When your staff are working from home, how do you track their work-related expenses and get a clear real-time picture of your finanicals? Contractors are in the habit of recording business expenses related to the home office for tax reasons. Employees, however, do not claim deductions because the employer pays for these expenses. Xero have …
Xero Adds New Features to Help Track Work-Related Expenses Read More »
The Government has launched the Small Business Cashflow Loan Scheme (SBCS) as another measure to assist eligible small-to-medium businesses adversely affected by COVID-19. From 12 May 2020, businesses employing up to 50 full-time staff may apply to the Inland Revenue Department for loans of $10,000 plus $1,800 per employee. What’s involved? the loans accrue interest …
IRD have announced significant concessions in relation to payment of tax, and we can help you work through how this applies to you and your business. If you are unsure as to whether you should / could pay any upcoming tax payments (including GST and PAYE), then please get in touch with us now. Remember – you …
Poor cashflow is the number one reason businesses fail. Cashflow planning is best practice in any business and critical to survival and growth. Setting targets and monitoring your actual cashflow against your forecast will enable you to predict large cash outflows and respond to changes in your business. Whether your bank has requested a cashflow …