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From Learning to Earning: A Skilled Workforce for a Stronger Business

With the incorporation of new roles and responsibilities, skill requirements, and tasks, change is inevitable in any profession.   In an ever-changing economy and as new technologies emerge, many professions are undergoing profound restructuring. The financial industry, for instance, has undergone a significant transformation over the past decade with the rise of online banking and […]

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Cashflow vs. Profit: Why Cashflow Reigns Supreme

As a business owner, whether you are just starting out or have been in business for a while, you know that running a successful business requires more than just passion for your product or service. It also requires a solid understanding of financial reporting. Running a business without financial reporting is like a ship without […]

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Turning Business Setbacks into Momentum

As a business owner you are bound to make mistakes. It is part of the process, just as it is part of life. However, it is imperative to understand that how failures are dealt with determines whether they lead to success or failure, and whether unnecessary mistakes can be prevented from being made. Even the […]

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A testament to the resilience of small businesses in New Zealand

As the economy has reached the peak of the cycle, businesses have had to adjust their strategies to stay afloat. However, Kiwi small businesses have managed well so far to readjust to this shifting economic climate, navigating accordingly. Those that have been able to adapt and change with the times have been the ones that […]

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Small Business Cashflow Scheme update

On 21 March 2022, the Small Business Cashflow Scheme (SBCS) loan amount increased to $20,000 (from $10,000). The scheme was originally introduced to support small to medium businesses and organisations struggling with a loss of revenue due to COVID-19. The eligibility criteria have not changed. Your business must have: no more than 50 full-time equivalent […]

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Charities Act changes to benefit NZ Communities

Following a comprehensive review of the Charities Act, the Government is moving ahead with changes to modernise the legislation that will increase transparency for the public, improve access to justice services and reduce the burden on smaller charities.  The review of the Charities Act commissioned by the Government was led by the Department of Internal […]

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Offshore Tax Transparency Compliance Focus

Press Release: Inland Revenue Department   Inland Revenue has released its compliance focus on offshore tax transparency, together with guidance to assist tax agents in complying with the international rules. The compliance focus highlights the extensive international exchanges of information taking place as well as the new intelligence tools being used in tracking down people who […]

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Understanding Your KiwiSaver

Started in July 2007, KiwiSaver is a voluntary retirement savings scheme to help you save for your future.  Available for all New Zealand citizens and permanent residents living in NZ, it is run by independent providers who you choose to manage your savings.  These providers invest their members’ KiwiSaver funds to make a greater return […]

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Bookkeeper vs Accountant?

  As a small business owner, you know the importance of having someone take care of your finances, especially when doing taxes.  Let’s face it, you started your own business to do what you love, not be bogged down with figures and numbers. So, have you ever wondered what the difference is between a bookkeeper […]

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Understanding your tax code

We’ve all heard the old adage ‘there are only two things certain in life: death and taxes, and while trying to understand your taxes might feel like it’s sending you to an early grave, fear not, we here at Accountants Plus are taxation specialists.   To help you in the first step of understanding taxes, […]

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What does inflation mean for me?

  We’ve been hearing the word inflation used a lot over the past few months, but what does it actually mean and how does it affect you and me?  You might think that inflation just means things cost more, and in simple terms that is correct.  The problem arises when your income doesn’t rise in […]

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COVID-19 Tax Assistance

  Tax time is just around the corner and this last year hasn’t exactly been an easy one for most NZ businesses.  What with lockdowns, supply chain issues, and inflation, it’s nice to know that the Government understands the effect that COVID-19 has had on small businesses and is providing tax relief and income assistance […]

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The Dos and Don’ts of Discounts

  Everybody loves a deal, don’t they?  We’ve made it through Christmas and the Boxing Day sales, next up is the New Year sales, followed by Waitangi Day deals, then Valentines Sales, the list goes on.  It almost seems like consumers would be crazy to pay full price for items when they can just wait […]

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Slowing Down for Summer

  Unless you’ve got a business that caters to the holiday herds, chances are you’re going to notice a slowdown of activity from Christmas through to as late as the end of February.  So how do you protect yourself against the inevitable summer slowdown?  Read on to discover some useful tips and strategies on planning, […]

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Cloud-Based Accounting & Why You Should Already Be Using It

  So what is cloud accounting?  Simply put, cloud computing is the delivery or availability of computing services via the internet.  It could be for such things as storage services, software, analytics tools, or accountancy services. It gives users access to accounting technology on a subscription basis – you pay a monthly or annual fee, […]

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Is It Time to Spring Clean Your Finances?

The clocks have changed, flowers are blooming, lambs are skipping, and the mercury is rising; all signs that spring is in the air.  Tradition tells us that this is the time to have a good clean-up and clear out of your house, but what about dusting off the proverbial cobwebs from your finances? Setting aside […]

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