Summary of the Wage subsidy and Leave Payment available to support employers affected by COVID-19
Refer to the table below and consider your situation. Below is a summary of the Wage subsidy available to support employers affected by COVID-19. For full details see this page on the Work & Income website. Note: the leave subsidy has been folded into the wage subsidy scheme to prevent employers double-dipping. Government are working on arrangements […]
Continue readingPayroll changes due to Force Majeure (unforeseeable circumstances)
Refer to the table below and consider your situation. The article by Buddle Findlay employment lawyer Sherridan Cook is worthy of a read. The Health and Safety at Work Act 2015 requires businesses to mitigate health and safety risks and protect their workers from them, as far as is reasonably practicable. The Employment contract is also critical. […]
Continue readingNZ Payroll Legislative changes for the 2020 – 2021 year
What are the legislation changes? The ACC Earner Levy Income thresholdThe ACC Earner Levy Income threshold has increased from $128,470 to $130,911 making the maximum ACC Earner Levy $1,819.66. The ACC Earner Levy rate stays at $1.39 per $100 of earnings. The Student Loan Threshold is increasing from the first pay with a period ending date […]
Continue readingWhy computerise my accounting system?
The decision generally comes down to the business owner and their previous experience. Those who have had a computerised accounting system in the past can see the benefits. They wouldn’t contemplate the idea of a manual system and realise they need an efficient accounting system to be serious in business and to get a financial ‘reading’. New […]
Continue readingWhat to look for in a retail system
Point-of-sale (POS) software is more than a cash register. The software takes care of sales, stock, inventory, customer and supplier information and many of the other key issues you – as a retailer – have to deal with. As an integral part of your retail business, it’s imperative to ensure you choose the right point-of-sale software; […]
Continue readingWorking as a Contract Bookkeeper
Many men and women offer bookkeeping services to businesses. They’re self-employed, running their own bookkeeping business and work from business to business using MYOB & other software. The work offers huge variety, lots of learning and with it, a high degree of personal satisfaction. For many it is the perfect job with plenty of flexibility. (If […]
Continue readingDo I need a Bookkeeper or an Accountant?
There are differences between bookkeepers and accountants and you could save money by knowing what those differences are. Apart from the obvious cost difference of each role, there are functions a bookkeeper generally does not perform. On the other hand there are jobs that an accountant will do but charge a lot more for – […]
Continue readingAlignment journals – why do you need them?
My accountant has asked I enter an alignment journal before I roll over. What is this about and what is the point? The purpose of end-of-year (EOY) adjustment entries is to get your ducks in a row and align your MYOB file with your accountant’s end of year tax accounts. Their job is to check over your […]
Continue readingHow to get accounts staff that will help, not hinder, your business
Everyone wants the perfect person in the office. One that comes with a high level of understanding and experience in both accounting and payroll. One that has knowledge of the software you use PLUS competencies using a computer AND a working knowledge of Microsoft Office. As well as that you want them to fit in […]
Continue readingShould you use MYOB or Xero?
A common question we’re regularly asked is “Which is better – MYOB or Xero?” The answer is it depends. We discuss their pros and cons…
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