Business Accounting
Working For Families Tax Credits
Working for Families tax credits are paid to low and middle-income families to help them raise their family and stay in work. Around 58 percent of families with children in New Zealand get Working for Families each year. Working for Families is mostly paid by...
07 February, 2023
Guide to your Financial Reports – Part 6 (Shareholder Current Account)
This 'Guide to your Financial Reports - Part 6 (Shareholder Current Account)' records all funds introduced to the business by shareholders, credited to shareholders as dividends or salary, or taken out of the business as drawings. The Shareholder Current Account is also called a Shareholder Loan...
01 February, 2023
Guide to Your Financial Reports – Part 5 (Statement of Changes In Equity)
This 'Guide to Your Financial Reports - Part 5 (Statement of Changes In Equity)' records what happens to any profits for the year; whether they are paid out as dividends or kept in the business as retained earnings. Generally speaking, the higher the equity, the...
19 May, 2022
Guide to Your Financial Reports – Part 3 (Profit & Loss)
Our 'Guide to Your Financial Reports - Part 3 (Profit & Loss)' will help you figure out your Statement of Profit & Loss, or Income Statement, tracks the overall performance of your business. It begins with the Gross Profit from your Trading Account then lists...
19 May, 2022
Guide to your Financial Reports – Part 4 (Balance Sheet)
Our Guide to your Financial Reports - Part 4 (Balance Sheet) will help you understand you Balance Sheet, or Statement of Financial Position, measures the net worth of your business at a point in time and shows if your business is solvent (if assets are...
04 May, 2022
Are You Earning Enough?
Are you earning enough? As a business owner you should be earning more than an employee, or what you could earn as an employee of someone else’s business. This premium compensates you for the extra risk and demanding work that as a business owner you...
02 May, 2022
4 Ways to Kick Start your New Financial Year
If you have not read our 6 Ways to End the year right article. Do this now. Once you have reviewed your past performance and got your records ready for your end of year accounting it is time to look to your future. If your business is...
30 March, 2022
Happy New Financial Year
For those with a 31st March Balance Date, the new tax year starts on the 1st of April. This is an ideal time to look at what is working, and fix what is not. A great time to plan for your business and financial success. ...
30 March, 2022
6 ways to end the financial year right
If you have a 31st March balance date, end of financial year is just around the corner for you. Preparing for end of financial year can really take the hassle out of your end of year accounting and tax returns, but even more important can...
30 March, 2022
- 1
- 2