Tag: Management
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Payroll deductions
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Discover the benefits of payroll deductions for small business owners in New Zealand. Save time and money by outsourcing payroll processing.
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PAYE
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Learn about PAYE and how it affects employees and employers. Find out how to remit income tax and fulfill payday filing obligations.
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GST
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Everything you need to know about GST in New Zealand: Learn about registration requirements, tax rates, and how GST affects your business.
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Charging Margins on Materials for Tradespeople: Pros, Cons, and Best Practices
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As a tradesperson, whether you’re a carpenter, electrician, plumber, or any other type of skilled professional, one important aspect of your business is managing the costs associated with materials. One common practice in the trade industry is charging margins on materials, which would involve adding a percentage markup to the cost of materials when invoicing…
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Best Work From Home Practices To Achieve The Best Results
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[vc_row][vc_column][vc_column_text] Working from home has become increasingly popular over the past few years, and the COVID-19 pandemic has accelerated this trend. Remote work has provided employees with flexibility and the ability to manage their time effectively, but it also presents new challenges that require specific best practices to ensure efficiency and productivity. In this essay,…
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How to improve business finance during high inflation
Inflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time. High inflation can have a significant impact on business finances and operations. It reduces the purchasing power of consumers, increases the cost of production, and makes it more difficult for companies to…
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How To Set The Prices For Your Services
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Pricing is always a big question for many service providers as it is sensitive to discuss and hard to measure clearly. Which level is too high for your customers? Which level is too low for your profit? Which can satisfy both? Unlike goods, services normally do not have the exact amount of material or supply…
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Financial support during Omicron outbreak – Updates 28 Feb 2022
The Government has announced 3 additional forms of financial support for businesses with cashflow pressures as a result of COVID-19. These are: an increase to the base Small Business Cashflow Scheme (SBCS) and the ability to borrow a top-up if they did not borrow the full amount up to 3 COVID-19 Support Payments (CSP) an…
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New financial supports for Covid-19 announced – Feb 2022
Finance Minister Grant Robertson and Revenue Minister David Parker announced the new financial support measures this afternoon, saying they would support businesses that were struggling during the Omicron outbreak. Covid Support Payment Robertson announced the new Covid Support Payment of $4000 plus $400 per full-time employee – capped at 50 FTE positions, or $24,000 –…
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Final Round – Business support under the COVID Protection Framework
The Minister of Finance has announced a number of changes to the financial support for businesses once New Zealand moves into the COVID Protection Framework at 11.59pm on December 2nd. The changes are as follows: • There will be a one-off Transition Payment to acknowledge the restrictions businesses have faced due to the higher Alert…