us money and improving business cashflow? There is no doubt that capturing and coding business data is faster and more convenient than ever before, but there are unexpected consequences. Cloud Accounting Technology Technology has been… Read More
Continue ReadingThe much hated ‘owner’s basis’ calculations required since the LTC company regime started in NZ in 2012, are about to change. This is good news for the many LTCs now in existence and their accountants! Up to and including the 2016–17 income year, the tax deductions available to owners of… Read More
Continue ReadingWhen your accountant calls to let you know that your accounts are finished, how do you feel? Do you go ‘whippee’ now I can review in detail how I did this year, where the problem areas of my business are and how I can improve? Or perhaps you just look… Read More
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