Introduction of new KiwiSaver Bill

POSTED BY admin ON THE September 10th, 2019

The Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill contains proposals to simplify and modernise the administration of KiwiSaver. The Bill proposes a number of changes to improve the administration of the KiwiSaver scheme, facilitating faster transfers of funds, improving the administrative efficiency and enhance members’ experience with the scheme. The implementation of a new […]

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Spring clean your finances

POSTED BY admin ON THE September 3rd, 2019

When it comes to your money, whether it be loans, insurance, savings or superannuation, having a ‘set and forget’ attitude can be detrimental to your long term finances. Checking in on the different aspects that make up your finances every now and then to see if they need freshening up is a good way to […]

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Changes to IRD interest rates

POSTED BY admin ON THE September 3rd, 2019

From 29 August 2019, the interest IRD charges when tax is unpaid or underpaid is increasing from 8.22% to 8.35%. This is often referred to as use of money interest (UOMI) AND applies to most tax obligations such as income tax, PAYE, FBT, withholding taxes and GST. The new rate comes as part of the […]

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Quick fixes to boost email marketing

POSTED BY admin ON THE August 28th, 2019

While email marketing remains one of the most effective platforms for businesses to reach clients on a personal level, it does not always deliver the results you may be after. If you’re finding that email marketing isn’t going as well as you had hoped, here are five simple ways to improve your campaign: Experiment with […]

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Short-term vs long-term financing

POSTED BY admin ON THE August 19th, 2019

Maintaining healthy cash flow can be challenging; between ongoing expenses and bills, poor cash flow can severely impact your customers, staff and bottom line. Business owners need to understand the differences between short and long-term financing when developing a cash flow strategy. There are various sources of financing available, with each being useful for different […]

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Evaluating risks in business  

POSTED BY admin ON THE August 19th, 2019

Business owners are faced with constant challenges and tough decisions to make on a day-to-day basis. Risk-taking is often necessary to achieve more in the business, but owners need to make informed choices to avoid potential damages. To manage risk effectively, a proactive stance needs to be taken in identifying and responding to risks before […]

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Use KiwiSaver to buy your first home

POSTED BY admin ON THE August 12th, 2019

You may be entitled to the KiwiSaver HomeStart Grant after you have been contributing to your KiwiSaver for three years. The Grant is administered by Housing New Zealand which operates outside of KiwiSaver and will be paid to your solicitor. What are the grants?There are two HomeStart Grants. These are: For purchasing an existing home, […]

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Getting on top of cash flow

POSTED BY admin ON THE August 6th, 2019

Managing cash flow is critical to the success of a small business. While it is necessary to be profitable, your profit is a number that shows up on your accounts at the end of the year whereas your cash is the money you have in the bank. By incorporating the following tricks, you can help […]

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Boost employee productivity

POSTED BY admin ON THE August 6th, 2019

All businesses need to look at ways to increase the productivity of their staff. When your employees get more work done, it will ultimately lead to the business making a bigger profit. As well as increasing productivity, employers should also aim to improve the happiness and wellbeing of their workers. Here are some ways to […]

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Simplifying provisional tax for small businesses

POSTED BY admin ON THE August 6th, 2019

Inland Revenue is making provisional tax simpler for New Zealand small businesses through the Accounting Income Method (AIM). Now in its second year, AIM allows business owners to pay a tax bill only when they’re making a profit. Under the previous rules of provisional tax, payments must be made three times a year and in […]

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