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What is a mindset course, and how can it help my business?

What is a mindset course, and how can it help my business?

Mindset courses can help you develop the right psychological attitudes to achieve success in your field or industry. They’re all about cultivating the right mental and emotional attributes to achieve professional growth, overcome challenges, and maximise potential. Here’s what you’ll learn on a mindset course: Adopting a growth mindset You’ll learn all about adopting a…

Property sales on IRD radar

Property sales on IRD radar

  Buying or selling a home? You’ll now need to provide your IRD number as part of the transaction process. The change will allow IRD to know who’s flipping owner-occupier homes on a regular basis, and better enforce the existing law that ensures people pay tax on the profit. The move won’t impact the rules…

2026 IRD Updates

2026 IRD Updates

  2026 Thresholds and Rates Inland Revenue and government agencies have released updated thresholds and key compliance changes taking effect from early 2026. Below is a summary of the new rates to help you prepare for the upcoming financial year. ACC Earners’ Levy (2025/26 Income Year) Earners’ levy rate: 1.67% from 1 April 2026 (up…

Tax and Cash Flow Planning

Tax and Cash Flow Planning

A new tax year isn’t just about compliance — it’s a chance to strengthen your financial foundation, optimise cash flow, and reduce stress. Smart planning now can set your business up for long-term success. STEP 1: GET TAX-READY A fresh financial year isn’t just about keeping up with tax rules—it’s a chance to set stronger…

Two courses to better your business

Two courses to better your business

Continuous training and improvement can set your business apart from the competition, giving you new tools to take on challenges and attract talent and customers. The Icehouse Leadership Development Programme The Icehouse is one of New Zealand’s top providers of business training, and its Auckland-based Leadership Development Programme is aimed at professionals who want to…

Minimum wage set to change: what you need to know

Minimum wage set to change: what you need to know

The government has announced an increase to the minimum wage that will kick in from April 1. The adult minimum wage will rise by $0.45 an hour, taking it up to $23.15 an hour. This will mean additional costs for many businesses. Workplace Relations and Safety Minister Brooke van Velden said that “a cautious approach…

Mixed-use asset rule change explained

Mixed-use asset rule change explained

April 1 marks a significant change in the GST tax treatment of mixed-use assets. Taxpayers can claim 100% of GST for expenses relating to the income-earning use of a mixed-use asset, for example, the cost of advertising a holiday home online. However, working out GST claims for expenses relating to both the income-earning and private…

What policy changes might affect your business?

What policy changes might affect your business?

Our Prime Minister Christopher Luxon has his feet firmly under the table, so what major policy changes will affect your business? National outlined some of the headline changes it wanted to make within its first 100 days in power. The National-led coalition government have some well underway. Here are some of the major changes businesses…

What property investors need to know

What property investors need to know

At this early stage, there will always be unknowns as ministers assess new legislation and review existing policies. One key area to watch will be the tax treatment of property investors. National plans to shorten the bright-line test for property investors to two years from 10 years, returning the law to its 2015 setting. from…

Fringe Benefit Tax exemptions you may have missed

Fringe Benefit Tax exemptions you may have missed

Last April, new Fringe Benefit Tax (FBT) rules came into effect that could be relevant to your business and employees. Here’s a summary of the three new exemptions that may have gone under your radar: Employer-subsidised public transport (mainly for the purpose of travelling between home and work). The provision of self-powered (bicycles) or low-powered…

Digital snapshot: the Xero app store

Digital snapshot: the Xero app store

Whether your business is in retail, farming, or finance there’s no shortage of digital tools to improve efficiency, productivity, and performance. In a tough business environment, the right digital tools can give your company the edge over your rivals and take you to the next level. Innovative apps in nearly every industry have emerged over…

FBT vs PAYE vs Entertainment Expenditure

FBT vs PAYE vs Entertainment Expenditure

    In the context of Christmas parties, gifts, and staff bonuses, various taxation rules come into play, namely the entertainment rules, PAYE, and FBT. The entertainment rules place a 50% deductibility restriction on certain expenditures related to recreational events, such as Christmas parties or corporate hospitality. This limitation is grounded in the recognition that…

What new migrant worker law means for your business

What new migrant worker law means for your business

Do you employ migrant workers? You need to be aware of the Worker Protection (Migrant and Other Employees) Act, which comes into force on January 6. The law, which amends the Immigration Act 2009, Employment Relations Act 2000 and Companies Act, will introduce a tough penalty regime to deter the exploitation of migrant staff. What…

Your business leadership checklist

Your business leadership checklist

Great business leaders come in many different forms, from visionaries like Apple founder Steve Jobs to big personalities like Virgin’s Richard Branson and diversity champions such as former Facebook executive Sheryl Sandberg. A business leader should bring people together, have staff working towards a common goal, and keep people updated about where a company is…

Five ways to improve diversity in your business

Five ways to improve diversity in your business

Studies show that diversity and inclusion in the workplace can lead to better business results. Here are five ways to enhance diversity in your organisation: Cultivate an inclusive cultureEmployees should be encouraged to share ideas without fear of judgement. Create an open environment that celebrates different perspectives and backgrounds. Diverse recruitment strategiesIntroduce diverse recruitment strategies…

Time to review your health and safety plan?

Time to review your health and safety plan?

Good health and safety (H&S) practice is a vital part of any business, but when was the last time you checked your company’s health and safety plan? Under the Health and Safety at Work Act 2015, both “Persons Conducting a Business or Undertaking” (PCBU) and workers (including employees and contractors) have health and safety duties…

Fair Pay Agreements - what you need to know

Fair Pay Agreements - what you need to know

New fair pay agreements (FPA) law came into effect on December 1 last year, marking the biggest shakeup in New Zealand employment in decades. Six months on, how could your business be affected? What’s an FPA? The new fair pay agreements law allows employees to bargain collectively for industry- or occupation-wide minimum employment terms, such…

The difference between employees and contractors

The difference between employees and contractors

  Does your business use both employees and contractors? It’s important to distinguish between them as they are paid and taxed differently. Despite what you may call the individual concerned, that description is not definitive. If the status of the worker is questioned in the Employment Court or Employment Relations Authority, for example, the Employment…

Uber court case

Uber court case

Employees and contractors, Last October, four New Zealand Uber drivers won a landmark case against the ridesharing app, which has them as employees, not contractors. The decision enables these workers to claim rights and protections as Uber employees. The ruling has broader implications for Kiwi businesses and how staff are categorised. Employment status entitles workers…

GST and the new Airbnb/Uber Tax

GST and the new Airbnb/Uber Tax

GST and the new Airbnb/Uber Tax If you offer accommodation or ride share services in New Zealand via an electronic marketplace (e.g., Airbnb or Uber), new GST changes will impact on you from 1 April 2024, although the National Party has stated it will repeal the change if they are elected to Government in October…

Fundamental GST changes coming your way

Fundamental GST changes coming your way

Fundamental GST changes coming your way Ever since GST was first introduced in 1985, businesses have become very familiar with various aspects of GST which have been fundamental to meeting their GST compliance obligations.   Under the guise of “modernising GST” the Inland Revenue is introducing a number of invoicing and record keeping changes that…