While the team at Munro Benge has been busy working on your accounts, we’ve also made time for some learning, connection and fun over the past few months.
Highlights and activities included:
Supporting Pink Shirt Day – Anti Work Place Bullying
There was an in-house training session on public speaking followed with the team undertaking presentations on aspects of our work to each other.
The FIFA World Cup was enjoyed with various activities including workspace decorating and culminating in a shared lunch reflecting the nations that participated.
We had a mid-winter activity for the whole team
In this edition, we share practical information to help you better understand your financial reports, manage your cash flow and keep on top of your business and tax obligations.
Shane, Shanan and the Munro Benge team
Understanding Your Financial Statements
Your financial statements tell the story of how your business is performing—but only if you know what to look for.
Our three-part guide explains your Profit and Loss Statement, Balance Sheet and Cashflow Statement in plain English, helping you understand what the numbers mean and how you can use them to make better business decisions.
Follow the links below to explore each statement and gain a clearer picture of your business’s financial health.
What are fringe benefits - and what are the tax implications?
Offering employee perks such as company vehicles, health insurance or subsidised meals can be a great way to attract and retain talented people—but they may also create fringe benefit tax (FBT) obligations for your business.
In this article, we explain what fringe benefits are, the potential tax implications, and what employers should consider when putting together a benefits package.
Keeping your tax and expenses in check when you are self-employed
Being self-employed means balancing client relationships, marketing, administration and the work itself—all while keeping your finances under control.
In this article, we cover some practical ways to stay on top of your expenses, understand what you may be able to claim, and set aside enough money for tax, holidays and quieter periods.
We’ve recently updated our Master Terms of Business to ensure they remain current and reflect how we work with you.
We encourage you to take a moment to review the updated terms on our website. If you have any questions, please get in touch – we’re always happy to have a conversation.
Munro Benge House
104 The Terrace, PO Box 1400 Wellington 6140 Reception: +64 4-472-7465
Disclaimer: This publication has been carefully prepared, but it has been written in general terms only. The publication should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.
