Closing a business is a significant decision that comes with financial and administrative obligations. Whether you’re winding up a company voluntarily or due to financial difficulties, understanding the costs involved can help you plan effectively. This article covers the tax implications for companies with retained earnings and the process of winding up a business in New Zealand.

Not sure how to see your companies IRD accounts? We break down the steps to get MyIR access to your company in a simple and easy to read format.

Tax pooling is an effective way for New Zealand businesses, especially small businesses and startups, to manage their tax obligations more efficiently. It is particularly useful for those with fluctuating income, seasonal cash flow, or unexpected tax bills. Tax pooling provides flexibility, reduces the risk of penalties and interest, and can significantly ease cash flow pressures. We work with one of the leading tax pooling intermediaries in New Zealand - Tax Traders, offering businesses a smarter approach to handling tax payments.

Our favourite Christmas treats for 2024

The title says it all..

Finding your home office information each year can be frustrating, so a lot of our clients use Prosaic to make it easy! Check out this blog to learn more about Prosaic and if it could be right for you.

We often see people treat transfers incorrectly in Xero, so we’ve done a wee how to video on how to do your bank transfers correctly.

Reading financial statements is crucial for understanding your business's financial health. Here's a simple guide to help you navigate them.

Here’s the process we use to file your GST return in Xero