The 2024 tax year-end is approaching! Ensure a smooth transition for your New Zealand business with our essential guide. Discover last minute tax tips, checklists, and tax changes coming to maximise deductions, save tax and set your business up for success for FY25. Don’t let tax season stress you out – let our guide empower you for a successful year-end!

If you intend to buy or sell a business, legislation that came into effect on 1 July 2021 will impact the process in which parties allocate the purchase price. It […]

The IRD is raising concerns about personal expenses being claimed as business deductions, and they may request documentation to support your expense claims. We can help ensure your claims are valid and withstand IRD scrutiny. Don’t be caught unprepared – contact us if you have any concerns about your expense claims. Proper record keeping is essential for tax compliance and avoiding audits.

Your business could be stopped in its tracks if someone gained access to your account through hacking, phishing or other cyber attacks. The good news is that many data breaches can be prevented with simple actions, such as using multi-factor authentication (MFA). All Xero users will need to set up and use MFA to log in to Xero by 1st June 2021 – it puts an extra bolt on the door to keep your data secure. Xero will be sending users more information as MFA becomes available from the 4th May 2021.

As a result of COVID-19, financial pressure is a reality for many small businesses, individuals and families.  We are here to assist and advise our clients, in terms of future […]

The new 39% marginal rate that applies to all employment income over $180,000 is now in force. Consider how the new rate will affect you and your business. The 39% […]

What is Cash Flow? Cash flow refers to the movement of money in your business, flowing in from revenue streams such as sales and flowing out through payments for expenses and asset purchases.

I believe is that there is a resilient group of entrepreneurs who are rethinking the way business is done, questioning old assumptions and pivoting and transforming their businesses to service a new era of consumers. 

As seems to have become somewhat of a Christmas tradition, it is with great pleasure that I announce two new additions to our leadership team.  Melissa Foster and Rohit Prasad have been appointed Directors of Giles & Liew, joining Lorren Kilgour, Kylie Liew and myself as we lead our business and that of our clients through unprecedented times.