Wellington Latest News (Wellington, New Zealand)

As the government plans to increase the trustee tax rate to 39%, understanding the proposed changes is essential for trustees and beneficiaries alike.

The recent announcement of changes to the tax Bill currently progressing through Parliament has significant implications for property investors and businesses alike.

Incorporating a New Zealand company is typically focused on business operations and income generation.

As the 2023/24 financial year draws to a close on 31 March 2024, it's time to review your business's financial position and take necessary steps to optimize your tax position.

Mark your calendars: The minimum wage is set to rise to $23.15 per hour starting April 1, 2024, marking a 2% uptick from the current $22.70 hourly rate.

As we step into the new year, it's the perfect time to reflect on the past and strategize for the future.

With a new government in place, it's natural to wonder about potential changes, especially when it comes to taxes.

Running a hotel or motel doesn't mean you have to navigate everything alone. What truly counts is having a dedicated team of financial experts to elevate your establishment to the pinnacle of the hospitality industry. Enter Outside Accounting.

Operating a small business in New Zealand comes with its challenges, particularly when it comes to managing finances. Many small business owners attempt to handle accounting and tax matters themselves to save money.

In the face of economic challenges, understanding how to recession-proof your business becomes paramount.

As a home builder, navigating through supply chain disruptions and surging material costs is familiar terrain. However, prudent planning mitigates these risks while reducing wait times and optimizing inventory management.

A construction project's success lies in streamlined payments, minimized disputes, and legal protection. Lien waivers, when used effectively, make these aspirations a reality.

Accurately estimating remodeling projects is crucial for successful renovations. Our guide covers the essential elements of precise estimates, emphasizing client satisfaction and project transparency.

Navigating the intricacies of pricing structures in the bustling construction industry can be daunting. Amidst uncertainties, open book pricing emerges as a beacon of trust between construction companies and their clients.

Choosing between building or buying a home remains a significant decision for many, especially amid rising mortgage rates and limited housing inventory.

In the fast-evolving world of hospitality, adapting to dynamic customer needs and market shifts is essential for sustained success. Proper accounting and precise financial planning are pivotal in steering these businesses toward long-term prosperity.

Efficient accounting serves as the cornerstone of any thriving hospitality enterprise. Beyond number-crunching, it entails strategically managing finances to foster growth and sustainability.

The hospitality industry, encompassing restaurants, hotels, and tourism, stands as a linchpin in the global economy. However, managing taxation in this sector can be intricate and overwhelming due to ever-evolving tax laws.

In the fiercely competitive hospitality industry, adept cost control is a make-or-break factor for businesses.

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Embarking on the journey of starting your own business can be quite daunting, especially if you're a tradie accustomed to working with your tools.

Small businesses, from your local plumber to your beloved café, play a vital role in our communities. They fuel job creation, drive economic growth, and provide gathering places for people to connect.

Business Accountants: New Zealand Tax Policy Post-Election: Potential Changes Ahead As New Zealanders await the formation of the 54th government after a whirlwind General Election, it's time to explore the potential future of tax policies in the country.

In the current real estate landscape marked by rising mortgage rates and limited inventory, the decision of whether to build a house or buy an existing one is more crucial than ever.

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Efficient and accurate accounting is vital for the success of any hospitality business, especially for hotels and restaurants with various financial transactions and complexities.

Construction purchase orders (POs) play a vital role in the procurement process for construction projects. A well-managed PO system ensures timely delivery of materials, minimizes misunderstandings, and provides a traceable expense record.

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Effective job costing is paramount for ensuring the profitability of your construction business. It involves meticulously breaking down each project's expenses in real-time, allowing you to proactively address issues and maintain a healthy cash flow.