One of the trickiest parts of tax season for small businesses is figuring out what expenses are actually claimable. Here’s the good news: you can claim deductions for a wide range of business costs, like office supplies, travel, and even a portion of your home office expenses if you work from home.

Smart administration streamlines business operations through automation and sustainability. It involves digitising documents and adopting cloud-based solutions to enhance accessibility and collaboration while reducing paperwork.

Whether you’re a sole trader, a company, or a not-for-profit, tax claims allow you to "claim" specific costs related to running your business.

From video conferencing platforms like Zoom, where team meetings feel like friendly gatherings, to interactive project management tools such as Trello and Asana, transforming task management into an engaging journey, the options are as diverse as they are innovative.

You need to register for GST if your annual sales are expected to be over NZD $60,000 in a financial year.

One size does not fit all when it comes to business, you are not limited by your specific trades or skills; instead, you have the opportunity to explore and expand your potential beyond what you might initially think. The best way to define your business is to make a Business Plan, this allows you to see the full picture of your business or organisation over the next 3 years. Your business plan explains how you will operate, earn revenue, and handle expenses and most importantly clarifies roles and processes in your organisation.

About 50,000 new companies are registered in New Zealand each year, reflecting the nation's enduring culture of entrepreneurship. But every year, some 40,000 companies are also removed from the register, demonstrating that while founding a business is one thing, maintaining it can prove challenging.

A not-for-profit organisation (NFP) in New Zealand is an entity created to serve a specific cause or purpose that benefits a community, group, or the public rather than aiming for profit.

A Limited Liability Company, or LLC, is a business type that helps separate your personal finances from those of the business.

What does it mean to be your own boss? This guide covers what it's like to be a sole trader, focusing on the unique traits and duties involved.

If you find that your time is better spent on other critical aspects of your business, consider outsourcing some of your administration tasks. This could be a permanent arrangement while you search for the right employee, assistance with one-time projects or presentations, or even covering someone on leave

No matter how many people told you, you didn’t believe how much admin it really took to run your own business. The labyrinth of tasks, from bookkeeping to compliance, demands unwavering attention and deft organisation.

Who's reconciling your accounts? Your accountant won't be handling this task; it's up to you to take charge. If you find yourself short on time, hiring a bookkeeper can ease the workload.

When starting a new business venture, you’ll encounter a wide variety of expenses that can arise at any given moment, and it’s crucial to understand which ones you can legitimately claim for tax purposes.

Anybody who has already been through their first year of End of Year Taxes knows how much of a nightmare a lack of records can be. It is easy to misplace receipts or even lose them.

Digital solutions offer a sustainable alternative to traditional paper methods. Transitioning to a paperless system not only reduces storage needs but also improves accessibility. Cloud storage and a document management system allows businesses to store documents securely as well as ensuring they are organised and easily retrievable. Implementing digital signatures and online forms can also further minimise the reliance on paper.

There are many options when branching out your new business, many are capable of managing your revenue. By utilising platforms such as Xero for accounting, Stripe for payments, and Squarespace for e-commerce, you can streamline the management of both your overheads and expenses, making it easier to stay on top of your business finances.

Technology isn't for everyone, whether it's an aversion to change or a preference for traditional methods. Some individuals find comfort and efficiency in hands-on practices that do not rely on digital tools.

Some of you will be thinking your shoebox is working just fine and there's no need to waste precious time on bookkeeping and to be fair, this works for a lot of people.

A bookkeeper is essential for keeping financial records accurate, helping businesses make smart financial choices. They support accounting processes and help maintain the financial health of an organisation.