Investment Boost

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As part of Budget 2025, the Minister for Finance, Nicola Willis, introduced Investment Boost– a new way for Kiwi businesses to reduce the cost of investing in new assets and equipment. Investment Boost is expected to lift NZ GDP by 1% and wages by 1.5% over the next twenty years, with half these gains in […]

Investment Boost: How to maximise the benefits of this new scheme

tax and expenses

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Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to […]

Keeping tax and expenses in check when you are self-employed

tax and expenses

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Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to […]

Keeping tax and expenses in check when you are self-employed

3 directors

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It’s been a little while since our last newsletter, and we’ve missed connecting with you. But just like a well-balanced ledger, some things are worth the wait! We’ve been busy staying on top of the latest financial news and preparing some valuable insights and tips to help your business thrive. 2023 and 2024 have undeniably […]

August Newsletter from Coastal Accounting

budget

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Budget 2024 is here, and it’s packed with tax relief measures to help you keep more of what you earn. If you have children, you’ll see an average benefit of $78 per fortnight. In total, around 1.9 million households will benefit by $60 per fortnight on average. The tax bracket thresholds have not changed in […]

2024 Budget Update: Great News for Kiwis!

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Understanding tax payments can feel tricky so we’ve broken down the basics of Provisional Tax and Terminal Tax. These two tax types are essential to managing your business finances and understanding them can help you avoid the infamous ‘second year tax shock’ that many new business owners face. Provisional Tax is an advance payment on […]

Provisional Tax vs. Terminal Tax

Keeping your business cash liquid – the difference between cashflow and profit

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The foundational goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your enterprise. But how does profit differ from cashflow? And why is cash king? How do profit and cashflow […]

Accounting basics: the profit and loss and balance sheet reports

category 

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Understanding your finances is a vital part of running your business. But getting down into the nitty gritty of the company accounts isn’t every entrepreneur’s top skill. If you are new to company accounting, or simply want to expand your knowledge, we can help explain the foundational reports. The profit and loss report and the […]

working ON my business

If I’m working ON my business what should I be doing?

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I’m sure you’ve heard about the need to work ‘on’ your business as well as working ‘in’ your business. But have you ever stopped to think what exactly you should be doing? First some practical distinctions to compare working ‘on’ and working ‘in’. With the above in mind here are the 5 most important activities […]

Family holding hands

FamilyBoost: Support for Your Childcare Costs

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Childcare can be one of the biggest expenses for families with young children, and that’s where FamilyBoost comes in. FamilyBoost is a quarterly payment from Inland Revenue that helps eligible households with the cost of early childhood education (ECE). If you’re caring for a child aged 5 or under, you could get up to 25% of […]

Bringing your cashflow processes into the digital age

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Keeping on top of your cashflow is even more important during tough economic times. With global uncertainty, recent high inflation, energy prices soaring, supply chain challenges, cash is likely to be tight over the coming year. Cloud technology and fintech apps, can give your business the best possible control over its cash. Why is cashflow […]

Business credit: how a business credit card helps your startup

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At the early stages of your start-up journey, access to credit can be a lifesaver. Cashflow is tight, customer revenue can fluctuate wildly and large-scale bank loans and external funding may be in short supply. In this situation it might seem counterproductive to apply for a business credit card – a move that adds to […]

Next post →

The foundational goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your enterprise. But how does profit differ from cashflow? And why is cash king? How do profit and cashflow […]

Keeping your business cash liquid – the difference between cashflow and profit

category 

Next post →

Understanding your finances is a vital part of running your business. But getting down into the nitty gritty of the company accounts isn’t every entrepreneur’s top skill. If you are new to company accounting, or simply want to expand your knowledge, we can help explain the foundational reports. The profit and loss report and the […]

Accounting basics: the profit and loss and balance sheet reports

category 

working ON my business

Next post →

I’m sure you’ve heard about the need to work ‘on’ your business as well as working ‘in’ your business. But have you ever stopped to think what exactly you should be doing? First some practical distinctions to compare working ‘on’ and working ‘in’. With the above in mind here are the 5 most important activities […]

If I’m working ON my business what should I be doing?

category 

Family holding hands

Next post →

Childcare can be one of the biggest expenses for families with young children, and that’s where FamilyBoost comes in. FamilyBoost is a quarterly payment from Inland Revenue that helps eligible households with the cost of early childhood education (ECE). If you’re caring for a child aged 5 or under, you could get up to 25% of […]

FamilyBoost: Support for Your Childcare Costs

category 

Next post →

Keeping on top of your cashflow is even more important during tough economic times. With global uncertainty, recent high inflation, energy prices soaring, supply chain challenges, cash is likely to be tight over the coming year. Cloud technology and fintech apps, can give your business the best possible control over its cash. Why is cashflow […]

Bringing your cashflow processes into the digital age

category 

Next post →

At the early stages of your start-up journey, access to credit can be a lifesaver. Cashflow is tight, customer revenue can fluctuate wildly and large-scale bank loans and external funding may be in short supply. In this situation it might seem counterproductive to apply for a business credit card – a move that adds to […]

Business credit: how a business credit card helps your startup

category