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newsletter                                                               29/01/2025

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February to April 2025 Tax Deadlines

Remembering the filing and payment deadlines for your business can be challenging. And forgetting about upcoming tax payments can seriously disrupt your cash flow planning. We have summarised tax deadlines coming up from February to April for you to prevent you from missing any deadlines and facing a penalty.

 

07 Feb

  • Your FBT income year return and payment are due if you have a March balance date and no extension of time.
  • Your end-of-year income tax and working for families bills are also due if you have no extension of time.

 

28 Feb

  • Provisional tax payments are due if you have a March balance date and use the ratio option. 

  • AIM instalments are due if you have a March balance date. 

  • Your GST return and payment is due for the taxable period ending 31 January. 

 

28 Mar

  • AIM instalments are due if you file GST monthly and have a March balance date.

 

 

7 Apr

  • End-of-year income tax and Working for Families bills are due if you have an extension of time to file your income tax return. 

 

Make sure to plan for your tax obligations in your monthly cash flow forecasting. Reach out to your Walker Wayland Accountant if you need to review your forecast and look at options.

 

For the full list of key dates click on the button below.

IRD - Key dates
 

End of Year Function

Walker Wayland’s year-end function was a fantastic success, blending team-building with friendly competition! The day kicked off with teams being formed for a fun-filled outing at a local golf driving range. Our staff showcased their skills in games like the Longest Drive challenge, adding a touch of excitement and camaraderie to the event. After some impressive swings and plenty of laughs, everyone gathered for a well-deserved lunch at the golf course, enjoying great food and even better company. It was a wonderful way to celebrate our hard work over the year while fostering team spirit in a relaxed and enjoyable setting. Here's to another year of success and teamwork!

End of Year Function Survey

It is now less than 10 months until the next silly season, and so time to start thinking about what you should do for your 2025 end of year function.

Walker Wayland is once again at your side to help you with crowd pleasing ideas for your next function. We have prepared a quick survey for our readers to complete about their recent end of year function. We will be sharing the results of this in the next newsletter, giving you plenty of time to get things booked.

Take the Survey
 

Latest Xero Updates

Fixed assets

 

You can now attach purchase invoices, warranties, service records and other documents against assets.

 

Xero Analytics Plus

 

Have you been curious about adding cash flow forecasting and business intelligence to your business planning but unsure where to start? Then Analytics plus may be the product you have been looking for. And the best part is that it can be added to your existing xero subscription for $10 a month.

 

This enables you to use the invoicing,  bills and other information already in xero to forecast cashflows up to 90 days in the future. Xero will then look for patterns and make predictions about your future cash position.

 

Once set up, Analytics plus can use this data to generate an easy to read dashboard showing relevant metrics such as debtor days, projected profit and loss and financial performance ratios.

 

If you would like to try Analytics plus or would like to discuss how it could help your business feel free to reach out to your friendly Walker Wayland accountant. Or have a look at the link below. 

More info on Analytics plus
 
 

Drive 4 Hearts

One of our clients leads a team in heart research. Look at what he is about to undertake! This is a must read for classic car enthusiasts.

 

Your new favourite summer cocktail – the gordon’s cup

2oz gin

¾ oz sugar syrup

4 thick slices of cucumber

1 whole lime

 

slice and muddle the cucumber & lime in a cocktail shaker

add the gin & simple syrup

shake with ice

strain into a short glass with 1x large ice cube

garnish with pepper and thin cucumber slices

 

Note: to make sugar syrup, simply add 1 cup of white sugar to 1 cup of boiling water and stir until dissolved (chill before using)

 

enjoy 😁

 

 

We’re stoked to feature our client, Brewaucracy, in this month’s newsletter! They’re a craft brewery and taproom down in Hamilton. They have a 4.9 star rating out of 310 Google reviews, so it’s safe to say they’re kind of awesome. Owner Greig has provided some insight into the business, and we’ve linked their socials for you to check out below.

 

My name is Greig, and Brewaucracy was born from my love of beer. Having fallen in love with it, learned all about it, travelled for it, and even helped found a consumer organisation (SOBA - now sadly defunct) to promote it, brewing it seemed almost inevitable. Luckily for me, I didn't have to take the daunting step from home brewer to commercial brewer alone. Phil and I had been friends for a while, and shared a love of the final product. Phil's sage business advice and head for numbers was extremely useful in getting our little brewing enterprise off the ground, and his continued wisdom, calm head, and friendship has been instrumental in us still being here after all the challenges of the last few years. 

 

The craft beer market in New Zealand has undergone a radical transformation since we opened our brewery and taproom. Demand has decreased, partly driven by COVID and associated changing habits, partly by a changing demographic that seems to drink less, and partly by craft beer maturing to the point where we brewers can't just rely on being new and cool to sell beer anymore. Brewaucracy was sized for a market that no longer exists - we are set up to produce around one to two thousand litres per week, and that was designed to mostly go to market as keg sales to bars, with our taproom being a small part of that. With the exception of a few well-capitalised larger players, the market has "localised", with people preferring to drink at the brewery, and margins for packaged product sold offsite being razor thin. As a result, we produce "only" around twenty-five to thirty thousand litres per year - roughly one batch every two weeks. If I were to starting a brewery today, I'd size accordingly, producing smaller volumes of a larger range of swifter rotating beers, having two or three locations, and selling at more of a premium.

 

As a brewery and taproom, we turn seven years old this year, and while the industry has taken a beating and we're not as profitable as we had hoped, we are at least still here and much loved by our local community, and Phil and I are very proud of that. Cheers!

 

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