Claiming Expenses

Christmas Holiday Season Expenses

The holiday season is a time for giving, celebrating, and showing appreciation to your employees and clients. For businesses, this often means extra expenses—but did you know that many of these costs could be tax-deductible?

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Big News!

Parliament has been hard at work, and the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill has been pushed through and now awaits Royal assent. Here are the highlights and how it may impact your personal situation.

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Minimum wage increase

Effective April 1, 2024, the minimum wage will increase to $23.14. As an employer, you must comply with this increase and pay their employees at least the new minimum rate.

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Managing holiday cash flow

This time of year can be hard on small businesses. With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday.
Talk to us. We can help.

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