If you incur expenses on behalf of a customer and then charge them on then this new feature in Xero could make your job a whole lot easier.
Check it out by clicking here
Seemless Xero
If you have accounts with Meridian Energy, Z Energy, Warehouse Stationery, NZI or Placemakers, you now can get your invoices sent directly into Xero. This saves precious time by eliminating the need to manually enter the transactions. The invoices will have all the detail needed to accurately account for purchases. All that’s left is to code and approve.
Want to find out more, check out your suppliers website for the “how to” .. click here to go to the Meridian Energy website.
74 cents
IRD have issued a new mileage rate to be used when reimbursing vehicle use. The new rate is 74 cents per km (down from 77 cents).
The new rate applies immediately to both petrol and diesel vehicles. It does not apply to motor cycles, hybrid and/or electric motor vehicles.
There are still the alternatives to using the above rate, which can be either using other published rates from reputable sources such as AA or calculating the actual running costs.
For more information, please contact us
Xero Update – Improving Invoicing
Xero’s latest release made some changes to invoicing .. check them out here
FREE Government Money
If you are self-employed and have Kiwisaver, the time is now to make your annual contribution if you want to receive $521.43 free from the Government.
All you need to do is make sure that you have contributed at least $1,042.86 to your Kiwisaver account before 30 June.
For more information, contact your Kiwisaver provider direct to find out their payment cut off date as it maybe before 30 June.
Tips for the EOFY
Where is it going …
the year that is .. a fantastic summer has come to a close, a quarter of 2015 has nearly all but gone, the daylight hours come to an end soon and then we need to fit in an end of a financial year!
Here are some tips for the end of financial year (EOFY) that may you reduce the amount of tax that you have to pay for 2015:
Read More »
Tax Audit Insurance .. Yes or No
It’s that time of year for the renewal of the Tax Audit Insurance and the renewal letters have been posted out …
If you haven’t received your insurance letter, please contact Anne at the office (anne@bizfitness.co.nz).
However we have fielded a few enquiries from client’s asking whether it is worth it or not. Here is our thoughts on it .. Read More »
Minimum Wage Rate Increase
It was announced today that the adult minimum wages will increase by 50 cents an hour as from 1 April 2015.
This will mean the rate will go from $11.25 per hour to $11.75.
So remember to update any of your employees that are on an hourly rate less than $11.75 from 1 April.
Xero Tip #5
I read this great post on the Xero blog about getting paid faster.
Check it out and if you are not invoicing via Xero, give us a call to have a chat about the benefits on invoicing on line
Want to save some money?
In true student fashion, my son came across a way to save money that we can all take advantage of …
You see, as from 1 July 2015 the ACC levy component of vehicle registration is going down by an average of 41% depending on the type of vehicle.
So to take advantage of this, make sure you don’t pay more than necessary by opting for a shorter licensing renewal period. That way you are ready to take full advantage of the new lower price when your rego comes up for renewal after 1 July 2015.
Employee Cost Calculator
There is a new tool out that the MBIE (Ministry of Business, Innovation & Employment) have developed that allows you to calculate the estimated cost of a new employee.
It’s pretty cool and allows you to put in fixed costs, discretionary costs, select your industry type to calculate ACC levies, factors in Kiwsaver and even allows you to check average industry pay rates collated from Trademe Jobs!!
Check it out by clicking here
Xero Tip #4
Next week will see a “face lift” for the Xero Dashboard. Things will look a little different with some new graphs and you will be able to move things around.
Here is a screenshot of what the new dashboard will look like …
Check out the overview video by clicking here
Christmas Wishes from us to you
It’s hard to believe that Christmas is just around the corner and with only 15 more sleeps, according to Anne, time is running out to get those presents, stock up the food and drink and get Santa’s landing pad all ready!
Just to let you know, our office will be closing at 1pm on Friday 19 December and we will be returning on Monday the 5th of January. Anything urgent that may arise please e-mail Stu (stu@bizfitness.co.nz) or call the office and leave a message .. both will be checked during the break.
From us to you, we would like to wish you and your family a very Merry Christmas and a Happy New Year. May 2015 be full of growth and income for you and thank-you for being a part of BizFitness.
We look forward to being of service to you in 2015.
Stu, Anne, Lois & Julie
Xero Tip #3
Sometimes the transactions that come into Xero are not quite the same every time and you might be finding yourself having to always code the transaction. Well there is an easier way and its called Bank Rules … check out the help video here
1 October has arrived ..
… and it heralds in the change in the rules for payments to the IRD.
Just a reminder that any payments made to the IRD must be received by them by the due date .. not postmarked the due date. Therefore we encourage you to make your payments electronically to the IRD.
If you still want to continue to pay by cheque, here are some suggested tips:
1. Post date the cheque to the due date
2. Highlight the date (not foolproof as the cheque still maybe presented early)
3. Post the cheque and return at least 1 week before the due date as you shouldn’t rely on NZ Post. We have had situations where mail has taken a week to get to Wellington!!
For more information, check out our earlier blog here
Don’t lose your domain name
A change is happening in NZ with website domain names on 30 September. There will be more choice with nz domain names with the release of .nz domain names .. a shorter version of the .co.nz.
This extract is taken from the .NZ Domain Name Commission website: Read More »