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Understanding GST – A guide to the Goods and Services Tax
What is GST? The Goods and Services Tax (GST) is a consumption tax charged on most goods and services in New Zealand. The current rate is 15%. GST is added to the price of taxable goods and services, and businesses are responsible for collecting this tax from their customers and paying it to the Inland Revenue [...]
How to manage your receipts better
There’s nothing more painful than trying to pin down a receipt for something you bought a long time ago. Searching, sorting, and filing all those bits of paper is tedious and time-consuming. However, as a business owner, you need to keep track of them when buying goods or services. If you want to claim expenses […]
Keeper of books: A co-operative approach
Throughout this article series, I have been expressing the importance of bookkeeping and its technological growth and impact on accounting for millennia. I would now like to discuss the golden opportunity to give your accountant a fresh approach. ARTICLE SERIES: KEEPER OF BOOKS Working with different sized companies that operate inversely from each other is […]
Keeper of books: Out with the old, in with the new
Traditional bookkeeping once involved tedious, manual, data entry, stuck behind the computer. Transactions were typed in one digit at a time, and bank reconciliations typically only happened once the paper statement was received or downloaded from an online banking platform. ARTICLE SERIES: KEEPER OF BOOKS The old… Paperwork needs to be filed and stored for […]
Keeper of books: What makes a great bookkeeper?
Are you sick and tired of spending hours upon hours, scrolling through your accounts, wondering where all your hard-earned money has disappeared to? Perhaps it was that dress you bought on the company card, or that pesky subscription you never meant to sign up for? Or was it neither? Had you fallen into a fraudulent […]