In my years practicing in Chartered Accounting firms, few experiences are less enjoyable than provisional tax time. For those unfamiliar with the current system, it involves significant guestimates of future taxes before full-year results are known. The current system also slams underpayers with interest and sometimes penalties while paying a… Read More
Continue ReadingQ2 held a free ‘Xero for Beginners’ training workshop on Thursday 13th July, where Cam Anderson introduced attendees to Xero functionalities and how Xero can be used in various businesses. Attendees also had the opportunity to ask questions, network and enjoy Q2 hospitality. Thank you again to all those who… Read More
Continue ReadingBudget Alert 2017 Did we expect an easier ride from an election year budget? Yup. And we got it. The 2017 Budget’s bottom line is to boost spending, ease taxes and give some extra legroom to our growing population and economy. The 2017 Budget combines tax breaks for working families… Read More
Continue ReadingFew industries escape technological disruption. The rapid pace of technological change allows savvy businesses to work smarter, create real differentiation in a crowded ‘me too’ market place, and continually reinvent themselves. Just like the singer, Madonna. Our business has just completed a complete restructure. Faced with the choice of evolving… Read More
Continue ReadingFor the 2017 tax year (1 April 2016 to 31 March 2017), the mileage rate for both petrol and diesel fuel vehicles has increased to 73 cents per km. This year IRD are also able to set mileage rates for hybrid and electric cars. The 2018 mileage rates for these… Read More
Continue ReadingFrom October 2016 we now have to pay GST on ‘remote services’ supplies from overseas vendors that were previously not subject to New Zealand GST – the so-called Netflix tax. Businesses in the 28 member states of the European Union already have to charge VAT at the rate applying in… Read More
Continue Reading