Covid care package

You might’ve noticed we always try and add a little light-heartedness and hopefully a smile to our mailers but right now that doesn’t seem appropriate.  We know many of you are dreading the upcoming tax bills (due 7-Apr-20 and 7-May-20) so we wanted to give you a care-package of sorts, which summarises all your options in one place. Hopefully, you’ll find an option below which works for you (click page 2 below).

Making tax reminders less scary

If there’s one thing in business that really takes a painful chunk out of your bank account, it’s tax.  Yes, it hurts but I can assure you not paying hurts even more. Choose your ‘hurt’ wisely and don’t forget to pay today!

Xero prices and plans

Bad news folks!  I guess Xero needs to pay for that flashy new building because we’ve just received word that both standard and premium plans will increase in price by $5 per month, from 28 September 2018.  Standard subscriptions will go up to $60 a month, while premium pricing increases to $75 a month (excluding GST). This pricing includes one active Xero Expenses user with subscribers paying an additional $5 per additional active user. To help keep your price down, we’d discourage you from using Expense claims.

 

 

 

Remember, many of you are still eligible for our 30% discount on Business Edition plans.  This requires us to act as the subscriber with you maintaining your own billing account, only available if payment is on direct debit or credit card, and is subject to a positive credit history with us.  Alternatively, rather than having the Partner act as Subscriber to the subscription, you may act as the Subscriber for Xero Business Edition subscriptions and invite the Partner into that subscription as an invited user (although our discount will not be available to you in this scenario).  The Subscriber to the subscription has the ability to control access rights and may be required to retain ownership of the file for insurance purposes.

 

How to add your logo to Xero emails

If you like things to look nice, this one’s for you.  It’s about adding your business logo to emails when you send them directly from your Xero accounting software.  I don’t know about you but I was starting to get little jabs of jealously every time a business emailed me their invoice with their logo right there in the email itself (not just on the invoice).  Being a busy business owner, I’d devoted all of two seconds to ‘making this happen’ before giving up in a huff but with a clearer head this morning I found a few options and this one’s the easiest: Continue reading How to add your logo to Xero emails

IRD giving away holidays

Yes, it’s true. The IRD has started giving away free all inclusive holidays with your room, meals, beverages and even some sports activities included.  To be eligible, you’ll need to stop filing tax returns and start specialising in cash-jobs.  The most recent “winners” were in the building sector but that doesn’t mean they won’t open this up to your industry too.

Continue reading IRD giving away holidays

Is the new tax option right for you?

Is the new tax option right for you?  Probably not!  Yes, I’m serious.  This new pay-as-you-earn option of paying your provisional tax almost got it right, but not quite.  The concept is good but it’s really not a whole lot different to the ‘Ratio’ method which crashed and burned a few years ago!

Continue reading Is the new tax option right for you?

Nosey neighbour newsletter

28639284_s (2)Recently we stumbled upon Remuera’s nosey neighbour website and realised that it’s not just house prices people get curious about.  As chartered accountants, we’re constantly asked what people are earning and given our strict confidentiality we’ve mastered the art of answering without answering …. but today we’re giving you some specifics.

Continue reading Nosey neighbour newsletter

Death by flexi mortgage

13544486_s (2)Flexi loans – they’re a dangerous thing. Banks can’t wait to give them to you all wrapped up in glossy paperwork and touted as the best thing ever. And yes, they are the best thing; the best thing for the bank, not you … unless you’re one of the chosen few with inordinate amounts of willpower and discipline (a financially savvy superstar).

Continue reading Death by flexi mortgage

Do I have to file tax returns if I live overseas?

17319360_s jetWhen you’re heading off to live overseas the last thing you want to think about is your New Zealand tax return.  That’s all fine and dandy so long as you never plan on returning to the land of rugby, pies and beer.

  1. At the very least, you’ll generally need to file non-resident tax returns in New Zealand while you’re overseas. They might not include very much (perhaps a little bit of interest from your NZ bank accounts) but you still need to file a return to keep things sweet with the Inland Revenue Department.
  2. At worst, you’ll continue filing normal tax returns which include every bit of your income from absolutely everywhere – it’s called your worldwide income.

Continue reading Do I have to file tax returns if I live overseas?