The Financial Reporting Council (FRC), the UK’s Independent regulator of auditors and accountants, has issued revised ethical and auditing standards in a bid to support the delivery of high-quality audit and strengthen confidence in the practice. The regulator hopes that the changes will strengthen auditor independence, prevent conflicts of interest and fortify the UK as […]
What Is Form 1099-MISC, and Are You Responsible for Distributing It?
As a business owner, you have a lot on your plate. And sometimes, you need to hire outside workers with special skills to complete certain tasks at your business. To accomplish these tasks, you might consider hiring an independent contractor. Does the above scenario sound all too familiar to you? If you hired a contractor […]
Cheers to 2019! Happy holidays from Xero New Zealand
As we start to wind down for the Kiwi summer, it’s a good time to look back on the year that’s been. Take time to reflect on what went well and what you might do differently next year. Not only for your business, but for your wellbeing too. Evaluate your personal or business goals, and […]
Our fintech highlights from 2019
As we near the end of another big year for fintech in New Zealand, we wanted to recognise some of the highlights from 2019. Finnotec, New Zealand’s annual Fintech event was a fitting finale. Bringing together passionate minds from the financial technology world, this event is all about collaborating on the future of fintech in […]
Designed to put a smile on your face: A hyper-coloured small business that’s making it big
Artist Pete Cromer finds inspiration in the unlikeliest of places. Take the humble stone, for example. To Pete, a little piece of concrete isn’t just a little piece of concrete: it’s a vessel for the creation of a uniquely cheerful magical being. This being is called a druid, and it’s just one of the many […]
Environmentally conscious small business gift-guide
As we head closer to the holiday session, we want to highlight some of our environmentally conscious customers who have great gift ideas for your loved ones. The Source Bulk Foods The Source Bulk Foods is the perfect place to pick up a variety of cooking ingredients, condiments and household items for friends and family. […]
3 essential cash management strategies
There are three core elements to effective cash management: Cashflow Forecasting Shortening The Sales Cycle Understanding Working Capital To be a cash positive and well managed small business, you will need to know these concepts back to front. Let’s dive in! 1) Cashflow forecasting Managing cash flow effectively remains a significant hurdle for many small […]
March 2020: Bookkeeping made easy with Hubdoc and Xero
Just over a week ago we shared the news that from 18 March 2020, Xero’s data capture tool, Hubdoc, will be included in your Xero Starter, Standard or Premium plan (Early, Growing or Established plans in the US). From that date, you’ll be able to easily capture and manage your bills and receipts, say goodbye […]
KPMG announces drop in profits, but shows signs of positive audit investments
Big Four firm KPMG has announced a 14% drop in profits and a slow-down in revenue growth as it prepares for increased regulatory scrutiny that will likely lead to greater separation of its business. The decline in profits, which fell to £307m from £356m in the 12 months leading up to September 30, comes after […]
Practice round-up: RRL and DSG
RRL expands RRL, the independent firm of Chartered Accountants and Chartered Tax Advisers based in Cornwall, is expanding its presence in Penzance due to a growing demand for its services requiring an increasing number of team members. Nick Skerratt, Partner at RRL explained the reasons for the expansion: “Since first opening the Penzance office, we’ve […]