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2020 Publication of Business Central

True North has recently featured in the December 2020 Publication of Business Central, check it out by clicking on the link: http://publications.waterfordpress.co.nz/business-central/

LOW-VALUE ASSET THRESHOLD FOR DEPRECIATION

Dear Valued clients,  This year the Government passed legislation that temporarily increases the low-value asset threshold for depreciation from $500 to $5,000. This will allow you to deduct the full cost of your business assets with a value of less that $5,000...

GST Due for the period ended 30 November 2020

A friendly reminder that your GST Return is due on Friday 15 January 2021. We understand this is a difficult time for many businesses due to the COVID-19 compulsory shut down. We are here to help in any way we can, do not hesitate to contact us for support and...

GST Due for the period ended 31 July 2020

A friendly reminder that your GST Return is due on Friday 28 August 2020.We understand this is a difficult time for many businesses due to the COVID-19 compulsory shut down. We are here to help in any way we can, do not hesitate to contact us for support and advice.In...

2019 Changes for Employers

Minimum Wage Increase The New Zealand Government has announced that it will increase the Minimum Wage, raising it to $17.70 per hour. This is an increase of $1.20 an hour and will come into effect on 01 April 2019. If you employ staff at the Minimum Wage level, from...

2018 Annual Accounts Reminder

2018 Annual Financial Statements & Tax Returns A friendly reminder that your 2018 Annual Financial Statements & Tax Returns are required to be completed by 31 March 2019. Please help us to get your tax affairs in order before the deadline, by providing us with...

Rental Losses

Ring Fenced Losses for Residential Land You may have heard through the media that there is currently a draft bill before parliament which proposes to ring fence losses for residential land / rental properties. What this means for property investors is that losses from...

Xero Price Increase

To reflect the scale of its evolution and the advancements made, Xero has announced it is increasing some prices from 28 September 2018, this will affect anyone on the New Zealand standard or premium plan. The monthly subscription will increase as follows:...