Digital snapshot: The do’s and don’ts of ChatGPT
Everyone’s talking about the artificial intelligence chatbot ChatGPT, the new tool that can do just about anything, from generating letter templates to answering questions. ChatGPT is a fantastic free tool for any business. Here are some ways it can help you — and what you shouldn’t do with it. DO Use it to check your […]
Some common things businesses forget at tax time
1 minute to readRunning a business is a demanding job, so it’s no wonder owners lose track of crucial things at tax time, such as: Deducting entertainment expensesDinner and lunch meetings with clients and customers are partially tax deductible. Keep your receipts and check in with us to see which meetings can be deducted. Bear […]
DON’T FORGET: Documents for your accountant
1 minute to readRemember to provide all the relevant documents we will need to put together your financial statements for the year. Have you got these ready? Disclaimer: This blog has been carefully prepared, but it has been written in general terms only. The blog should not be relied upon to provide specific information without […]
Interest deductibility on property investments is now being phased in with 80% allowable from 1 April 2024
As of 10 March, the coalition government has confirmed the return of interest deductibility for property investors, with the phased-in changes taking effect from the next financial year. As a result, legislation is expected to be passed allowing you to deduct 80% of your interest expenses on property investments in the year to 31 March […]
Your provisional tax explained
1 minute to readYour provisional tax equals your previous year’s residual income tax plus 5%. However, provisional tax paid in the past may not reflect how your business has performed over the current financial year. Your final income for this financial year will determine whether you’ve overpaid or underpaid provisional tax. Once you’ve filed your […]
Your 12-point checklist to stay ahead on tax
2 minutes to read 1. Contracts Have you invoiced retentions that don’t need to be paid until next year? If they are payable this tax year, they will be classed as taxable income for 2023-24. Unsure? Talk to us as your tax adviser. 2. Employee expenses and holiday pay Holiday pay, bonuses, redundancy payments, and […]
What new migrant worker law means for your business
Do you employ migrant workers? You need to be aware of the Worker Protection (Migrant and Other Employees) Act, which comes into force on January 6. The law, which amends the Immigration Act 2009, Employment Relations Act 2000 and Companies Act, will introduce a tough penalty regime to deter the exploitation of migrant staff. What […]
Six Christmas email marketing tips
Keen to get a Christmas email out to your customers but unsure where to start? We’ve compiled some helpful pointers to get the most out of e-marketing. 1. Send more emails in December Experts believe that increasing the frequency of your emails in December can help grab customers’ attention. Inboxes are crowded as a result, […]
How to save energy over Christmas
While plenty of companies are closed over Christmas, some of us have to keep the lights on to serve our customers. Here are some energy-saving tips that could save you some money over the coming months. Only use the lights you need Lighting contributes significantly to energy usage, so if you’re running skeleton staff over […]
Your small business Christmas checklist
Christmas lists aren’t just for kids and Santa Claus. Before summer arrives, tick off our small business Christmas checklist to ensure you’re in the best possible shape for the year ahead. Plan cash flowMake sure your business has enough funds on hand to pay suppliers over Christmas and January, remembering your tax obligations in the […]
