Having efficient and accurate financial systems is one of the most important aspects of running a business. So if you’re a small business owner you might want a tech-savvy accountant for your financial needs. Studies reveal that 91% of accountants believe new technology delivers value to their business. 78% of company CEOs prefer to work with tech-savvy accountants. In this blog post, we’ll outline 5 reasons as to why you too should choose a tech-savvy accountant for your small business. Take a squiz. 5 reasons to choose a tech-savvy accounting specialist for your business. #1 Increase in eff ..read more

If you’re confused about the difference between bookkeeping and accounting, this blog post is for you. Take a squiz. What is bookkeeping? Bookkeeping is the day-to-day tracking of your business’s finances. A bookkeeper’s responsibility is to record and update daily financial information in an organised manner so that they’re accessible and comprehensible. What tasks will a bookkeeper do? A day in the worklife of a bookkeeper includes tasks like Maintaining accurate daily records Maintaining accounts payable and receivable Reconciliation of accounts Payroll Invoicing Handling receipts and bill ..read more

If you’re a kiwi small business owner you might have heard about different negative myths surrounding outsourcing and virtual accounting service providers. In this blog post our accounting professionals debunk a few of the most common virtual accounting myths. Let’s take a squiz. 5 Myths About Virtual Accounting to Unlearn in 2024 Myth #1: “Virtual accounting is more expensive than traditional accounting” Debunked – With traditional accounting, you have to incur recruiting costs, onboarding costs, equipment and software costs, and paid leave costs. When outsourcing payroll, bookkeeping, and ac ..read more

It is a time of increased financial crime in New Zealand. A recent survey by the Ministry of Justice revealed a spike in annual fraud and deception crime from 288,000 to a whopping 510,000 cases in a single year. Mad, isn’t it? Is your business safe? Looking at the statistics, it’s common sense to want protection against fraud for your own business. Studies reveal that it’s difficult to spot employees with fraudulent tendencies. Around 87% of staff who have committed fraud were first-time offenders, with 84% of them having a clean employment record. How in-house employees may commit fraud Havi ..read more

If you own a web store, then you’re probably aware of all the accounting challenges that come with it. Let’s take a squiz at 5 such common challenges and how to overcome them. Has your web store run into these 5 accounting challenges – Auckland Accountant Tips 1. Having to do international transactions Web stores deal with more international transactions than physical stores. Adding them into the accounting process can be a bit of a mare. Implement multi-currency payment gateways, automated currency conversion tools, and cutting-edge tax compliance software that can handle cross-border tax cal ..read more

If you’re an NZ accounting services practice looking into outsourcing your accounting tasks, white label accounting just might be the thing for you. Take a squiz at these 7 tips and best practices to have a successful and productive relationship with your white label accounting services provider. 7 success tips and best practices for NZ white label accounting 01. Identify and organise your accounting needs Determine what services you need to outsource to your white label accounting provider so that you don’t end up paying for more than is necessary. 02. Have a clear outline of your goals Creat ..read more

If you’re an NZ accounting services practice looking into outsourcing your accounting tasks, white label accounting just might be the thing for you. Take a squiz at these 7 tips and best practices to have a successful and productive relationship with your white label accounting services provider. 7 success tips and best practices for NZ white label accounting 01. Identify and organise your accounting needs Determine what services you need to outsource to your white label accounting provider so that you don’t end up paying for more than is necessary. 02. Have a clear outline of your goals Creat ..read more

As a small business owner you have to deal with taxes regularly. And quite often taxes can be very complicated. In this GST guide we’ll suss out the basics of the Goods and Services Tax (GST). What is GST? (The Goods and Services Tax)? According to the New Zealand GST act, the GST is a value-added tax that is imposed on goods and services, including imports, that are purchased for domestic use. Who pays GST? Your customers pay GST. What should you do as a business owner? If you sell domestic use goods and services, you must register for GST with the IRD using your IRD number and charge the tax ..read more

If you’re a small business owner, you probably know how important and challenging it is to stay compliant with tax regulations. Compliance is important to avoid fines, penalties, and any other legal consequences. But it’s also challenging because tax laws are constantly changing. We’ve got 7 top tips on how best to stay compliant with changing tax laws and regulations. Let’s take a squiz. How to Stay Compliant with Changing Tax Laws and Regulations – NZ Tax expert advice 01. Conduct regular reviews of tax laws Tax law changes are constant and irregular, so it’s important to do routine revision ..read more

Are you an accounting service provider? Are you chocka with work? Is it a mare to find the right resources and staff to get work done? If you answered yes to all three questions, then white label accounting services might be the thing for you. What is white label accounting? It refers to when accounting service providers outsource their projects and services to specialised third-party service providers. 5 reasons why white label accounting is a game changer for your business 01. High quality services for your clients White label accounting firms have a large pool of qualified and skilled accou ..read more