Accounting and Tax

If you want to do well as a small business owner, it would help you if you could understand the basics of how to read a balance sheet. The balance sheet is an indispensable part of a business accounting information and is essentially a snapshot of a company at a specific point in time. The […]

I am often asked what the difference is between a margin and a mark-up.  They actually refer to the same thing and it really depends from what perspective you are looking at.  A margin is the difference between the cost of your product and how much you sell it for.  Mark-up is the amount you […]

Do you know that you could actually obtain financial assistance from the government if you outsource your payroll tasks to an accredited payroll services provider?  This government assistance is more popularly known as the PAYE subsidy that especially favours small employers like you.  If you are not taking full advantage of the PAYE subsidy, then […]

All New Zealand domiciled companies must have a registered office, as well as an address for service, where legal documents can be delivered to the company.  Both addresses must be notified to the Registrar on application for incorporation. The registered office must be a physical New Zealand address, not a postal box or accommodation address.  Normally […]

No matter how small your business or how terrible your cash-flow is, an accountant is one professional you cannot afford to be without. Accountants provide services that go way beyond frantic, last minute tax returns; or at least they should do. They are highly trained professionals who can be a tremendous benefit to your company. […]

There you are, running around in small circles with deadlines to meet and bills to pay.  Can you really afford the time required to produce a detailed budget?  Isn’t your time better spent generating revenue? Yes and no. To paraphrase Alice and the Cheshire cat: “If you don’t know where you are going, you are […]

Book-keeping makes your paperwork easier.  It provides a system that tells you – and your accountant – exactly what is going on. Whether you use a manual or computer-based system, the same principles apply.  It is worth deciding if you are going to computerise your accounts at an early stage.  While a traditional paper-based system […]