Monteck Carter Chartered Accountants

Meri Kirihimete Aotearoa At Monteck Carter we wish you all a safe and merry holiday season. We are closed from midday on 20 December and will reopen on 13 January 2025 ready to answer your questions. Book in early for a complimentary review and let us help you get started on the right track for a successful 2025. Meri Kirihimete everyone

People are on the lookout for new products, experiences, and services, and are more willing to spend. Add some sparkle to your marketing and inspire brand loyalty into the New Year.

Funding is essential for hitting your business goals – but do you know which routes to finance are the best for your company? We’ve got the lowdown on funding. Head over to our website and check out the blog. #businessadvice #SmallBusiness

Key number to focus on in your business now. What are the key reports to focus on in your business? We'll show you how to track performance, take action and position your company for growth. Head over to our blog on our website to find out more, or just get in touch today to find out how we can help you. https://lnkd.in/gkpcWfri

A crisis can expose gaps in a business’s #RiskManagement processes and highlight new risks that need addressing. Developing a Risk Management Plan will help you prepare for whatever unexpected events the future may hold. Check out the full blog and start developing your plan today https://lnkd.in/gkGeb2AX

FRIDAY FAQ's: Is your business making a loss? Q: Business is slow and my business is making a loss, do I still have to pay income tax? A: If your business makes a loss for the full tax year, you do not have to pay income tax for that year. Talk to us to help manage your tax if you are paying provisional tax because of profits in prior years but think your profit will be less this year. Q: What are our options if we are making a loss? A: There are a couple of things you can do: 1. Carry the loss forward to the next tax year to offset its income 2. Transfer the loss to another company Q: What happens with the loss if we are a look-through company? A: If your company is a look-through company (LTC) any losses don’t stay with the company. Instead, these losses are passed on to you and any other owners (shareholders). You and other shareholders can use these losses to reduce your personal taxes. If your company loses money, you have options to use those losses to reduce the amount of tax you or your other companies will have to pay in the future. Let us help you turn losses into profit. Get in touch with us today!

Managing Tax Debt Managing your tax is important and we can help with that. If you run into tax debt, you have options, but you need to act straight away. Follow the link to read more https://lnkd.in/gMEe_ibv #taxadvisory #taxhelp #businessadvisory

**** EXCITING NEWS **** We're excited to introduce our latest recruit, Nandor. Joining as a graduate accountant, Nandor is completing his bachelors degree in accounting and finance at Auckland University of Technology. Nandor is working his way through our clients introducing himself, so if you haven't spoken to him yet, you will soon. Welcome aboard Nandor.

FRIDAY FAQ's: Cloud-based payroll systems Q: Is there a way for my employees to find out how much leave they have without asking me every week? A: Yes, cloud-based payroll systems give employees easy access to their leave balances. Employees can log in to the self-service portal anytime to view their remaining leave. Q: How does the system save time for both employers and employees? A: The cloud-based payroll system is a valuable timesaver for everyone. It eliminates the need for paper leave application forms by allowing employees to: 1. Log In Easily: Access the self-service portal from any device. 2. View Leave Balances Instantly: Check their remaining leave in the "Leave" or "Time Off" section. 3. Submit Leave Requests Online: Apply for leave directly through the portal and have it approved by a manager. 4. Track Approvals in Real-Time: See the status of their requests immediately. 5. Complete Timesheets on an App If you would like more information on cloud-based payroll systems, get in touch today.

The Government is making changes to personal income tax thresholds from 31 July, 2024. These changes may affect your business if you employ people.