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
If you run a business in Wellington, it’s time to double-check that your payroll systems are up to date. As of 1 April 2025, the minimum wage in New Zealand has increased, and failing to adjust your systems could lead to non-compliance and financial penalties.
On 1 April 2025, the New Zealand minimum wage increased, and it’s crucial for Wellington business owners to ensure their payroll systems and employee records are up to date. Failing to comply can result in costly penalties and damage to your reputation — not to mention disgruntled staff.
Creating and maintaining a solid business budget is one of the most effective ways to manage your finances and drive business growth. For businesses in Wellington, budgeting isn’t just about predicting income and expenses — it’s a vital strategic tool that gives you control, clarity, and confidence.
From 1 April 2025, New Zealand’s minimum wage will increase, impacting businesses across the country. As an employer, it’s essential to understand how these changes affect your payroll, budgeting, and overall business operations. Here’s what you need to know to stay compliant and prepared.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
You started your business to enjoy the freedom of being your own boss — yet somehow, you’re working longer hours and feeling overwhelmed with admin, meetings, and constant demands.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
With 31 March fast approaching, now’s the perfect time to prepare for the end of the financial year. Acting early can save you time, reduce stress, and ensure your business is ready to thrive in 2025. If you’d like a checklist to guide you through the process, reach out — we’re here to help.
ALL POSTS
NEWSLETTER SUBSCRIPTION
