Despite the recent weather, today is officially the first day of winter – a bit of a scary thought when considering what’s ahead of us. While the weather might be perfect for your office-dwelling accountant, it also means skiing, All Blacks, cranking fires and Milo, or single malt – it’s not all bad!
It’s GST time again for many of you. We almost don’t need to remind you these days, but for those that have a tendency to drag the chain – could you please aim to have Xero reconciled for us by say, Wednesday the 6th?
If you haven’t used Xero Files yet, you should.
Xero Files is the little folder-looking icon up the top right of your Xero and it’s your own wee dropbox or google drive specifically for your business. It’s secure, unique to your Xero and has a few cool features to speed up getting your data in.
You can drag-n-drop your files in there, or forward emails then turn these documents into bills or invoices, or just store them safely – but this is all nothing new.
One choice new feature is a separate email address you can forward .pdf bills to. You’ll then have a draft bill ready for you to finish off next time you log in to Xero. It’s all about cutting down the ‘clicks’ and giving you more time to do the exciting things. Check out this link to find out more here.
If you missed the last Xero tip, check out our most recent blog post.
There’s been a bit of legislation on the move and it’s worth mentioning a couple of more general points:
The residential land brightline rule has been pushed out from 2 to 5 years brightline
90 day trial periods are a no-go for new employees if your business employs more than 19 staff. Test your employer knowledge here employing people
Payday filing for employers is now optional, and compulsory from 1 April next year. There’s no software currently doing it, but it is something to be aware of payday filing
The global economy is sharpening up on what money is moving where. AML/CFT compliance is coming into accounting firms and from August this year the government will receive details of any international investments you have. Neither require actions from you right now and we’ll keep you posted if/when changes effect you.
As always, if you have any questions please pop in or give us a bell – it’s what we’re here for!
Keep kicking ass!
Your Outside team, and Ruby
Address: Level 2, 182 Vivian Street, Te Aro, Wellington 6011, New Zealand
Mail: PO Box 24-457, Wellington 6142
Phone: 04 889 2975
As a business owner, reviewing your financial reports each month is essential for maintaining control and steering your business in the right direction. Here are six key reasons why you should prioritize this important task.
Starting your own business is exciting, but handling all the financial details can be overwhelming. Instead of spending your time managing the books, you could focus on growing your business. This is where expert accounting firms like Outside Accounting step in.
Choosing the right accounting software is crucial for your small business, and with so many options available, it can be challenging to decide which one is best. Xero Accounting Software stands out as a popular choice, but what makes it so special? In this article, we’ll explore six key benefits of using Xero for your small business. If you’re looking for a skilled, cost-effective accountant in Wellington to assist with your small business bookkeeping, reach out to the friendly team at Outside Accounting today.
Bookkeeping fraud, including embezzlement and theft from company accounts, can quietly drain your business’s resources for years before being discovered. The consequences can be devastating. This guide will explore how bookkeeping fraud happens and provide five effective strategies to protect your business from it.
Taking control of your small business’s financial operations is a critical step toward long-term success. With accurate financial planning and expert assistance, you can create a roadmap for expansion and growth within your industry. While managing small business finances may seem daunting, following the right steps can make the process both enjoyable and highly profitable.
As a small business owner, keeping a close eye on expenses is essential, and that includes accounting costs. You might wonder if your accountant’s fees are worth it or if you could handle it yourself using online accounting software.
ALL POSTS
NEWSLETTER SUBSCRIPTION
