by BH Accounting | Apr 19, 2025 | Accounting & Financial Management
So, you’ve made a profit — now what? Should you take the money out, reinvest it, or just leave it in the business? That’s where retained earnings come into play. In New Zealand, retained earnings are profits that your company chooses to keep instead of distributing as...
by BH Accounting | Apr 18, 2025 | Accounting & Financial Management
Drowning in bookkeeping nightmares and not sure which cloud accounting software – MYOB, QuickBooks or Xero – will save your small business? I’ve spent years testing these platforms across different client businesses, watching the evolution of features like bank...
by BH Accounting | Apr 17, 2025 | Business Tax & Compliance
Ever asked yourself how to work out travel expenses for your business — and instantly felt overwhelmed? You’re not alone. Whether you’re a freelancer heading to client meetings, a tradie moving between sites, or a small business owner flying out for a...
by BH Accounting | Apr 16, 2025 | Business Tax & Compliance
So, are vouchers tax deductible or not? That’s the kind of question that sounds simple but quickly turns into a rabbit hole if you’re trying to stay compliant with IRD. If you’ve ever given out a gift card, petrol voucher, or coffee credit to a client or team...
by BH Accounting | Apr 15, 2025 | Business Tax & Compliance
So, what is terminal tax exactly and why does it feel like a surprise bill every April? If you’re self-employed, run a small business, or file your own tax return in New Zealand, chances are you’ve come across the term but never quite understood what it means. Simply...
