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Business News

The following blog articles provide all sorts of helpful tips and information relating to tax, accounting, legislation, small business, and the latest news in the accounting world. If your questions aren’t answered in the articles, contact our team of accountants for small business for more information.

Changes to Incorporated Societies

5 March 2025 Financial Reporting Requirements All incorporated societies must prepare and file annual financial statements that record their financial activities. The 2022 Act sets
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Drought Declared in more Regions as Government Offers Assistance

On 7 March 2025, Minister of Agriculture, Todd McClay, and Minister for Rural Communities Mark Patterson declared a medium-scale adverse event for the Northland, Waikato,
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Updated Accounting Standards for Tier 3 and Tier 4 charities – how to prepare now

In 2023 the External Reporting Board (XRB) published updated accounting standards for Tier 3 and 4 registered charities.  If your charity’s financial year began on
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Transaction Undervalue

A Word of Warning over buying items clearly undervalue If you have purchased assets from a company which has since gone into liquidation, it is
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