Cashflow is the lifeblood of any business but one of the most difficult things for business owners to control.
Author Archives: DiCE
Expect an ACC for Employers invoice 9th July.
The ACC levies have been set by regulation for the 2019-20 and 2020-21 tax years. For both tax years the earners’ levy remains the same at $1.39 (GST-incl) per $100 liable earnings. The minimum liable earnings for self-employed workers increases … Continued
Accountants and Bookkeepers fall under the Anti-Money Laundering and Counter Finance Terrorism legislation as of 1 October 2018 which means more compliance activities are going to be required when agreeing to work together. The requirement is to verify identities of those … Continued
From the desk of The Commissioner of Inland Revenue. The Commissioner has issued a new Operational Statement 18/01 – Commissioner’s statement on using a kilometre rate for business running of a motor vehicle. This … Continued
It seems the speaking circuit is calling lately with invitations to speak at a few different events coming forward. I feel very honored to be asked and extremely nervous at the same time. Hearing stories of peoples business journey is … Continued
Employers must make deductions for PAYE, ESCT (employer superannuation contribution tax) formerly SSCWT, student loan repayments, child support and KiwiSaver contributions when required, from any payments made to employees. Failure to do this is a serious offence and can … Continued
It pays to get those employment contracts right and ensure minimum contractual requirements are meet when hiring staff. From the Ministry of Business, Innovation & Employment 5 April 2018 A Christchurch business owner has been banned from hiring staff for three … Continued
Bookkeepers and business owners have been on pin cushions this last weekend with the IR being closed for the latest on the business transformation project. On 17 April, improved myIR online services went live, “making tax simpler for you”. The latest improvements … Continued
Our journey started just over 15 years ago. I was a solo mum with 2 wee girls aged 8 and 5, one of who had some pretty big health challenges. I was working 20 hours a week for MFISH and … Continued