News
Hobby or Business?
You sell the odd hand-knitted scarf to friends, or maybe you sell your knitwear every week at local markets. Regular sales can mean you’re in business, and have tax obligations to fulfil. Questions to ask yourself It's important to understand the differences between a hobby and a business. A small side hustle you’ve been doing for years could be classed as a ...
Owner-operators: Tips to beat isolation
Being a solo operator can be isolating, and it can sometimes feel like your work is your life. It doesn’t need to be like that. Read on for tips to help you feel more connected. Support when you want it There’s a lot to be said for being your own boss. Going it alone means you control your business – and all ...
Introduction to holidays and leave
There are different rules for different types of leave. Understanding your obligations as an employer makes it easier to work out leave entitlements and approve leave applications — leading to happier, more productive employees. Holidays and leave at a glance All employees working in New Zealand are legally covered by the Holidays Act (2003). The Act requires that: as an employer, you keep ...
Family business planning over summer
The summer holidays offer a good opportunity to get together and discuss plans for your family business. But there are some rules you should follow to make sure it’s only the barbeque that gets heated! Dinner discussions: Why they're important Working in any family business – where two or more family members work in a business owned by the family – has ...
Sending Post dated cheques to IRD
At Inland Revenue they’re working on ways to reduce the numbers of cheques they issue for refunds and accept for payment. They’re doing this because from March 2020 the systems to handle cheques will no longer be supported. The banking sector is in a similar situation. From February 2019 they intend to no longer accept post-dated cheques as a method of ...