For the past decade, cloud IT was suggested by many as the solution to everything. Now ‘hybrid IT’ is emerging as the most pragmatic and cost-effective approach for all but the smallest businesses.
If you are thinking of purchasing equipment for your medium business, now is the perfect time. The instant asset write-off threshold has been extended and increased.
32% of medium and large businesses are failing to meet their Single Touch Payroll reporting obligations and may be subject to ATO penalties from 1 July 2019.
Your EOY reporting is about to become a lot easier. Under Single Touch Payroll you are no longer obligated to issue payment summaries or submit a payment summary annual report.
Unlock the full potential of your medium business. Understand the six most common barriers to growth and tactics you can implement immediately to help overcome them.
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All New Zealand employers should have received a letter from Inland Revenue reminding them that payday filing is coming and a ‘how to’ video on getting started with your shift to payday filing.
While many talented young staff may prefer advisory over compliance, too much time is spent promoting apps to small business clients, when medium and large businesses account for two thirds of revenue.
Inland Revenue has scheduled 300 seminars to help New Zealand employers prepare for payday filing. Adjusting to a new payroll system is not something you want to leave till the last minute.
40,000 employers have commenced Single Touch Payroll reporting. Whilst this represents the majority of businesses with 20 or more staff, it still leaves a large number yet to meet their compliance obligations.
All New Zealand employers should expect to receive a letter from Inland Revenue confirming the 1 April 2019 payday filing start date and telling businesses “It’s time to shift to payday filing”.
Alarmingly only 5% of advisors have raised Single Touch Payroll with their clients. Medium businesses in particular rely on their accountant or business advisor to keep them on top of compliance requirements.