How much does it cost to hire an accountant for a small business?

Even in your average small business (1-3 employees, less than $500k turnover) there will be a broad range of options for accounting and finance including getting specialise setup, tax structuring advice, finance systems and processes together with the everyday bookkeeping and accounting functions.

Is an accountant needed for a small business?

An accountant can offer comprehensive startup and ongoing small business advice, while making sure tax compliance is prepared and filed with the relevant authorities on time.

What is the role of an accountant in a small business?

Being a business owner can be a tough job, and it’s good to have a trusted advisor to lean on in times of complexity or uncertainty. An accountant will be able to help you navigate your business through these times, and help keep compliant with relevant tax authorities.

Xero is an integrated accounting platform that can complete all small business invoicing, receipts, bank transactions and reporting for the IRD. Being cloud based means your advisers can have access to your information in real time.

Is Xero Accounting any good?

Xero is a great tool for small businesses as it gives you real time access to the financial data of your business - information we couldn’t imagine being in business without.

Ensuring the Tax Mailman Gets Through

January 23, 2024 Simon Manawaiti

We have recently encountered an issue where some of our tax payment emails are being diverted by high-level email filters, resulting in them either ending up in the spam folder or not being received at all.

How to Pay Inland Revenue Debt by Credit Card in New Zealand: Surprising Advice

January 12, 2024 Simon Manawaiti

Should you use a credit card to pay off IRD debt?

Understanding New Zealand's Brightline Test: What You Need to Know

January 8, 2024 Simon Manawaiti

If you sell a residential property in New Zealand within a specific period, you are required to pay income tax on any profits unless the property is your primary residence or another exemption applies.

Employing Family Members as a Sole Trader in New Zealand

November 27, 2023 Simon Manawaiti

While registered companies can freely employ family members, sole traders must seek approval from the Inland Revenue if they wish to bring their spouse or partner into the business.

Navigating New Zealand's Platform Economy Tax Changes

September 5, 2023 Simon Manawaiti

We explore the implications of new legislation on GST, information collection, and the responsibilities of platform operators. Learn how these changes impact businesses and individuals in the platform economy and gain insights into how accountants can adapt to best serve their clients in this evolving landscape.

R&D Tax Incentive: Understanding Eligibility for Your Business

August 8, 2023 Simon Manawaiti

We want to shed some light on the Research and Development (R&D) Tax Incentive in New Zealand and help you determine whether your business is eligible to take advantage of this fantastic opportunity.

Recent Tax Updates - What Auckland Business Owners Need to Know

July 31, 2023 Simon Manawaiti

In this blog post, we'll delve into the key updates introduced by the Public Act 2023 No 5 and how they might affect your operations.

Benefits of being in Business vs Employment

July 17, 2023 Simon Manawaiti

As a small business owner in New Zealand, you have a unique advantage when it comes to taxes. Owning a small business opens up a world of opportunities for tax savings and wealth creation. In this blog post, we will walk you through the key aspects of how tax works for small businesses in New Zealand, highlighting the benefits and strategies you can utilise to maximise your tax savings.

Paying Staff Reimbursements for Home Office use

June 8, 2023 Simon Manawaiti

Not all payments to staff need to be taxed, and can be treated as exempt income for the employee. For example employers can pay staff for using a home office space using either actual expenditure or through an exempt allowance. This blog also includes updated rates from 1 April 2023.

Tax Pooling: A Smart Solution for Late Income Tax Payments in New Zealand

May 29, 2023 Simon Manawaiti

Late income tax payments can lead to penalties, interest charges, and unnecessary stress for businesses and individuals in New Zealand. By utilizing tax pooling, Accountech Chartered Accountants and their clients can avoid these financial burdens and gain additional flexibility in managing their tax obligations. With TMNZ as a trusted intermediary, the process becomes even more efficient, providing peace of mind and saving both time and money. Choose tax pooling as a smart solution and let Accountech help you navigate the complexities of the New Zealand tax system.