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The Business Advisory Blog

Welcome to our blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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NZ Inland Revenue temporary closure

Written by Vanessa Williams on April 9th, 2020.      0 comments

IRD iconNZ IRD will temporarily close most of their customer-facing systems while they implement the next round of transformation changes.
 

Business Finance Guarantee Scheme

Written by Vanessa Williams on April 8th, 2020.      0 comments

Graphic for a website page- CoronavirusThe $1 billion BFGS scheme is available to all eligible New Zealand-based businesses with an annual turnover of $250,000 to $80 million that have been impacted by COVID-19.
 

Using Data to Drive Decision-making to Build Business

Written by Greg Millar on April 6th, 2020.      0 comments

nimbus technology computer-security2-768Business owners often complain they lack information to make decisions, in spite of many solutions which claim to provide intelligent, customised reporting. Identifying business problems that need solutions and then the data sets which support decision-making is a better approach and we accountants can add value in this process. 
 

NZ Wage Subsidy New Obligations from 27 March 2020

Written by Vanessa Williams on March 31st, 2020.      0 comments

Graphic for a website page- CoronavirusAt 4pm Friday 27 March 2020, modifications to the wage subsidy scheme were announced by the government.
 

NZ Wage Subsidy Q&A Changes - Update

Written by Greg Millar on March 27th, 2020.      0 comments

Graphic for a website page- CoronavirusThe Government announced further modifications to the Wage Subsidy Scheme this afternoon.
 

NZ Wage Subsidy Q&A

Written by Vanessa Williams on March 26th, 2020.      0 comments

Graphic for a website page- CoronavirusWe answer common questions about the NZ Wage Subsidy for employers.
 

Xero’s COVID-19 Response

Written by Greg Millar on March 24th, 2020.      0 comments

With xero-platinum-partner-badge-RGB-608COVID-19 impacting Xero's operations around the globe, Xero is delaying the price rise which was set to take effect from 18 March until 1 July 2020.
 

COVID-19 alert level 4 NZ lockdown

Written by Vanessa Williams on March 23rd, 2020.      0 comments

Graphic for a website page- CoronavirusFrom midnight Wednesday 25 March 2020, New Zealand goes into full lockdown. From tomorrow 24 March 2020, the Alliotts team will be operating from home offices but we will still be available to assist with all your accounting, tax and business needs.

 

COVID-19 employer support

Written by Greg Millar on March 18th, 2020.      0 comments

Graphic for a website page- CoronavirusThe NZ Government has compiled Wage subsidy and Leave Payment available to support employers affected by COVID-19. The subsidy is being administered under a high trust model and employers will not be asked for verification before the subsidy is approved. However MSD will have the ability to check applications and verify information at a later date.
 

Paying Income Tax to Tax Traders vs the IRD

Written by Vanessa Williams on March 18th, 2020.      0 comments

calculator ledger-516Since its inception, we have worked with Tax Traders to ensure that our clients achieve better outcomes than just paying tax to the IRD directly. Now that Tax Traders have no minimum use limits, we would like to highlight this to all Alliotts clients.

 

Special Tax Alert - Coronavirus COVID19

Written by Vanessa Williams on March 17th, 2020.      0 comments

Graphic for a website page- CoronavirusThe New Zealand Government has announced a $12.1billion business continuity package aimed at assisting businesses through the COVID-19 situation. The largest element of the package is the delivery of $5.1billion in wage subsidies to businesses and the delivery of support for workers needing to self-isolate, delivered through the Ministry of Social Development.
 

Hubdoc joins the Xero family

Written by Greg Millar on March 16th, 2020.      0 comments

xero-platinum-partner-badge-RGB-608Hubdoc will be included in all Xero Starter, Standard and Premium plans from 18 March 2020.

 

GST Short Accommodation - Air BNB and Other

Written by Vanessa Williams on March 11th, 2020.      0 comments

GST-274Reminder that if you rent out your home or other property for short term accommodation you may need to register for GST.
 

Resident Withholding Tax exemption register

Written by Greg Millar on March 9th, 2020.      0 comments

IRD iconFrom 1 April 2020, payers of investment income (e.g. payers of interest and dividends) will access the register to confirm which of their customers have RWT exempt status. The IRD will no longer ask for or accept physical certificates of exemption.
 

The Power of Price

Written by Vanessa Williams on March 2nd, 2020.      0 comments

value scale copyUnderstanding how a customer or prospect VALUES your service is critical to getting pricing correct. Our article details an approach to understanding value and various other important factors to grow the profitability of your business.
 

Employer-provided travel from home to a distant workplace

Written by Greg Millar on February 24th, 2020.      0 comments

nz inland revenue ird-683New operational statement clarifies and simplifies the tax rules around employer-provided travel to distant workplaces.
 

Xero pricing and plan update

Written by Vanessa Williams on February 17th, 2020.      0 comments

xero-platinum-partner-badge-RGB-608From 18 March 2020, the price of the Xero Starter plan is increasing by $2.50 a month, and Xero Standard and Xero Premium plans are increasing by $2 a month. 
 

Prescribed interest rate decreases

Written by Greg Millar on February 10th, 2020.      0 comments

interest rates-469-101The prescribed rate used to calculate fringe benefit tax on low-interest, employment-related loans has decreased from 5.77% to 5.26% effective 1 October 2019. Our website has been updated.
 

How to make your early stage business run more efficiently

Written by Vanessa Williams on February 3rd, 2020.      0 comments

xero-platinum-partner-badge-RGB-608As we kick-off the new year, the right technology can help you get new customers, upsell to existing ones, expand your offering and improve efficiency so you have time to focus on what matters. Here are some tips on the technology that will have an immediate effect on your business.
 

What are your revenue goals?

Written by Greg Millar on January 28th, 2020.      0 comments

set goals-24Setting goals is key to success but some people find it intimidating and don’t know where to start. This article includes a 6-point guide on goal setting to help you focus and specify goals. This will lead to astute business planning and will bring clarity to the year ahead. It’s never too late to set goals!