Parental leave — what are your obligations?

Parental leave — what are your obligations?

An employee can take unpaid parental leave from the workplace when they are having a baby or taking on the permanent care of a child under six years old, providing the employee meets the eligibility criteria. If the employee is eligible for parental leave and takes...
Keep cash crowned as king

Keep cash crowned as king

If you want to succeed in business, understand that Cash is King. Your business can’t survive without cash. The following six takeaways are essential for business success: Protect your cash position, by knowing what it is. Build a cashflow statement and always keep it...

Cashflow is not profit – and vice versa

The purpose of a business is to make money, and that means you have to know the difference between profit and cashflow. Net profit is what you have left after you deduct all your business expenses from all your revenue. You change net profit only by changing the...

Fairer tax rules affect cashflow

A tax bill passed in May made changes that affect cashflow. Companies get more choice with RWT From 2017-18, companies can choose to not deduct resident withholding tax on a fully imputed dividend paid to a corporate shareholder. A fully imputed dividend has a tax...
IRD AIMs to please – next year

IRD AIMs to please – next year

A key principle of the tax system is taxpayers should pay tax as income is earned. That doesn’t work well for businesses with seasonal or volatile incomes, and is why the Government announced, early this year, a new method for paying provisional tax. The Accounting...