Diane Gill • February 22, 2023
THE MINIMUM WAGE IS INCREASING - IS YOUR BUSINESS READY??
Minimum wage rates will increase on Saturday, 1 April 2023.
- The adult minimum wage will go up from $21.20 to $22.70 per hour.
- The starting-out and training minimum wage will go up from $16.96 to $18.16 per hour.
If you’re a business owner or manager and you’ve not yet talked to your accountant, payroll provider or your finance/HR teams, now is the time. It’s also an opportunity to check that your employment records, processes and systems are current.
What are the key aspects you need to know to prepare for the financial year-end on 31 March? The end of the financial year is a good time to review your policies and procedures in preparation for the new tax year.
In 2023 the External Reporting Board (XRB) published updated accounting standards for Tier 3 and 4 registered charities.
If your charity’s financial year began on or after 1 April 2024, the Tier 3 (NFP) and Tier 4 (NFP) Standards are now in effect and you should be using or preparing to use these.
Meet Ann. She is a Senior Accountant at Ōmokoroa Accounting.
eInvoicing is the electronic exchange of invoice data directly between financial systems.
Being part of a tax pool provides more flexibility on when you pay provisional tax to Inland Revenue, rather than being tied to the IRD’s deadlines. Learn more.
Meet Suzie. She is the Office Manager at Ōmokoroa Accounting.
In May, we asked you to complete a survey to help us better understand how you feel about your business in the current economy. The survey results shed light on some of the primary concerns facing business owners right now.
The 2024 New Zealand Budget focused on tax relief for working families aimed at middle-and-lower income workers and spending cuts. Amid concerns about the cost of living and job security, these measures aim to boost disposable income leading to more consumer spending.
While contemplating our mortality is never pleasant, it's crucial to address estate planning to ensure our wishes are met and our loved ones are taken care of.
In this article, we answer frequently asked questions from small business owners about tax and accounting online.