Understanding Bonding Trips: Bonding trips are activities organized by businesses to strengthen relationships among team members, boost morale, and enhance cooperation. These trips often include team-building exercises, outdoor adventures, and collaborative projects. However, if the trip was considered personal in nature by IRD or not primarily for business purposes, the expenses are not tax deductible.

Provisional tax is a way of paying your income tax in instalments throughout the year, rather than in a lump sum at the end of the tax year.

Learning how to use Xero doesn’t have to be difficult, it's pretty simple once you get your head around a few key rules. Understanding your bank rules will make your accounting life easier, especially if you’re spending a lot of time coding repetitive bank transactions. Simply watch this video and in under 2 minutes you will know how to create bank rules.

Plans to suit your business all pricing plans cover the accounting essentials, with room to grow. As your accountants, we will help select a plan best catered to your needs and most importantly show you how to use it correctly. We will discuss the plans, payments and features in your free consultation.

Entertainment expenses when with clients or colleagues on business, like Lunches and Dinners are generally 50% deductible. We encourage you to code it to entertainment and at the end of the year we adjust for the non-deductible portion of larger bills. 

Our job as accountants is to save you more in tax than your accounting fees. Modern accounting practices using accounting software platform work efficiently so the accounting services are becoming affordable over the years.

What you can claim for Motor Vehicle Expenses. If you have a vehicle expense that is partly for your business and partly for your private use, you can claim the proportion that relates to your business. 

Congratulations you have just started using Xero. Now we need to start learning how to use it correctly. Reconciling is the process to confirm that all the transactions in your business bank accounts are recorded and matched to your Xero records.

Your accounting doesn't have to be something you are scared of, we are here to help ensure long term success within your midwifery business. If your XERO is maintained correctly it is going to make our jobs easier, come the end of the tax year.

Introducing our latest recommendation to make your life easier, say hello to “ Drivers Note” an app that makes logging all your trips 10,000 times easier than a pen and paper once did. This app automatically tracks your cars movements, literally tap auto track and press start - let the app take care of the rest. Using your mobile’s GPS it will record your trip from start to finish.

Did you know you can attach your receipts to Xero? Yes that's right you can keep all your paper versions in a shoebox under the bed, and your Xero can keep a virtual record of it all.

It's time to learn how to send invoices with Xero! Simply watch this short video on our blog and it will show you key steps to get up running in no time.