Dealing with GST invoices has become much simpler with the new rules implemented by Inland Revenue from April 1, 2023. The aim is to modernise your record-keeping systems, bringing you closer to a paperless business environment.
Starting in April, there is no longer a need to keep physical copies of tax invoices, credit notes, or debit notes. Your taxable information can now be stored digitally, whether it’s within your accounting software, transaction records, or contractual information.
You no longer need to label your invoices as ‘Tax invoice.’ The new terminology is ‘taxable supply information,’ but you don’t have to make any modifications to your invoices. It’s simply Inland Revenue’s way of clarifying that specific information must be included on the documentation – no further changes are needed.
These changes were necessary to legalize e-invoicing, so your system-to-system invoices remain valid without the need for physical paperwork or even a PDF to be exchanged.
We’re here to assist you!
If you’re uncertain about the records you need to keep, feel free to contact us. We can discuss how these changes may impact your business and how you can leverage e-invoicing to reduce the risk of invoice fraud. Get in touch with us today!
Your Outside Team
Need a bit of assistance with your
business? Contact an Outside Accounting team member today and learn more about
our fixed fees. You won’t regret it.
Aside from business consultation, we
are business accountants Wellington
who offer accounting, bookkeeping, payroll services designed to
help you achieve greater financial success.
You can click here to speak to a business, accounting and bookkeeping firm. We will give you a
call to know more about your needs. We will explain to you how we can improve
your business.
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