Xero is still the king if you need invoicing functionality (sending, reminding, statements etc) and also where you may be large or complex enough so need to report on who owes what at any particular time. If that sounds like your business then you are likely saving sufficient time and stress to make the monthly Xero subscription for a Business Edition worth the investment. However, where your invoicing is… Read more
Let’s face it, payroll is a specialist area of business which needs support, time and effort to be done right. Small business owners routinely have little of all of those. So why not remove the issues altogether and outsource your payroll? We are an advocate for outsourcing payroll and below we shall look at some alternatives to doing this yourself in Xero. Let’s start with Xero. Payroll is an add-on… Read more
Whilst on holiday recently I read the sad story of the owners of the Ruru childcare centre who were the victims of an invoicing scam. Reviewing the circumstances that allowed the fraudsters to commit this crime I realised that it really could happen to any of us. After all, the perpetrator had simply accessed an email account, intercepted an invoice, doctored the payment details and resent it. Email account hacking happens all the time. I’m… Read more
Clients often ask what they can and cannot claim in relation to food, drink and other entertainment expenses and this area often tends to be confusing. Due to this we see clients either claiming everything or nothing. Claiming everything can leave you exposed to investigation with interest and penalties being imposed on overclaimed tax. This concern often leads other clients to claim nothing thereby missing out on a genuine tax… Read more
Does your filing system consists of receipts and invoices stashed in a shoe box, email inbox, mail tray, filing cabinet, work truck, jeans pocket .. ? Sound all too familiar? Compiling and storing your business files and paperwork can be a time consuming headache and can add up to piles of paper not to mention stress at tax time when your accountant asks you for documents and you can’t track… Read more
As IRD can now accept electronic signatures, we will be sending your returns via a Xero portal for you to view, then electronically sign and return to us for filing. This saves you having to print, sign, scan/post/hand deliver your returns! Your signed return stays available online so you can view and print whenever you like. See how it works here: https://youtube.com/watch?v=eqwV06EE36Y Read more
Businesses of all sizes are under constant threat from cybercriminals and malicious software, with even some of the world’s largest and apparently impenetrable organizations making headlines in recent years after falling victims to cyberattacks. Although the risk is generally lower for smaller companies, since they don’t tend to be primary targets for hackers, it is still essential to take every precaution to make sure that you, your employees and your… Read more