May 2021

Need help with your tax payments?

Tax pooling is a way to pay provisional tax by either chipping away at what you owe in instalments or deferring the whole amount to a payment date that suits you, without incurring Inland Revenue late payment penalties or interest.

Penalising R&M

Classifying expenditure as either deductible repairs and maintenance (R&M) or non-deductible capital expenditure is not clear cut. It is a question of fact and no two situations are the same. And while its advantageous from a tax perspective, when is it pushing ‘the line’ too far.

10 ways to lift your margin

There’s always room for improvement at the margin; small tweaks can massively boost your bottom line! How much extra would a 1% increase in gross margin give you?

The Five ‘A’s of Change - achieving continuous improvement

Covid has been a powerful catalyst for change. Going forward, how can we consciously use the process of change to continuously improve our business? Use the 5 ’A’s of Change: Awareness, Acceptance, Action, Accountability & Acknowledgement.

New superannuation rate: are you on track for retirement?

NZ superannuation has just increased – are you on track for a comfortable retirement? It could be time to start making a few changes that will set you up for a better future. The sooner you start, the more you can build your retirement savings.

Is property still a good investment?

It’s becoming more expensive to own rentals, so is property still a good investment? The costs and risks may have risen, but it also has one distinct advantage…

Do you need better access to funding?

If you want to strengthen your capital position, now’s the time to act and to start thinking about your funding needs as a company. Talk to us about creating a funding strategy.

Minimum wage: expect more increases

The minimum wage hike is now in action – and it’s increased every year since 2000. This is a great time to review your pricing as costs rise.

Supply shortages – some of them surprising!

COVID-19 has fundamentally disrupted global trade to the point there are product shortages starting to play out. You might be surprised at some of these.

Business interruption due to Covid-19

Inland Revenue has set out a ‘draft’ view on to what extent businesses can claim tax deductions for expenditure incurred while impacted by Covid-19. Your comment is welcomed – the deadline is 28 May.

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