CAPTAINS LOG: THE FIRSTMATE BUSINESS ACCOUNTING BLOG
Keep up to date with Firstmate and the Xero accounting world through our Business Accounting Blog. We'll let you know important dates, notable changes and other bits and pieces worth knowing to keep your business running smoothly.
Basics of business expenses11.04.2014
One of the most common questions we get particularly from new business owners is what can and can’t be claimed as a business expense.
Here is a short video from the IRD explaining the basics.
Reducing your end of financial year stress27.03.2014
The New Zealand Business website talks about some ways you can help reduce stress at the end of the financial year.
In a nutshell they recommend four key areas:
1) Managing your accounts on a monthly basis.
2) Using Technology.
3) Drawing up a financial year-end plan.
4) Employing a professional.
At Firstmate we understand the stress your business accounting can cause. We have a Xero based, fixed priced solution that will keep you accounts up to date on a monthly basis and allow you to concentrate on the areas of the business you’d rather be working on.
Contact us now and find out for yourself how Firstmate can work for you.
Financial Reporting Act Confirmed20.03.2014
On 13 March 2014, the Minister of Commerce, the Hon Craig Foss, and the Minister of Revenue, the Hon Todd McClay, announced that the Financial Reporting Act 2013, which changes financial reporting obligations for most companies, comes into effect on 1 April 2014 and applies to income years starting on and after 1 April 2014.
