Inland Revenue takes a tough stance on employers who ignore their PAYE obligations by treating employees as contractors. Make sure you are keeping good records and are clear on your obligations.

#employers #SMB #tax

The North Island Weather Events (NIWE) Primary Producer Finance Scheme aims to help North Island land-based primary producers that have been severely impacted by the North Island Weather Events in early 2023.

The Scheme is open for applications and Expressions of Interest for 6 weeks, from 31 July to 8 September 2023.

Speak with Trish if  you need assistance with an application.

Buying an investment property? New builds are usually a bit more expensive, but they come with some financial advantages for property investors – a lower deposit, loan interest deductibility and reduced maintenance costs.

Upgrade your hot water heat pump with up to 50% co-funding

Co-funding is available to support businesses with upgrading to off-the shelf, energy-efficient and low emission equipment.

Hot water heat pumps are the first technology to be funded under GIDI: Clean Tech, run by EECA (the Energy Efficiency and Conservation Authority).

Many of our businesses and organisations currently use fossil fuels (such as natural gas) for water heating, or old, inefficient electric systems.

Air-to-water hot water heat pumps provide an energy-efficient, low-emissions solution to the traditional technology used to produce hot water in commercial and industrial spaces.

Over time, upgrading to more energy efficient systems, like hot water heat pumps, will save your business money and support a more renewable and resilient electricity grid.

Recent changes to GST apportionment and adjustment rules may affect your GST returns. We can guide you through these as well as the changes coming next year.

Sole traders have had an especially difficult few years as inflation surges. We’ve got three tips to help lighten the load for your sole trader business.

We’ve highlighted the business expenses that can (and cannot) be claimed against your IRD tax bill.
#tax #expenses #taxreliefs

How do you know if your business is performing well? Gut feeling can take you only so far. You need to be able to measure your success and to do that, you need to know what to measure.

Is your cost of goods sold (COGS) impacting your gross profit? We’ll help you understand your goods-related expenses and drive a better profit margin on your products.


#businessadvice #COGS

A crucial part of ensuring employees reach their full potential is knowing when someone is ready for promotion. But how can you tell when a person is ready for the next step in the business? This article outlines some key things to look for.