In a bid to drive economic productivity and growth, the National Government has introduced the investment boost initiative. At a micro level, this tax incentive provides businesses with additional funds in the form of tax savings, hopefully resulting in companies becoming more competitive. Under this new scheme, from 22 May 2025, businesses are able to claim 20% […]
As a business owner, do you ever feel you are on a hamster wheel, constantly running, but failing to make progress? Sometimes this is caused by working in your business as opposed to on your business. You might think this is semantics, but experience has shown that those that appreciate the difference are more likely to […]
You’d be living under a rock if you didn’t know interest rates have been steadily declining. This is due in part to the official cash rate (OCR) decreasing over the last 11 months. Depending on what camp you sit in you'll either be pleased or disappointed with the lower rates. Borrowers who've recently borrowed will […]
SELLING YOUR BUSINESS FOR WHAT ITS TRULY WORTH. In every successful business owner’s life, the day dawns when they want or need to transition out of their business. Maybe they’d like to work less and hand over their business to someone else. Maybe they want to sell and sit back enjoying their retirement. Whatever the […]
It's widely recognised Xero is a top choice among accounting software for businesses. It’s also no secret that errors in Xero are easy to make and can prove costly. What often surprises users is the magnitude of these costs. Typically, such errors remain undetected until year-end, when your friendly Lion Accountant is trying to prepare […]
In each edition of Our Roar, we intend to showcase products and services of some of our clients, that we think others will be interested in learning about. One such business is our client Loyal Pooch. This company has designed a stylish storage solution that is suitable for all homes. We've been privileged to help […]
Every year, hundreds of residential property investors claim expenses for the costs of fixing up and upkeeping their rental properties. When expenses are incurred, investors fully expect to receive a tax deduction for the money they’ve spent but not all expenses are deductible. Whether an expense is claimable depends upon the nature and extent of […]
With the end of the financial year finally here, it’s crucial to organise your financial records correctly before forwarding your information to us. The benefits to doing this early are numerous. First, your tax position will be established early in the financial year, providing you with the much-needed time to plan your business affairs. Secondly, on the basis […]
If you’ve just read the article about the construction sector being scrutinised, you’ll know being audited by the IRD is a real possibility. Anyone can be selected for an audit by the Commissioner. Audits are time consuming and expensive too. A way to manage this risk and associated cost is through Audit Shield Insurance. You […]
Free Money & Key Dates As the new Financial Year is well and truly underway, we thought it a good time to remind you of some of the financial benefits available and ensure you're aware of a few key dates ahead. Do you still have outstanding tax payments due for 2022? We are able to use a […]
As you may be aware, on 30 March 2022 a new set of rules around GST tax invoices came into effect. The purpose of this was to simplify GST record keeping. This meant tax invoices no longer remained an absolute necessity when submitting expense claims, with the exception of sellers. It also removed the requirement […]
Just a reminder, if you applied for the Small Business Cashflow Loan (SBCS) in mid 2020, the two year interest-free period will be coming to an end. You should have received a letter from IRD, via MyIR, with instructions on how to repay this. If you have already repaid your SBCS loan in full, you […]