Category: Uncategorized

Office Parties – Deductible or not?

Office Parties – Deductible or not?

Party party party!!! Are you planning a Christmas function for special clients and/or suppliers and business contacts?  Be aware that this will come under the entertainment regime for purposes of tax deductibility. Any expenditure on food and drink that your business...
Handling Retail Sales in Xero

Handling Retail Sales in Xero

So you have a retail outlet and are using Xero to manage your accounting.  Great start.  But in retail you have a number of settlement issues.  There are sales on account, customers may pay on account over the counter, EFTPOS (debit cards) and various credit cards may...
Evaluating employment changes

Evaluating employment changes

A new report by the Ministry of Business, Innovation and Employment looks at outcomes of key changes to employment law made in 2011 to see if they are working as intended. What the changes were meant to do The broad aims of the changes were to: • reduce compliance...
Minimum Wage heads up

Minimum Wage heads up

After the government increased the minimum wage rates earlier this year, it made a further amendment to the Minimum Wage Order, issuing a new fortnightly rate. The fortnightly rate is $1,140 for adult employees and $912 for starting-out workers and trainees. If you’re...
Update on Changes to Financial Reporting

Update on Changes to Financial Reporting

You may have heard about changes to the financial reporting legislation. In the short term, many people are finding it a bit hard to work out how or whether the changes affect them. The requirements are changing for some businesses that used to have to file financial...
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