by Peter McCarroll | Jul 24, 2020 | Uncategorized
We know small business owners are at varying points on the technology spectrum. Some have embraced technology to operationalize a majority of their operations while others have continued to manage with minimal technology intervention for a variety of reasons. The...
by Peter McCarroll | Dec 31, 2019 | Uncategorized
So let’s start by looking at these two options at the most fundamental level: Dividends are a return on equity. They are paid to shareholders as a distribution of profit. Salary is a return on labour. It is paid to employees for their time and expertise contribution...
by Peter McCarroll | Dec 30, 2019 | Uncategorized
IMPORTANT: This post is specific to Canada. If you are not a Canada business/taxpayer then it is probably not applicable to you. Many Canadians support non-profit organisations through Charitable Contributions. But as a business owner, which is the most tax-efficient...
by Peter McCarroll | Apr 4, 2017 | Uncategorized
IMPORTANT: This post is specific to New Zealand. If you are not a New Zealand business/taxpayer then it is probably not applicable to you. Last month I wrote about things that you should do BEFORE 31 March that could save you time or tax. This month I will highlight...
by Peter McCarroll | Aug 15, 2015 | Uncategorized
Fuel Accounting is pleased to announce that its founder, Peter McCarroll, was awarded Xero’s “Most Valuable Professional” Award at XeroCon 2013 (Auckland). Peter’s award was for his contribution to the Xero Community where advisors and Xero staff respond to question...
by Peter McCarroll | Jul 29, 2015 | Uncategorized
One of the allures of cloud accounting is that it makes keeping your accounting records more accessible. Entering payables, managing receivables, and reconciling your bank account are now effortless. It does make you wonder whether you even need an accountant or...
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