Click on any of the topics here to tap into our resources. If there is anything you would like to discuss, please feel free to contact us.
With the Tax Working Group (TWG) likely to release its final report in late January – a month early – media coverage and public reaction to the polarising tax is heating up. In my view, the consequences of a CGT are far-reaching and potentially massively distortionary.
Effective job scheduling is one of the most important but least understood disciplines of business management.
For most of us the internet is an intrinsic part of our lives. We rely on it to get us where we are going, connect us to friends and family and answer all of our questions, no matter how banal. It has also quickly become an integral part of most businesses, enabling them to complete business transactions in mere minutes as well as connect to their customers and a global network.
UX (User Experience) is at the heart of every good design. It’s the difference between your customers groaning in wretched frustration, or grinning with enjoyment; with them shaking a defeated fist at your site and hastily clicking away from it, or completing a satisfying purchase and wanting to return for more.
Christmas is here and more than anything, it’s usually referred to as the season of love. Love is expressed by giving, and many employers hope to express this love to their employees by giving gifts.
Business negotiation is a world of contradictions. You’ve got to be firm but flexible open and sharing, but a little cagey. There’s a lot to get your head around. But your state of mind might be the most important thing. Aim for a mutually beneficial outcome, and you’ll find the whole exercise more comfortable. Follow these five tips to prepare for your next negotiation.
When a customer asks you for a quote, they're giving you a golden opportunity. With the right response, you can close the deal quickly and win new business. Here's how to make the most of price quotes.
Offices used to be essential for most businesses. But mobile technology and new working practices mean that many small businesses don't need any office space. Here's what you need to know about having a mobile office.
Contrary to what you've always been told, thinking negatively can very much be a good thing.
Under recently announced changes to GST on low-value imported goods, offshore suppliers will now have to collect and return New Zealand GST on goods valued below $1000 that are sold to consumers in New Zealand.
Draft legislation is expected to be introduced to Parliament this month and once enacted should apply from 1 October, 2019.
Some benefits of social media and content marketing are normally inaccessible for small businesses and startups because:
Owning a small business is exciting. You get to do what you love, day in, day out. But traditionally, small business accounting isn’t exciting. So how can we change this stereotype and make accounting fun and easy?
Do I even need my Trust anymore? This is a question that comes up regularly with my clients. Sometimes the answer is - no you don't. Trusts can be expensive, they take time and energy to run and if you don’t have a good reason for it – then get rid of it.
The $20,000 instant asset write-off threshold has been extended to 30 June 2019. This means you can continue to claim the cost of new or second-hand assets that are less than the threshold of $20,000.
Email is a notoriously fickle channel. Something as simple as tweaking the subject line can be the difference between an 8 percent or an 80 percent open rate.
A few weeks ago, the new shiny iPhone XS entered the market. For all the Apple lovers out there, this might mean being the first to wrap your hands around the irresistibly smooth all-glass design, or finally upgrading your old glitchy iPhone 6 to the new model.
If this is you, I’m guessing you’re focused on the opportunity to start afresh, buy a new case, clear all those apps cluttering your current device, and start playing with its new features. Right?
Construction is unlike any other business. Building projects can last for months or even years – and you might be both an employer and a contractor. So how do you learn the basics of construction accounting?
Successful businesses spend that little bit of extra time on record keeping and getting their tax right, including preparing and lodging business activity statements (BAS). Once set up and organised, you’ll save time in the long run.
Want to peek into the mind of your ideal customer and find out how they engage with social media video? How they are interacting with brands via video? How are they purchasing?
Take a seat, because in this post we break down exactly how customers are watching social media video and more importantly, how they are purchasing from video.
And it’s all based on data and research, so you can start using this intel now, to get results in your business.
We equate being busy as being virtuous. When we’re maxed out, it feels safe. It must be productive. (Or is it?) It’s a badge of courage, honor or something …
Cloud computing got you perplexed? You’re not alone. Most of us talk about ‘the cloud’ without even realising what it really means. We’re clearing the air on cloud computing and how it can benefit your small business.
The Labour-led government has resurrected its old R&D tax credit and given it a new set of clothes.
The government’s goal is to increase New Zealand business R&D spend from its current 1.28 percent of GDP to two percentover the next 10 years (the current OECD average is 2.38 percent).
When it comes to GST, charities and non-profit bodies (NPBs) are often favoured compared with other taxpayers. NPBs can claim GST on most of their expenses, which is often greater than the GST they have to return on the on the goods and services they sell. This means they often receive GST refunds.
Inland Revenue (IR) is is now planning to close a loophole that enables NPBs to claim GST on goods and services purchased, while not having to return the GST if these goods and services are later sold.
One thing I see from time to time when a client decides to sell their business is a surprised look when I tell them that sadly no, you won’t be selling their business for mega-bucks. People sometimes have pie in the sky assumptions about what their ‘baby’ is worth and that often blinds them from the reality that there can be things in their business that are real road blocks to getting top dollar.
Anticipating future demand is a tough job, wrought with ways you might go wrong. Proper demand forecasting and inventory control can save a company from buying too much or too little of something, which of course avoids expensive overstock scenarios or stockouts.
Offers for grants worth over $3.5 million will support 7 businesses to help launch their innovative products, processes and services into domestic and international markets.
The funding has been provided from the Accelerating Commercialisation element of the Entrepreneurs’ Programme.
We no longer need studies to tell us: Smartphones are almost everywhere. Most of the customers coming through your doors have a mobile device with them. And these devices aren’t always shoved in pockets or bags — shoppers are using them while they’re in store too.
There’s literally hundreds of blog posts giving you the 7-10 steps to reduce debtors and improve cashflow. Yet the debtors problem still exists to some extent in the majority of small and medium size enterprises (SMEs) globally.
Over 100 accounting/bookkeeping, marketplace and banking partners across Asia joined us in Brisbane this year to attend Xerocon, the most innovative conference for cloud leaders in Asia, Australia and New Zealand.
Too often businesses leave collecting debts at the bottom of the pile. Why? Often there is anxiety and worry around the process, or lack of trust in collection agencies. Sometimes lack of time and understanding of the process.
Clichés. Can’t live with them, can’t live without them. (See what just happened there—it’s that bad).
The most widespread, just-waiting-to-pop-out-at-you, cliché is a very short one, measuring just three words—time is money.
The homepage is the most important page of your business’s website. It is the virtual shop front to your business, providing your customers a first impression of what you have to offer. You only have seconds to grab your customer’s attention so it is key to make sure that they can find what they’re looking for quickly and easily.
During the Christmas holiday season, businesses of many types employ seasonal or casual workers to meet extra demands. Often these workers are hard-working young people who have travelled from overseas, bringing with them their own language and culture. This international melting-pot makes for a fun and productive work environment, although it can also present challenges.
Tax time is fast approaching—it’s important to do your homework and know exactly what tax deductions you can claim.
From 1 April 2019 employers will be required to file their employees’ payroll information with Inland Revenue in respect of every payday.
Currently, employers file their employee payroll information with Inland Revenue once a month on the IR348 Employer Monthly Schedule.
A new Bill introduced into Parliament proposes to make tax easier and simpler for individuals as well as including a raft of business-friendly changes.
The headline-grabbing change is that the new legislation will mean automatic tax refunds for around 750,000 New Zealanders, according to the Minister of Revenue, Stuart Nash.
For those who have investments in forestry, it’s timely to consider the legitimate opportunities available to manage your tax bill when the harvest income finally starts to roll in.
With average log prices tracking above the three-year average, investors are earning significant lump-sum amounts of income as the stands are harvested and sold.
Shhh. Keep it down. I don't want everyone to know. I’ll just tell you if you can keep it to yourself.
There's a sure fire way to pay next to no tax and I'm going to tell you how. For free. No complicated structures, tax havens or offshore entities required.
You might not understand it at first. But I'll try to keep it simple.
Going into business with someone is just like a marriage. It’s helpful to agree on stuff up front. Finding out 6 weeks in that your wife doesn’t want kids - problematic. When she invites her mother to stay 3 months without checking first – not ideal.
A new method is available to calculate how much of your home office costs you can write off for tax purposes.
The new method will often give a better result than the old method. It is also faster and easier to apply and calculate.
The new method is not compulsory and tax payers can still use the old method.
Where taxpayers use their motor vehicle for both business and private purposes, the kilometre rate method has been one of two permissible methods used to calculate the expenditure that is deemed to relate to the business use of the vehicle.
The second method is to use the actual costs of running the motor vehicle, this method being known as the “cost method”.
To own or to rent your business premises? That is the question.
There are advantages to owning your business premises over renting, but also potential disadvantages. On the upside, there’s the obvious benefit of paying an amount you would have otherwise spent on rent off against a mortgage used to fund the building – a compulsory savings scheme for you and your business.
Part of purchasing a business means thinking about what you are going to end up with after you settle. Are you going to buy the shares of the company that owns the business – or will you just buy the assets of the company plus some goodwill? Most transactions in the SME space are asset and goodwill sales, rather than share sales and I’ll go over a few reasons for that.
Due diligence. DD. You've probably seen those words somewhere on an accountants' website. DD is to buying a business what inspecting the roof and moisture testing is for buying a home. You don’t want just anyone doing it – if you’re putting your capital into a business you want to get it right from the start.
At Ingham Mora we are always looking for ways to make our clients' lives easier. Our latest initiative is Receipt Bank, a tool which allows a more automated book-keeping workflow and tackles specific compliance problems in a cost effective manner.
Security while online is a priority. Check out some security alerts from IRD and XERO so you can stay safe online.
Family trusts can be a highly effective mechanism to protect assets, create tax flexibility and provide for inheritance and succession of family and business assets.
However, change is upon us with the proposed enactment of the new Trusts Bill.
Join the Ingham Mora team for beverages, canapes and an informal family trust seminar series.
The government is intent on shaking property speculators from the residential property market in an attempt to level the playing field for owner-occupier home buyers.
The latest weapon under development in the government’s arsenal is the proposal to ring-fence or quarantine any losses residential property investors make.
According to Stats NZ’s latest Business Operations survey, 40 percent of businesses cite cost as the main barrier to innovation in New Zealand. Lack of management resources and not having appropriate staff followed closely behind at 38 percent and 31 percent respectively.
A new financial and social paradigm is upon us with the rise of cryptocurrencies, initial coin offerings (ICOs), and other emerging blockchain applications and technologies.
The Tax Working Group – established by the government to examine improvements to the fairness, structure and balance of the tax system – has released its background paper summarising the current system and calling for submissions.
Office Hours is your opportunity to spend time one-on-one with local, professional service providers and entrepreneurs who give their time to help you take the next steps to success, making sure you know what you did not know you needed to know.
The Government will extend the 2-year bright-line test for residential investment property sales to a 5-year test.
From 1 April 2018 taxpayers will have a new optional method for paying provisional tax – the Accounting Income Method (AIM).
The IRD has been visiting businesses in the kiwifruit industry as part of an initiative to raise awareness of current issues and improve compliance in the industry.
Just like life, technology moves quickly. Sometimes it’s hard to keep up. It helps to have an accountant who can cut through the ‘noise’ and point you in the right direction regarding accounting software. We would like to share a couple of features from the Xero ‘world’ that will save you time and money. If you haven’t heard of these features before you could be missing out.
A number of our business partners have been warning their clients of an increase in instances of attempted cyber fraud and we also wish to alert you to the potential risks in order to keep yourself and your assets safe from cyber-criminals
What is a Virtual CFO and Does Your Business Need One?
Economic development opportunities are available in Tauranga - watch the video to find out what they are.