Have you set your financials up correctly to best to reflect the value of your business?
All that hard work, effort, sacrifice, and pain that goes into these businesses. Surely, we want to be able to see what our potential net worth is because of that hard work?

Despite the typical reputation, we accountants are more than just boring, snoring tax agents – our job does have a sexy side to it! We look at how we can use our skills and experience to work with you guys on a much closer level to help you make more money.

A BIG question we get asked ALL the time is “Can I claim my childcare costs?”. Jason talks through why, unfortunately, it’s a NO from the IRD. Unfortunately, childcare costs are not deductible as a business expense as they’re not directly related to your income earning. A business expense needs to be directly attributed to the income you are deriving …

There is one report in Xero that as a business owner you should be looking at EVERY.SINGLE.MONTH! Do you know what it is? And do you know what it tells you? Our clients often say to us – I’ve made all this profit but why have I got no cash?​They look at their profit and loss statement and see they’ve …

The first thing that needs to happen is the business needs to own the vehicle. If you own the vehicle already, you need to transfer the ownership to the company or if you’re buying a new vehicle, the company needs to buy the vehicle. This means the company can pay for: Fuel WOF Registration Maintenance Claim depreciation on the vehicle. …

Interest Deductions On Rental Properties From 1st October 2021, interest deductions on residential investment property acquired after 27 March 2021 will not be allowed. Interest on loans from properties acquired before 27 March 2021 can still be claimed as an expense.  However, the amount you can claim will be reduced over the next 4 income years until it is completely …

With the recent rise to Alert Level 3 in Auckland in February 2021, due to the cases on COVID-19 in the community, the Government announced additional support for businesses. Jason talks about the Resurgence Support Payment (RSP), which is a payment to help support businesses due to a COVID-19 alert level increase to Level 2 or higher. Watch the video …

Whether you’re a contractor, sole trader, in partnership or own a company, if you use your home for business, you can claim a portion of your household expenses. What can you claim? You can claim 100% of expenses that are solely for business purposes e.g. business phone line, stationery For the rest, you can claim the proportion of your house …