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.

Learn about cash flow management, its ins and outs, knowing where your money goes, and tips & advice how to keep your business running.

Property investors targeted in Government’s latest announcements The Government has announced significant changes targeting property investors.  These changes have significant tax impacts and could cause long-term loan serviceability issues.  In […]

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% […]

Asset threshold lowering What? In response to COVID-19, the threshold for low-value assets to be deemed fully deductible upon purchase was increased to $5,000 GST exclusive as a way to […]

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.

The IRD has launched a campaign to target investors who have sold residential property without paying tax on the profits. The IRD is now matching tax returns with property transactions, is contacting clients who might be affected and we as tax agents are being asked to do the same.