Flat white?

A wee while back, we set ourselves a team target and dangled the promise of an office coffee machine as the carrot. The team ticked off the target and Bobs-your-uncle, we’ve got ourselves a coffee machine. Out of it all it highlighted the benefits of goal setting, team work, shared success (with a coffee in hand). Have you got your team humming after a goal setting session? Maybe we can help?

Our coffee art leaves a bit to be desired but the coffee is going down well – drop in for a brew!

The usual hustle – it’s time to bring your Xero up to speed so we can get a handle on how you’re tracking into the first provisional tax payment for the year… Could you please have Xero reconciled to date by Monday the 5th of August? Tu meke!

Xero Tip

Depreciation is something which is often confusing for small business owners in terms of why, when, how and where it impacts their business. While it’s something we take care of for you administratively, it’s helpful for you to understand the essentials when thinking strategically about asset and business acquisitions or sales.

Xero has a well-worded one pager all about depreciation which is worth the 5-minute read, even if you are all over it. If reading it triggers any opportunities or concerns, we’re happy to chew the fat with you and advise where we can. Check out the link here

IR Refund Scam

As you’ll be aware, Inland Revenue has made a few noticeable changes in the past year. One of the updates has been automatic individual tax assessments, with any resulting refunds paid out to the tax payer’s bank account on confirmation. The theory is great, but in practice, there’s two issues:

1. We’re seeing some of you receive refunds that haven’t accounted for your business income. To avoid us baring bad news later, please check with us before you take the money and run.

2. It’s a scammers dream landscape and some phishing emails look legit at first glance, even to a trained eye. Inland Revenue released a handy one pager with some tell-tale signs your ‘refund’ may not be as it seems – IR scam tell-tales

Stay safe out there, remember we’re always here to help.

Accounting firm

Missed the last blog post? Check it out here  Remember to follow our Facebook page, Instagram and Linkedin to keep up to date with your favourite Accountants!

Dont forget to get your team goal setting!

Talk soon,
Your Outside team, and Ruby


Wellington Accountants | 

Business Accountants | 

Construction Accountants 

Property Accountants 

Contractor Accountants 

Hospitality Accountants |

Property Developer Accountants | Accountants Wellington | Wellington Accountant | Restaurant Accountants | Cafe Accountants

AddressLevel 2, 182 Vivian Street, Te Aro, Wellington 6011, New Zealand 

Mail: PO Box 24-457, Wellington 6142

Phone04 889 2975

Aro Valley Accountant | Berhampore Accountant | Breaker Bay Accountant | Brooklyn Accountant | Churton Park Accountant | Crofton Downs Accountant | Glenside Accountant | Happy Valley Accountant | Hataitai Accountant | Houghton Bay Accountant | Island Bay Accountant | Kaiwharawhara Accountant | Karori Accountant | Kelburn Accountant | Kilbirnie Accountant | Makara Accountant | Miramar Accountant | Mornington Accountant | Mount Cook Accountant | Mount Victoria Accountant | Newlands Accountant | Newtown Accountant | Ngaio Accountant | Ngauranga Accountant | Northland Accountant | Oriental Bay Accountant | Owhiro Bay Accountant | Redwood Accountant | Rongotai Accountant | Seatoun Accountant | Shelly Bay Accountant | Tarikaka Settlement Accountant | Thorndon Accountant | Vogeltown Accountant | Wadestown Accountant | Wellington Central Accountant | Johnsonville Accountant