![]() April 2022 Newsletter
![]() Benefits of eInvoicing
With eInvoicing, businesses no longer need to generate paper-based or PDF invoices that have to be printed, posted or emailed, and buyers no longer need to manually enter these into their financial system. It improves accuracy and security, reduces process time and speeds up payments. By adopting eInvoicing, your business has the opportunity to share in the following benefits:
![]() End of financial year: What we need from you
It’s end of financial year – time to start thinking about your annual accounts. What do you need to pull together so we can get it right and help your business succeed?
![]() End of Year Tax Checklists
A selection of 2022 business and personal checklists that assist you in gathering the necessary information for us to complete your financials.
![]() Our Audit Shield Master Policy: No one wants to be audited and we have no reason to suspect you will be. However, even with 100% accuracy accountants and their clients can still come under scrutiny by Inland Revenue (IR). It is for this reason that we provide the Audit Shield Master Policy. Even the simplest enquiry can require hours of work. The list is extensive as to what is covered under our Audit Shield Master Policy. Income Tax, GST, PAYE, Fringe Benefits Tax, Employer Benefits, Dividend Withholding Tax and Resident Withholding Tax are just a few inclusions of the comprehensive offering. Anyone can be targeted, even if their lodgements are accurate. It is no reflection on the quality of work from your accountant. With this in mind, we offer you the opportunity to protect yourself with our Audit Shield Master Policy.
The top five reasons people choose to participate in our Audit Shield Master Policy: Reputable provider – More than 3500 accounting firms across New Zealand, Australia and Canada trust Audit Shield, and offer it to their clients. It is tax deductible – A bonus of our Audit Shield Master Policy is that you can add it to the list of your tax deductions each year if you are in business or are self-employed. You are comprehensively covered – All of your current and previously lodged returns are covered by our Audit Shield Master Policy, even if you had another accountant taking care of your tax affairs in the past. There are no unplanned fees – Where there are adjustments required to your lodged returns, our Audit Shield Master Policy will cover the cost of the professional fees, including specialists we may need to engage to assist us on your behalf. It is simple – In order to be covered under our Audit Shield Master Policy, all you need to do is complete the Client Acceptance Form that we emailed to you recently. Instructions for payment are provided on this document. If we inadvertently forgot to contact you please speak with us.
Interested? ![]() Coping with the skyrocketing cost of living
Household living costs are skyrocketing and seem set to keep rising throughout the year. Here are our 12 top tips for coping with the rapidly increasing cost of living – ways to earn more, spend less, and invest in your future.
![]() 6 secrets to getting prompt payment
Keeping positive cash flow is really important for a small business. Late payments can cause big issues, so stay on top of your invoicing with a proactive strategy. Sometimes it just takes a phone call.
![]() Business Tips: Setting KPIs and measuring performance
Do you know which startup metrics and key performance indicators (KPIs) to track? We’ll help you set up a custom KPI dashboard to manage the future path of your business
![]() Time is money - make the most of it
If time is money, don't let it slip away. Four tips to help you re-set and prioritise productivity
![]() Overseas income and tax – don’t get caught out!
If you receive income from overseas sources, sometimes working out the tax can be tricky. Here are five points to consider.
![]() Business tips - Scaling up your business and workforce
Is your startup ready to scale up? We’ll help you build a viable scale-up plan, with costings, budgets and achievable targets to meet.
![]() Navigating the new world office
As the workforce undergoes digital transformation, what impact do the new ways of working have on your business?
![]() Understand how Hubdoc works
Hubdoc is a data capture tool which extracts key data from documents, then creates transactions in Xero. You can:
Email bills and receipts straight into your Hubdoc organisation
Use the mobile app to upload a photo
Set up automated connections so every time you get a bill from a particular supplier it goes straight into Hubdoc
As soon as Hubdoc receives a document, it extracts the key data such as contact, date and amount. When you publish the document, Xero creates the invoice, bill, credit note, or spend money transaction with a copy of the document attached.
You can set up Hubdoc to automate every step, so all you need to do is reconcile the transaction against your bank statement line in Xero. This is particularly useful if you get regular bills from the same supplier.
Hubdoc also stores documents so you don't need to keep paper copies of bills and receipts. You can organise the documents in Hubdoc using tags and folders, or send them to another cloud storage system your business might use, such as Bill.com or Dropbox.
Like Xero, you can invite your accountant, bookkeeper, or team member into your Hubdoc organisation, and decide how much access you want them to have.
Accountants Hawkes Bay Limited 27A Austin Street Napier +64 6 8434868
Accountants Hawkes Bay Limited 120 Karamu Road North Hastings +64 6 8434868
Accountants Bay of Plenty Limited 1179 Arawa St Rotorua Phone +64 7 3436452 |