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Employee Retention & Attracting New Talent

 

Although they don’t appear on your balance sheet, I’m sure most employers would agree that their most valuable business assets are their team of employees.

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End of Financial Year - What You Need to Know!

 

For many of our clients 31 March represents the end of another financial year. Here are a few key things to remember!

Stock Take

Please remember to count your stock, especially if they are of the grass eating type! It is much easier to count the ones in the paddocks now, than it is to rely on memory.

Manage your outstanding payments & invoices

Still waiting to receive money or have any outstanding bills? Make sure everything is up to date by chasing invoices from customers who haven't paid yet and settle up anything you might owe.

Bad Debts

Bad debts must be written off before you close off your debtors ledger at the end of the financial year.

Is your GST up to date?

If your business is GST-registered, you’ll need to pay any GST you owe at the balance date for the end of the financial year. 

 

If you have any concerns, please ask one of MAQs lovely team members or have a look at Xero's 10-step checklist for further information.

Xero's 10-step checklist for end of financial year in 2024
 

Interest Rates Reducing: How Could This Affect Your Finances?

 

The  Reserve Bank of New Zealand recently reduced the official cash rate (OCR) to 3.75%. What does a drop in interest rates mean for you, your business and your financial opportunities?

Find out more 
 

A Special MAQ Discount For Smartly Payroll

 

Smartly is the all-in-one system for managing payroll and people administration, trusted by over 22,000 Kiwi businesses and proudly supporting them for 20 years.

If you're looking to implement a new payroll system or switch from your current one, get in touch with our team to receive a special partnership discount of $20 off your monthly fee for either Smartly's DIY or Managed Payroll.

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Tax Dates For March 2024 And April 2025

 

Congrats on making it to the end of the financial year! Remember to close your books for 2024 and start fresh for 2025.

Here's another few key dates to remember:

01 April:

  • Overseas-based student loan repayment due if you do not have a temporary repayment suspension. The IRD adds an administration fee to student loans to help pay for some of the ongoing costs of administering the loan
  • Final date for ratio option provisional tax applications.

07 April:

  • End-of-year student loan repayments are due if you have a tax agent with a valid extension of time.
  • 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.
  • Your FBT income year return and payment are due if you have a March balance date and a valid extension of time.
 

MAQ Staff & Social Updates

 

Karen's 20 Year Anniversary 

 

We are excited to celebrate a major milestone with our wonderful administrator, Karen has just marked her 20th year at MAQ!

Karen began her journey with us in 2005, and has become an integral part of the team. Her dedication, hard work, and positive attitude have had a lasting impact, and we are incredibly grateful for everything she has contributed to our success.

Thank you, Karen, for two decades of exceptional service and for being such a valued member of the MAQ family! Here's to many more years of working together.

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Donate Here
 

The Classic 100

 

MAQ is once again participating in Classic Builders, Classic 100 Challenge, where we will be completing 100km over the month of March. This year the funds are being raised for another great local charity 'I Have a Dream', a charity focused on enabling futures for our Tamariki and Rangatahi. 

To help support this great cause, donate to MAQ's Give a Little page. Every $1 invested in I Have a Dream, results in $3.60 being returned to New Zealand in Social Investment.

 

 

Valentine's Day Lunch

 

This Valentine’s Day, MAQ made the most of our new venue by celebrating in the best way we know how - lunch. 

We're continuing to take full advantage of the new space by coming together to share the spirit of the day and take a break with a special lunch (accountants love balance!).

Here's to good food, good company, and a great way to celebrate Valentine's Day at MAQ!

 

 

 
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A Hug So Tight - Holly Melville-Bell

 

One of our fabulous clients has written and illustrated a beautiful and engaging children's book with the intention of helping children (and parents) learn and understand sign language. 

A Hug So Tight was created with the support of Deaf Aotearoa and is the first in series of learning resources to bridge the gap between verbal and non-verbal children.

"Follow Lenny's adventure through the forest as he gets up to mischief, while looking out for the animals as they communicate with you using sign language. At the end of the book use the reference sheet as a easy guide to help include sign language in your everyday life"

Find it Here
 
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