The information in this blog is of a general nature and only applies in NZ. Please obtain appropriate professional advice before acting on any of these suggestions. Your particular circumstances need to be thoroughly examined by an experienced tax adviser. As a GST registered entity, the typical business owner is merely acting as a tax… Read more »
Top Flight
The role of KiwiSaver scheme providers
As a KiwiSaver scheme provider they will perform all of the usual functions of a superannuation scheme provider and/or administrator: administering enrolments and withdrawals allocating contributions investing members’ contributions meeting reporting requirements working with Inland Revenue promoting their own schemes having the primary relationship with KiwiSaver members. KiwiSaver is different from other superannuation schemes in… Read more »
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What Bookkeepers do- explained
Here is a quick overview of the most important roles of a bookkeeper and the important role they play for a business. Data Entry Your bookkeeper will enter all your financial transactions into the system accurately and analyse them to the correct accounts in your accounting software. Regular reports will be provided that contain useful… Read more »
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Tips for Business Planning
Many business owners get so busy that they fail to plan for their business growth. These business owners don’t take time for regular meetings to discuss strategies and it’s unlikely that they even hold an annual planning session for the coming year. About the Planning Session A business planning session should be facilitated by an… Read more »
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New Features in Accredo Version 4
Here some of the latest features available to make processing easier and more productive: Simplify bank reconciliations with the use of ‘Rules’ to automatically match Statement lines and create the appropriate entry in Accredo Create, Upload Direct Debit Batches Utilise Email Templates to customise messages to match the attachment Find meaningful information by using Filter… Read more »
Mike McVey
Can your 90 days trial period be enforced??
Employers sometimes use short pre-employment trials, lasting only one shift or even less, to assess a person’s suitability for permanent employment. If a trial is successful, the person is then hired in a permanent role. However, prior to entering into pre-employment trials, Employers should make sure that Employees realise these one shift trials are genuine… Read more »
Mike McVey
Considering a redundancy? The importance of following a fair procedure
If an Employer is considering a redundancy, not only they will need to have a genuine work-related reason for a redundancy, but they sholud treat the employee in a fair and reasonable manner, acting in good faith and following a fair procedure. As far as a genuine reason for a redundancy is concerned, there can… Read more »
Mike McVey
Amendments to the Employment Relations Act 2000
Significant changes are taking place to employment law in New Zealand and employees and employers need to know how those changes will affect them. Here is a summary of the main changes. The Employment Relations Amendment Bill is currently in its final stages in Parliament. After it is passed into law it will come into… Read more »
Mike McVey
Thinking of hiring? Here’s the calculator for you
The new Employee Cost Calculator is just the ticket for small business owners who want to employ someone, but are unsure of the costs. The calculator was designed to help small to medium businesses make confident hiring decisions, and is part of a package of tools being developed by Business.govt.nz, the government’s website for small… Read more »
Mike McVey