http://www.trioaccounting.co.nz/blog/ The latest Blog feeds from www.trioaccounting.co.nz en-us Mon, 16 Mar 2026 12:07:28 +1300 Rocketspark http://www.trioaccounting.co.nz/blog/post/148076/your-mid-year-business-reset-coffee-optional-but-recommended/ We’re already into the second half of the year. And if you’re anything like me, you’ll be wondering where the time’s gone.The first half of the year feels like it has disappeared in a blur of to-do lists, deadlines, and short weeks that make it hard to get into flow.But before the year disappears entirely, now is a good time to pause and ask yourself a simple question.When you sit down on New Year’s Eve and reflect on the year just gone, what would make you feel like it had been a good... Sat, 05 Jul 2025 14:41:50 +1200 http://www.trioaccounting.co.nz/blog/#post148076 http://www.trioaccounting.co.nz/blog/post/57301/why-your-drawings-are-not-what-youve-earned-this-year/ “I pay tax on my drawings, right?” “I don’t have to pay any tax because I’ve only taken drawings” “Isn’t drawings the same as a salary?” Drawings is one of the most confusing areas for business owners and it’s not surprising. Google “What are drawings” and you’ll find a huge range of answers using a bunch of technical words. It’s almost guaranteed to give you a migraine. If you not entirely sure about drawings or other accountanty terms like shareholder current accoun... Mon, 31 Mar 2025 00:00:00 +1300 http://www.trioaccounting.co.nz/blog/#post57301 http://www.trioaccounting.co.nz/blog/post/120765/how-to-change-accountants-why-its-ok-and-what-to-expect/ New to business or wanting more from your current accountant?  It IS possible to switch.  The thing is, you are the boss of your own business. You get to choose who you want to engage as a service provider. You’re also free to discontinue working with someone if they aren’t quite the right fit.  Finding an accountant that ‘fits’ is crucial.  You need to feel comfortable having discussions with them and know that you can reach them when you need the... Mon, 10 Feb 2025 00:00:00 +1300 http://www.trioaccounting.co.nz/blog/#post120765 http://www.trioaccounting.co.nz/blog/post/94560/how-does-provisional-tax-work/ When you’re a business owner, all of a sudden income tax gets messy. Taxes are pretty straight forward when you’re an employee: You are paid a salary or an hourly rate.Tax gets calculated based on how much you’d earn assuming that you keep getting paid the same amount each week or month.Your employer pays the taxes to IRD and what’s left over is yours to spend Income tax for business owners is not so simple – it’s difficult to calculate how much tax you should pay during the year bec... Fri, 10 Jan 2025 00:00:00 +1300 http://www.trioaccounting.co.nz/blog/#post94560 http://www.trioaccounting.co.nz/blog/post/125946/why-accountants-charge-so-much-and-what-you-can-do-about-it/ “Please charge me more in accounting fees” said no business owner ever. In fact you only have to belong to a couple of business oriented Facebook Groups to see posts from people querying or complaining about how much they are paying their accountant and how little they get in return.We totally understand and share your frustration. So lets dig a little deeper into why accountants appear to charge so much for seemingly very little in return.... Thu, 21 Mar 2024 09:42:27 +1300 http://www.trioaccounting.co.nz/blog/#post125946 http://www.trioaccounting.co.nz/blog/post/125045/new-gst-rules-for-the-platform-economy/ Anyone who provides accommodation through an online marketplace in New Zealand, such as Airbnb or Bookabach, will be affected by new Goods and Services Tax (GST) changes starting from April 1, 2024. ... Thu, 29 Feb 2024 12:47:17 +1300 http://www.trioaccounting.co.nz/blog/#post125045 http://www.trioaccounting.co.nz/blog/post/87560/how-to-navigate-an-economic-downturn/ There’s no escaping the fact that today’s economic climate is difficult for small businesses. Several years of disruption thanks to the pandemic followed by high inflation means that as a small business owner, you are probably struggling and your customers are too. Adding to the pressure you’re already feeling, the media is full of predictions of a looming recession. Inflation and recession don’t have to equal disaster for your business. But you can’t afford to bury your head in the sa... Fri, 26 Aug 2022 16:58:26 +1200 http://www.trioaccounting.co.nz/blog/#post87560 http://www.trioaccounting.co.nz/blog/post/84474/from-depreciation-to-gross-profit-accounting-jargon-interpreted/ Do you speak accounting?   Accounting jargon is a language all of its own! And it doesn’t help that there are multiple names for the same things.   If you haven’t learned to speak the lingo, this communication barrier can make doing your accounts or talking to your accountant a struggle.   But the numbers in your business tell a story and it’s essential to know your own story.   Luckily for you, we not only speak accounting but we can make it underst... Tue, 28 Jun 2022 12:36:03 +1200 http://www.trioaccounting.co.nz/blog/#post84474 http://www.trioaccounting.co.nz/blog/post/62965/end-of-financial-year--heres-what-you-need-to-know/ If only the end of the financial year was as fun as the end of the calendar year! But alas, for many business owners, the approaching financial year’s end is anything but a party. As 31st March approaches, numerous deadlines and chores lie in wait, and it can all get a bit confusing. But this time of year doesn’t have to be stressful. With proper planning, you can survive tax time without tearing your hair out. This blog will tell you what you need to do and what you need to consider around ... Wed, 30 Mar 2022 00:00:00 +1300 http://www.trioaccounting.co.nz/blog/#post62965 http://www.trioaccounting.co.nz/blog/post/80162/looking-after-your-finances-is-good-for-your-mental-health/ Good mental health is important to any business owner. It keeps you grounded, stops you from being overwhelmed and keeps the stress levels at a minimum. We all know the basic principles of maintaining good mental health. It’s all about eating well, getting enough sleep, taking regular breaks, not pushing yourself too hard and moving your body. But, did you know that having your finances in order is also good for your mental health? In fact, if you don’t have your finances sorted, it can easi... Tue, 15 Mar 2022 12:03:26 +1300 http://www.trioaccounting.co.nz/blog/#post80162