Our Blog | Accounting & Business Advisory

Transforming Small Business Operations with AI

In the era of rapid technological advancement, small businesses are turning to Artificial Intelligence (AI) to streamline operations and enhance competitiveness. AI’s ability to automate tasks, optimise marketing, and drive decision-making revolutionises how businesses operate. From boosting productivity to delivering personalises customer experiences, AI offers transformative potential for small enterprises. In this article, we delve into the key advantages of AI in small business operations, paving the way for growth and innovation in today’s dynamic market landscape. Read more

Minimum wage increases to $23.15 per hour

The minimum wage is rising as of April 1, 2024. As an employer, you'll need to keep up to date with the latest minimum pay rates and pay your employees at least the current minimum rate. Read more

Shield yourself from an Audit – Get Audit Insurance

Facing a tax audit can be nerve-wracking and costly. Discover the peace of mind that comes with Audit Insurance – your financial shield against unexpected expenses and a proactive investment in a stress-free audit experience. Read more

“Navigating Success: The Indispensable Role of a Business Advisor”

Elevate your business game with an Advisor by your side. Tap into strategic wisdom, navigate challenges seamlessly, and transform obstacles into opportunities. Whether you’re fine-tuning finances or plotting a path to growth, a business advisor brings invaluable expertise to optimise your journey. Make smarter decisions, achieve your goals, and stay ahead of the curve. Why settle for good when you can achieve greatness? Collaborate with an advisor and unleash your business’s full potential. Your success story starts with expert guidance. Read more

Happy New Year and welcome to 2024

I'm sure you have filled your hearts and bellies with all the things we enjoy during the Christmas and New Year break. Let's start a new chapter for 2024 Read more

Unwrapping Success: Proactive Small Business Tips - Part 4

Welcome to part 4 of our 4 part series, “Unwrapping Success: Proactive Small Business Tips for the New Year.” As we continue our journey toward a prosperous and thriving business in the coming year, our focus shifts as we dive into the practical steps and tools outlined in our comprehensive series, designed to help you navigate the path from envisioning to Achieving the identified freedom, as explored in Part 3. Read more

Unwrapping Success - Proactive Small Business Tips - Part 3

Welcome to part 3 of our 4 part series "Defining Future Goals and Opportunities. In past sessions, we identified your desired Freedom and identified your challenges. Today we shift our focus to your future vision. Read more

Unwrapping Success: Proactive Small Business Tips - Part 2

Welcome to part 2 of our 4 part series, "Unwrapping Success: Proactive Small Business Tips - Achieving Freedom" As we continue our journey toward a prosperous and thriving business in the coming year, our focus shifts from aspirations to strategic action to achieve your most important Freedom, as explored in Part 1. Read more

Unwrapping Success: Proactive Small Business Tips - Part 1

Welcome to part 1 of our 4 part series, "Unwrapping Success: Proactive Small Business Tips - To Find the Best Answer you need to ask the Right Questions" Your business does not take a break just because it's the holiday season. Now is the perfect time to reflect over the past year and look to how you can be proactive in the year ahead. We have put together a 4-part series on ways to keep you ahead of the game for 2024. Follow our series for more tips. Read more

Meri Kirihimete from us at Monteck Carter

As 2023 draws to a close, we'd like to thank all of our clients for working with us and look forward to working closely together next year. From our team to yours, have a relaxing and safe holiday break! Read more

Giving gifts to clients (think about the tax)

If your to-do list includes planning season’s greetings and gifts to clients, take a moment to remind yourself about the tax treatment. Read more

Be canny with cashflow

Take a moment to step out of the Christmas rush and do a quick sanity check with your cash flow plan. It can be easy to forget the tax due in January, along with recurring expenses and seasonal spending. Read more

What will a National-led government mean for your taxes?

What are National's proposed tax changes? Shifted income tax brackets, restored interest deductibility, a two-year brightline test and Family Boost. Read more

Keeping an eye on your spending through the "Festive Cheer"

Staying on top of your spending through Christmas is tough. Check Xero's blog to find tips to manage your expectations through this time. Read more

Tax Pooling: What is it and why would you use it

As your accountant, we might suggest using tax pooling from time to time, so thought it useful for you to understand what it is. Read more

Prioritising Mental Health: How Employers can Support their Employees

Mental Health issues are on the rise in the workplace. As employers, it is our responsibility to support our employees. Explore our tips, insights, and strategies to support a healthy and happy workplace. We can all break down the barriers and prioritise mental health matters. Read more

Tips to Avoid a Cyber Attack

As more of our personal details are shared online through online shopping, banking, and emails, the more of a target we become for cybercriminals. Check out our blog for tips for keeping you and your business safe. Read more

Selling Your Business

If you’re thinking of selling your business or looking into selling, you’ll want to have a plan or an exit strategy. Read our blog to find out more on what to include in that plan and the items you’ll need to consider. Read more

Get back in control with Cashflow forecasting

With so many external pressures on your cash right now, its important to have your finger on the pulse. Cashflow forecasting is going to help you have a better view of your future cashflow position so you can understand your future operational cashflow, plan effectively, and avoid issues before they happen. Speak to your accountant at Monteck Carter today to get a tighter grip on your cashflow. Read more

Stay on top of your Debtor days for better cashflow

Managing your debtors and your debtor days means better cashflow for your business. And let’s face it, cashflow is the lifeblood all businesses need right now! We list tips for better debtor management so you can achieve a healthier cashflow. For more approaches and support get in touch with one of our team today. Read more

Review your App Stack - are your apps still working for you?

A simple way to improve your business can be to look at the technology you have. Have you got the best apps for your business? You can find apps for Customer Support, Expense Management and Automated card payments. Find out what can help you and your clients today. Read more

Why your accountant is the mentor you didn’t know you needed

No-one understands your business like your accountant. Being experienced and successful business owners ourselves we are able to provide guidance, support, and advice to help you achieve success. We also understand your business and are able to assist you throughout your business journey. Read more

Provisional Tax is due in August. Are you prepared?

Remember - Provisional Tax is due on or before the 28th of August. check out our tips to navigating provisional tax and see if Tax Pooling is right for you. Read more

Profit improvement and productivity

The relationship between Profitability and Productivity is about looking closely at the value you get for what you spend. Download the free guide on profit improvement and productivity here. Read more

5 Tips to Drive Employee Loyalty

It's important to retain your key team members. We have 5 tips to help drive loyalty and retain employees. Read more

Software Focus - Spotlight Reporting

We love using Spotlight Reporting for the various reports and features it can provide. If you have a specific goal you want to meet, we can look at how this could be put in action using Spotlight Reporting. Read more

5 Ways to Spend Less Without Budgeting

Here are 5 ways to cut spending and save without tracking every transaction. Read more

Is your 2023 planning leading you down the right path?

As a business owner, CEO or managing director, it’s important to look forwards. Your job is to guide the course of the company and to provide the roadmap for a successful year. But navigating the hurdles and driving the business to success is never easy – especially when you’re confronted with a market and economy that’s still in a state of recovery. Read more

Minimum Wage increase from 1 April 2023

The minimum wage is increasing from the 1st April 2023. Even if you don't employ anyone under the minimum wage, this may still impact your business. Read more

7 Things to Consider Before 31st March

Here are some key factors to think about before March 31st approaches. Read more

Using Forecasting to Help Your Decision Making

In business, you want to know what the future holds. And to make truly informed decisions about your future strategy, it’s important to use the right forecasting tools. Read more

Tax Pooling - a flexible way to pay tax

Would you prefer to pay your income tax when it suits you? Tax Pooling is an IRD approved, established service that lets you choose the date you pay your income tax. Talk to us about tax pooling. Read more

How to improve your year-end processes and plan for 2023

Let's take a look at the key ways to tie up your year-end and start the new year with a clear strategy to drive your business forward. Read more

Top tips for running a thriving family business

There are so many upsides to running a family business: working together as a close-knit unit and sharing the good times together. However, being in charge of one can be complicated as you juggle company interests with those of your loved ones. Read more

What's on your business dashboard

In our recent webinar, the 7 ways to grow your business, we mentioned a few KPIs that you should be monitoring in order to get your business to the destination you want. Let's look at the top 4 measures that can drive your business improvement. Read more

Regional Business Partner Funding

Monteck Carter is here to help your business grow and to help business owners on their development journey. At Monteck Carter we are currently registered to provide the following services, for which you may be eligible for up to 50% funding from RBP. Read more

The 5 A's of Change

We show you the 5 A's of Change which is a powerful and simple model to help you consider what you would like to change and what stage in this process you are at. Read more

7 ways to grow your business

Looking to grow your business? We can help you with 7 ways to grow your business, the first 5 grow your sales, the last 2 reduce costs. Which of the 7 ways will you focus on first? Talk to us. Read more

GST invoice changes are coming

New rules modernising GST invoicing and record-keeping requirements will apply from 1 April 2023. Read more

You can apply to become an accredited migrant employer

Interested in hiring migrant workers? Applications are now open to become an 'accredited employer'. Read more

Monteck Carter are proud members of the XLNC network

For international business operations or operating in NZ, Karen Tobeck from Monteck Carter can help advise on your tax and legal obligations in NZ. Read more

Business tips: Knowing what your customer wants

Knowing what your customer wants can help you meet your growth targets. Here are 5 ways you can grow your customer numbers. Read more

IRD says 'No more Mr Nice Guy'

If you've got outstanding tax debt, don't let it get out of hand. Speak to your accountant so you understand your obligations. Read more

Keeping up with FBT

As an employer, if you provide fringe benefits to employees, or others associated with your business, you must generally pay fringe benefit tax (FBT) on the value of these benefits. Read more

Cost of Living Payment

If you haven't received yours there could be a reason. Check whether you meet the critieria or if your income tax return has been filed. Read more

Leave entitlements during Covid-19 self isolation

With many people off sick or in self-isolation at the moment, this is a good time to clarify some of the entitlements surrounding sick leave and payments if you are working from home or cannot work from home. Read more

Using the Decision Tree to help with decision making

We're here to help business owners with those tricky decisions you have to make, but if want to explore other ways a decision tree could help Read more

Making it easier to get paid

Budgeting vs. Forecasting - What's the difference?

Do know the difference between a budget and a forecast? And do you need one or the other? Read our blog to find out more. Read more

How will it impact you if house prices drop by 15%?

Let's explore the impact if house prices drop if you're an investor, a home owner or a developer. If you're looking to purchase property let's talk. Read more

Small Business Cashflow Loan - Repayment Information

If you received this loan in 2020 then it's likely your interest-free period is up in 2022. Check your information so you understand your repayment responsibilities. Read more

Thinking of moving to Xero?

If you'd like to set up and use Xero for the first time, or move across from another system, talk to us about the setup process. Read more

Could your business survive without you?

Rental Property Tax Changes

E-invoicing

What is e-invoicing and what are the benefits to your business? Read all about this new development on our blog. Read more

High Inflation - What does it mean for your business?

When Inflation is high and prices are increasing all around, what can you do in your business to ensure you're staying afloat? Read more

Financial Year End Checklist

We've prepared a handy financial year end checklist to help you with the financial year end prep. Read more

Minimum Wage Increase 1st April 2022

The Minimum Wage is set to increase on the 1st April 2022. Are you ready for this change and how it applies to your business. Read more

Six financial myths busted

Those long-held beliefs holding you back from financial freedom need to be dispelled. Take a closer look at budgeting and money management. Read more

Six Ways to Stay On Top Of Tax This Year End

Between Covid restrictions, a downturn in income, government payouts, and tax breaks, we understand if your head is spinning as the financial year wraps up. That's why we've done a round-up of relevant tax information you may have missed, so you can ensure everything is in order and there are no unwanted surprises come 31 March 2022. Read more

The Covid-19 Support Payment (CSP)

The CSP is available to help businesses who have experienced a drop in revenue due to Covid-19. Read on for more details. Read more

Tough new lending rules - The impact on first home buyers and small business owners

Changes to lending rules have not only affected first home buyers but small business owners too. Read our blog on the changes and the impacts Read more

Changes to the Small Business Cashflow Loan Scheme

Recent changes have been made to the Small Business Cashflow loan. Read our blog to see if you are eligible and what's changed. Read more

Looking at what you want from your business

Take the opportunity to reinvent your business to deliver what you want. Professional advice now can be helpful in the long-term. We can help. Read more

Auckland Businesses: Funding through Activate Tamaki Makaurau

Monteck Carter is registered to provide Business Advice and Implementation Support with Activate Tamaki Makaurau. Contact us today to discuss. Read more

Interest-free lending for your small business

With banks tightening their lending requirements, the small business cash-flow loan scheme may be a viable option for your small business. Read more

Motivating Your Staff After Christmas

Get rid of the back to work blues by using a few of these tips to motivate you and your staff after Christmas. Read more

Redefining Success

For those of us in business, it's important to redefine our plan and goals that ensure the business delivers our definition of success. Read more

The Transition Payment

A one-off transition payment will be available to apply for from December 10 2021 with the same criteria as the RSP. Read on for more details. Read more

Entertainment Expenses - Know before you Claim

If you're claiming entertainment expenses, use our handy guide to check if what you are claiming for is deductible. Read more

Buying or Selling Property

Keep up to date with the latest legislation around buying or selling property in NZ. If you're unsure please talk to us, we're here to help. Read more

The RSP Summarised

We summarise the RSP for you. Check out our guide here on dates, revenue decline periods and more. Read more

Claiming Food & Drink expenses (if you're self-employed)

The IRD has clarified their stance on the claiming of Food and Drink as a deductible expense in your business, especially if you are self-employed. Read our blog to find out more. Read more

Defining a great day's work

Have you nailed it today? Follow our five principles to define a great day's work, gain empowerment and inspire your team. Read more

Have you changed direction?

Have you changed your business direction or purpose? Or are you thinking of doing this? There are things we can help with. Get in touch. Read more

Planning? Is this a good time?

Now is a good time to make a plan for the future. Whether you're in lockdown or not, having a plan is always a good idea. We can help. Read more

Rental tax changes - 1 October 2021

Interest tax deductibility is being phased out for rentals, and the changes start coming into effect on 1 October. What will this mean for you? Read more

Paying your taxes - filing and paying on time

If you feel that you can't meet your tax payments this time, it is important to remember you still need to file on time but help with payment is available. Read more

August 2021: Level 4 Lockdown Update #1

Financial support has been announced. More information will be available and we'll let you know as it comes out. Read more

P is for Purpose

Why does your business exist? Let's go over your 'Why' to help define your purpose statement. This is important for SME's as well as big businesses. Read more

Paying tax on your shares

If you're investing, are you worried about paying tax on your dividends or when you sell? Read our blog for tips to get it right. Read more

What does money mean to you?

We believe in financial freedom. Speak to one of our team today to see how we can help you with your goals in achieving financial freedom. Read more

How to get the full Kiwisaver contribution

Ensure you get the full Kiwisaver contribution from the Government. You have until June 30th each year to be eligible. Read more

Part 2 - Investment property: law changes and tips for maximising returns. New builds.

Part 2 looks at new builds and commercial property and why they shouldn't be overlooked as options to build your property portfolio. Read more

Part 1- Investment property: law changes and tips for maximising returns

Recent tax changes will impact residential property investors. Here are some tips from business.govt.nz and Monteck Carter on how to make the most of your investment properties. Read more

Claiming Expenses - A guide for Real Estate Agents.

Read our helpful tips to help you understand the expense deduction rules and issues the IRD have identified for real estate agents. Read more

Budget 2021 - What's in it for you?

The Wellbeing Budget 2021 was all about 'securing our recovery'. So what did it bring for Kiwi business owners? Read more

The 39 percent tax rate is now in effect

The new 39% marginal rate that applies to all employment income over $180,000 is now in effect. Talk to us about how this will affect you. Read more

Should you dive into tax pooling?

Tax pooling can make it easier to manage unpredictable provisional tax payments. It can help smooth out business cashflow in uncertain times. Talk to us about how it works. Read more

Can you make Covid vaccines compulsory?

Covid-19 vaccinations are here - what are your obligations as an employer? Employment New Zealand has released some guidelines to help employers understand their role in the vaccination process. Read more

Dealing with uncertainty - tips for business owners

Tips for Business Owners whether you are in full lockdown or operating business as usual. Read our tips on focusing your efforts in the right place. Read more

Demystifying your Balance Sheet

If you need help understanding what your Balance Sheet is telling you, get in touch with one of our team. We can help guide you through. Read more

Property investment changes

Govt property announcements re-write the income tax act. Read about the main 3 annoucments here. Read more

8 things you should know before filing your EOY Tax post Covid-19

8 things you should know before filing your EOFY Tax. Read more

The March 2021 Wage Subsidy

Resurgence Support Payment

This has now been activated by the government and is available to apply for until March 22nd 2021. Read more

Covid-19 Short-Term Absence Payment

A payment to support employers and self-employed workers who need to remain at home while waiting for a covid test result is available. Read more

Building your app stack

Audit Insurance - Why we recommend it

Cover for your business for an enquiry or audit by the Inland Revenue. Make the cost one less thing you need to worry about. Read more

7 tips to Boost your Mental Health at Work

Why knowing your staff 'learning styles' is good for business

Know your staff learning styles to ensure your team doesn't miss out on valuable information. Once you know you'll be able to adapt to suit. Read more

Free Christmas ebook

Updates to the Xero Starter Plan

check out the updates to the xero starter plan as announced earlier this month. If this sounds like something you need talk to our team today Read more

December Business Health Check

Sort out your holiday pay and ensure you are paying the correct amount. Read on for a few tips to consider this month. Read more

Updates to the Small Business Cashflow Loan (scheme) - November 2020

Changes have been announced to the Small Business Cashflow Loan scheme Nov 2020. Find out what they are here. Read more

Looking to invest?

If you have surplus cash what should you do with it? Consider your options and seek advice based on your circumstances. Read on for more info. Read more

GST mistakes to avoid

Four common mistakes business owners can make when it comes to GST and what to do about them. Read more

Modifying Employment Agreements during Covid-19 response and recovery

Changes to Employment Contracts during the Covid-19 recovery must be documented correctly. Read our blog and ensure you stay compliant. Read more

Residential Tenancies Amendment Act

The Residential Tenancies Amendment Act 2020 has come into effect. Read about the changes taking place here. Read more

ACC: impact of Covid-19 in your levy

If your payroll is different to last year you will need to provide a payroll update to ACC. You can do this online at MyAcc for Business. Read more

Apps we love...Spotlight Reporting

For visual easy to follow and understand reports when you need them we use Spotlight Reporting. Get in touch for your reporting requirements. Read more

Apps we love...Hubdoc

A storage hub for all your supplier invoices, receipts or emails. Contact us for more information or help with setup. Read more

Apprenticeship Support Programmes

Apprenticeship support payments available. Apply online or contact us for more information. Read more

The Resurgence Wage Subsidy

Introducing Glynis Carter

$5,000 funding available from the RBP Network

New Trusts legislation - Jan 2021

Do you have a property on Airbnb?

The jobs budget - Job creation, training and retraining

the important annoucments from Budget 2020. Read more on how job creation and training in NZ. Read more

Wage Subsidy Extension criteria changed & Income Relief Payment

The jobs budget - Sustaining existing businesses

sustaining your business. see what the 2020 budget has in store. Read more

Wage Subsidy Extension announced

An extension to the wage subsidy has been announced. Find out more here. Read more

Alert Level 2 - what you need to know

What you need to know about moving into alert level 2. We're here to help if you have any questions. Read more

Government boosts cashflow support for small business.

Interest free Loans available for small businesses affected by Covid-19. Contact us if you're thinking of applying. Read more

Upcoming Tax Payments and potential relief

Read our blog on what it means if you have tax payments due and if you can not pay on time. Read more

Cash Management Tips from Monteck Carter

A summary of a few tips on how to manage your cash during this time. Read more

The Wage Subsidy explained - By Karen Tobeck

Dealing with the wage subsidy and what you can and can't do with it. Read more

Here to help you during the nationwide lockdown

Our office is closed but we are still here to help you during the lockdown. If you need to contact us please do so via email first. We will not be charging for any advice provided over the phone or email during this time. Read more

IR no longer issuing letters or accepting cheques

Important updates from Inland Revenue regarding MyIR set up and cheques are no longer an accepted payment option. Read more

IR contacting clients in the hospitality industry

IR are contacting our clients in the hospitality industry to ensure their records are up to date. Please contact us if you have any concerns. Read more

Meet our new Associate - Michael Tobeck

Michael Tobeck promoted to Associate at Monteck Carter. Reflects his journey to becoming a trusted advisor for small business owners. Read more

Ensuring you put the correct details when paying IRD online

Work. Sleep. Eat. Repeat?

Benefits of closing the pay gap

Police Managers' Guild Trust

Tired of paying accounting fees?

Research indicates that a lot of clients free their?cash flow by paying their professional fees on a monthly basis rather than paying it as a single lump sum. Read more

Health and safety: Say it loud and proud to lower the risk

Invoicing tips for better cash flow

Getting paid on time can be a real challenge for small businesses. Check out these tips for getting paid sooner. Read more

Homes standards for rental properties

New minimum standards for rental properties - aiming to improve heating, insulation, ventilation and drainage, reduce moisture and stop draughts. Read more

Law changes - How does it apply to your business?

Get an overview of law changes that came into effect in early 2019. Find out how these changes affect your business. Read more

Making tax time easier

Claiming expenses in 2019 - What to keep!

Keep thorough business records as you will have to provide accurate and complete records of your taxable business activity throughout the year. Not only might you miss out on claiming some expenses but you could face penalties if your records are not up to date. Read more

Loss Ring-fencing on Rental Properties

The government has introduced their long-signalled changes to rental property tax into Parliament. They propose introducing loss ring-fencing on residential rental properties and it will apply on residential rental losses from 1 April 2019. You will no longer be able to offset against your other income to reduce your tax or to obtain a refund. If this is your current position please contact us now urgently to discuss your situation and if anything can be done to mitigate the impact before 31 March 2019. Read more

What business expenses can I claim?

Business Expenses to claim Read more

Keeping your employees engaged in uncertain times

Our people are our greatest asset and we need to show them that they are valued. We can do this by providing an engaging and positive work culture while providing professional opportunities towards employee development. Have a look at our strategies and start implementing them in your business today. Read more

Our team always know what they’re talking about

Tips for dealing with Economic uncertainty in your business

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