Learn how to calculate business vs personal vehicle use with IRD’s logbook method, plus alternative options for claiming car expenses. Count Me In Limited makes it easy for NZ small business owners.

What Is Terminal Tax? Terminal tax is the final tax payment for a financial year. It’s the amount you still owe after subtracting any tax you’ve already paid, like provisional tax or PAYE. Here are some key points to remember: It’s based on your actual income for the year. If you didn’t pay enough tax during the year, you’ll need to pay the balance as terminal tax. If you paid too much, you’ll get a refund. Due Date : The terminal tax is usually due on 7 April following the

In today's competitive business world, having a solid budget is not just smart; it’s vital for success. A well-planned budget serves as a roadmap, guiding you through your organization's financial journey. It enables informed decisions that lead to growth and profitability. Whether you're a small start-up or a well-established company, mastering the art of budget creation can significantly boost your business management skills. As we start the new financial year, now is the i

The government has announced an increase in the minimum wage, effective from 1 April 2025. This change aims to align wages with living standards and the ever-increasing cost of living. For business owners, this adjustment can have a substantial effect on payroll costs, cash flow, and overall profitability. Understanding how to navigate this transition is crucial for maintaining a successful business. Understanding the New Minimum Wage Starting 1 April 2025, the adult minimum

Forecasting - taking the guesswork out of your finance strategy

Being self-employed requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to understand what expenses you can and can’t claim. This means you’ll keep the right receipts and track the right expenses. Figuring out

Are you making any of these accounting mistakes>? We've outlined the top 5 accounting pitfalls that small business owners trip over, so you don't have to make the same mistakes: Starting a business can be a challenging experience, especially when it comes to managing your numbers and staying on top of your financial management. Unless you’ve got some experience in finance, the bookkeeping and accounting requirements can be quite daunting. And even with today’s helpful cloud a

In today's digital times, you're probably used to having unrivalled access to your financial numbers, key performance indicators (KPIs)...

The Workplace Relations and Safety Minister has announced that the adult minimum wage will be rising to $23.15 per hour from 1 April...

Does your business use both employees and contractors? It’s important to distinguish between them as they are paid and taxed differently. Despite what you may call the individual concerned, that description is not definitive. If the status of the worker is questioned in the Employment Court or Employment Relations Authority, for example, the Employment Relations Act 2000 requires a consideration of the ‘real nature of the relationship’. Common law tests assist in determining

Founding, building and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn't...

Are you still wasting time on manual bookkeeping processes? We’ve explained why digital bookkeeping is the way forward for any serious...

Accounting tasks don’t have to eat into your business time. With the right cloud accounting software, you can save time and money – while...

Can you buy gifts or vouchers for your employees without incurring fringe benefit tax or PAYE? Learn what you can buy and how much you...

Have you updated your payroll systems and processes for the new minimum wage? When there are added stressors on cash flow, it can help to...

Provisional tax is like paying progress payments on next year’s income tax. Be aware of the rules that can lower compliance costs for...

The Prime Minister, Chris Hipkins has announced that the minimum wage will go up from April 1 2023, to $22.70 - a 7% increase from...

Your GST return is due soon. You need to file your GST return at the end of every taxable period (this may be monthly, 2 monthly or 6...

Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from invoice scams, and it can help you...

The Inland Revenue spent 2020 and 2021 being much more relaxed about outstanding tax – but that grace period is coming to an end as they...