New rules on GST invoicing apply from 1 April 2023. These changes have been designed for 21st century business record-keeping and modernise invoicing rules in place since 1986, based on paper-based record-keeping systems. The rules are permissive, so businesses can…
The Fair Pay Agreements Act has now passed and applications to initiate bargaining can be made from 1 December 2022. The Act may have an impact on the way you run your business, so it’s important to know your rights,…
In April 2022 the Government proposed new trust disclosure rules. These new rules were then passed into law 5 days later. The new rules allow the Inland Revenue to collect consistent data so that they can see to what extent there…
In a previous newsletter, we advised you that you may want to consider repaying your SBCS loan within two years to avoid an interest charge on the first two years you’ve had the loan. However, it’s now been confirmed that…
If you’ve invested in residential property, you may be scratching your head over whether recent tax changes affect you.If you borrowed to acquire residential property before March 27, 2021, interest deductions will be phased out over the next three years…
Trustees are required to ensure the due and proper administration of trusts for the benefit of beneficiaries. The Trusts Act 2019 has introduced a new presumption that trustees will make basic trust information available to every beneficiary. In addition to…
Comply with the law to stay out of hot water Heading into the seasonal rush, it can be easy to miss something in your new staff members’ contracts. To ensure your employees are treated fairly and according to the…
Keeping track of employees’ time and then feeding all that info into your payroll system – not the most efficient use of your time, you’re thinking!? These days we have the technology to improve so many things, surely this also…
Many of you are using software these days that supports your management of your business finances. Whether your software allows you to digitally link your invoices or whether you just want to send copies to us via email, there are…
You will have seen media reports on the increase in family violence during these worrying times we live in. So it is important for payroll to be ready to assist in supporting an employee when they have applied, and been…