Tag Archives: engineer accountants

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.

As your accountant, we’re not just here to manage your finances — we’re also here to support your strategic growth. One vital part of that growth is business development (BD). By driving your BD strategy forward, you can transform your company from steady, organic growth to fast-paced expansion and lasting success.

In today’s unpredictable economic climate, knowing what’s ahead is a game-changer for business leaders. But with economic shifts, political changes, and evolving market conditions, predicting the future isn’t easy.

Did you know that 95% of New Zealand small businesses experience at least one month of negative cash flow each year? This means that even profitable businesses can find themselves struggling to pay bills if they’re not actively managing their cash flow.

At Outside Accounting, we understand that staying compliant with tax obligations can be complex, especially with recent Inland Revenue initiatives targeting various sectors and financial activities. From hidden economy audits to cryptocurrency monitoring, the tax landscape is evolving, and businesses must stay ahead to avoid penalties and ensure smooth operations.