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Accounting tips for all of you savvy business people
Drawings vs. Wages: What’s the Best Approach for Business Owners?
As a business owner, choosing how to pay yourself is a crucial decision. Should you take informal drawings from your business’s profits, or opt for a formal wage processed through PAYE? Each method has its own set of benefits and considerations. In this post, we break down the pros and cons of both approaches to help you make a well-informed decision.
How to Add Your Company IRD Accounts to Your Personal MyIR Login
Not sure how to see your companies IRD accounts? We break down the steps to get MyIR access to your company in a simple and easy to read format.
Tax Deductible Clothing
Not sure what clothing or uniforms can be claimed as a business expense? We’ve detailed what you can and can’t claim in our latest post!
Fringe Benefit Tax Explained
Not sure what the fringe benefit reimbursement in your financials stands for, or if the benefits you provide your team need to be taxed? In this blog we cover everything you need to know around FBT - aka Fringe Benefit Tax.
Xero Analytics Plus
I’m a big fan of Xero Analytics Plus for supporting cashflow decisions and seeing if your business is on track for supporting you and your finances! It really does enable you to prosper through proactive accounting, which we are all about.
Home Office Claims for business owners
Let us give you the break down on how to calculate your home office claim, or the information we will require to do this for you!
Professional Email Signatures
The simplest, and (I think) greatest tool to create a professional email signature!
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