Aro Accounting | Business
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Business

Interesting fact… According to The World Bank, the average net income per capita for the whole world was $9,434.42 (USD) per year in 2019. That translates to $13,585.56 NZD. The world is quite a disparate place. Switzerland had an average net income per capita of $65,600 USD...

02 May, 2022

Today marks the first day of the 2023 financial year, so happy New Year! With the advent of modern accounting software, the ‘end of the financial year’ isn’t the palaver that it once was and now tends to pass relatively uneventfully. But one of the...

03 April, 2022

New financial support available for business The government has announced further financial support for businesses affected by Covid-19. Covid-19 Support Payment The first is the Covid-19 Support Payment. This is a fortnightly payment of $4,000 + $400 per employee. There are a number of criteria, but the key...

28 February, 2022

If a staff member has to self-isolate, are they entitled to sick pay? Can you ask for proof? Are there subsidies available if you have to stand staff down? What are employers responsibilities around Covid and the workplace? Covid-19 adds complexity to an already complex subject...

24 February, 2022

And so it happens, NZ finds itself in Alert Level Red. Perhaps it is because we are all getting used to living with Covid, but it seems that there has been less information for businesses coming out from government agencies this time around. Generally speaking, businesses...

24 January, 2022

Today saw the next iteration of support measures for businesses announced. The announcements were scant on details, but we expect that will be released over the coming week to 10 days. Here is a very brief summary of our take: The Resurgence Support Payment (the one...

21 October, 2021

Just in case you missed it… Auckland is still in lockdown. Many of us are itching to get out and about a bit more, or for parents, get kids back to school. But it looks likely that we’re going to be living with some form of...

29 September, 2021

It’s been a long time coming, but there has finally been some guidance released about the new tax rules on residential rental property. At this stage, they are still just proposals and are subject to change, but a couple of key points: If you purchased...

29 September, 2021

Last Friday, the government announced that they would be offering another round of the Resurgence Support Payment. This is the subsidy that is administered by IRD. Applications open this coming Friday (17th of September) at 8am. To qualify, your business will need to show a 30%...

12 September, 2021
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RESOURCES

We’re all about making your life easier. We have compiled some resources that will help you (and us) when it comes to tax compliance. Click on the links below to download the files.
 
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