07 343 1197 | 1076 Pukaki Street, Rotorua info@tnca.co.nz

Business Expenses: To claim or not to claim

Claiming tax deductions against business expenses is essential to optimise your operational spending, minimise tax costs, and improve cash flow. Remember, the more deductions you can claim, the lower your tax bill will be. However, ensure that you have records to...

Xero Pricing Change Reminder

Xero has announced that from 13 September 2023 the monthly price of Xero Business Edition plans are changing: Starter plans increase by $2 to $33+GST ($37.95 incl GST)Standard plans increase by $5 to $71+GST ($81.65 incl...

Reconnection of BNZ Bank Feeds in Xero

BNZ is changing the way its Xero bank feeds work, making setup simpler and improving access to transaction data. As a result, you will need to reconnect your BNZ bank feeds to Xero between now and 14 August 2023 so that your bank feed continues. If you have access to...

Xero Price Increase

To reflect the scale of its evolution and the advancements made, Xero has announced it is increasing some prices from 15 September 2022, this will affect anyone on the New Zealand starter, standard or premium plan. The monthly subscription will increase as follows:...

COVID-19, Short-Term Absence Payment now available!

Hello,  On 8 February 2020 the Government announced a new COVID-19 Short-Term Absence Payment (STAP) to support employers and self-employed workers. The STAP is available from 9 February 2020, through Work and Income, to employers for employees, and self-employed...

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...