Aro Accounting | Insight
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Insight

It’s been a rough start to the year. And for many, this latest disaster is far from over. If you have been affected, our thoughts are with you. Businesses aren’t immune from the effects. We know that this will be a stressful time for many business...

Wet weather Our thoughts are with everyone who has been affected by the recent flooding, its scale was both dramatic and terrifying. At the time of writing, it appears that it may not be over as more rain is forecast. If you or your business has been...

Ahhhh the festive season is upon us again! A time for family, too much eating and drinking and hopefully getting to ‘unplug’ for a few days. But it is also a time for added financial stress – Consumer NZ has found that 2 out of...

Sick of gloomy economic news? Me too. Inflation, fuel prices, interest rates, currency fluctuations, it all sounds a bit grim. It can be a bit like hearing about a winter storm barreling toward us. But just like a bad weather forecast, this grim news can...

Kiwis are well known for our good work ethic. According to the Productivity Commission we work more hours per week than the OECD average. But, alas, our output is lower. Or put another way, it takes us more time to produce the same amount as...

August tax payment time If you pay tax provisionally, good news! The 28th of August is just around the corner and this is a payment date for many people and businesses that pay tax provisionally. If you have provisional tax to pay, keep an eye out...

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...

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...

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...

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...