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Important Employer Tips for the 1st April Changes!

Minimum Wage IncreaseOn the 1 April 2024 the minimum wage will increase to $23.15 per hour. This rate applies to all employees 16 years and over. The starting-out and training hourly minimum wage rates will increase to $18.52 per hour, remaining at 80% of the adult minimum wage.Refer: https://www.employment.govt.nz/about/news-and-updates/minimum-wage-is-increasing-on-1-april-are-you-ready/Salaried employees – check for Minimum Wage requirementsIf you have salaried employees, you need to make s...

Get to Know Ruby

Ruby was born and raised in our beautiful “town of trees” Cambridge, though she hasn’t spent her whole life here. Ruby crossed the ditch in 2016  to experience Aussie outback life driving tractors and growing cotton. During that time she also travelled all over Australia doing 25,000kms +! In 2019 Ruby found herself back in Cambridge where she settled into being a part of the A4 family as one of our Client Services Assistants. To do the math, Ruby has been with us for coming up 5 year...

Minimum wage increases to $23.15 per hour

The Workplace Relations and Safety Minister has announced that the adult minimum wage will be rising to $23.15 per hour from 1 April 2024. - a 2% increase from the current hourly rate of $22.70. Brooke van Velden had initially proposed a 1.3% increase, while the Ministry of Business, Innovation and Employment recommended 4%.The Starting-Out and Training minimum wage rates will both increase to $18.52 per hour, remaining at 80% of the adult minimum wage.Between 80,000 and 145,000 New Zealand work...

Moving to Direct Debit for Xero Business Edition Subscriptions

From 15 March 2024 we are moving to GoCardless Direct Debit for all Xero Business Edition subscriptions. Why the move to Direct DebitMoving to GoCardless Direct Debit will take the pain away from our clients having to change Automatic Payments each time Xero adjust their fees, which is normally annually. By switching to Direct Debit the correct invoice amount will be debited from client's nominated bank accounts on the invoice due date (20th of the following month) avoiding us fol...

In the Community

Accounted4 had a team of 8 participants, along with 2 volunteers on the water stands, for the very rainy Waipa Fun Run! Well done team for braving the not so nice weather conditions and getting out there anyway, all for a great cause! This year $1.00 from each race entry received was donated to Cambridge Lifeskills - a Not For Profit agency who offer FREE counselling for children and young people between the ages of 5 to 15 in the Cambridge district.Changes in society have meant m...

In the Office

Meet Steffi, the wonderful new member of our Accounting team!Steffi was raised in Dubai and has completed a B.Com (Finance and Taxation) and has been a member of the ACCA (Association of Chartered Certified Accountants) since 2018.Steffi completed her Masters in Bus (Accounting) in Australia and recently moved to Hamilton from Queensland, after getting married.Outside of work, Steffi is learning to bake and loves to go for walks and spending time with friends and family.Welcome to the team Stef...

How does an accountant save you money?

Turning a profit will be high on your list of goals as a business owner. And if you want to generate the best margins, that means keeping an eye on the money that’s going out of the business, as well as what’s coming in. So, how can your accountant help with this?The days where your accountant just did the bookkeeping, compiled your accounts and filed your tax return are well and truly over. Modern accounting firms are far more interested in helping you with your financial performance, your ...

Overcoming Imposter Syndrome: A Business Owner's Guide

It's a common struggle and we probably don’t talk about it. Imposter Syndrome affects individuals from all walks of life, including business owners. It's characterised by a persistent feeling of inadequacy, despite evidence of your competence and accomplishments. A [Harvard Business Review study] (https://hbr.org/2022/01/youre-not-an-imposter-youre-actually-pretty-amazing) found that nearly 70% of entrepreneurs have experienced imposter syndrome at some point in their careers. This self-doubt ...

Using testimonials and case studies to transform your business

Good reviews are gold for your business. You can spend all day telling people how wonderful and great your product or service is, but what they really want is proof.Showcasing testimonials and written or video case studies is a great way to do that because prospective customers are less inclined to believe what you, as a business, have to say. People are more interested in hearing and believing what other customers have to say, rather than what your sales staff have to say.If this is an area of ...

What are your business goals for the year ahead?

The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement.Take the time to review the year and acknowledge all that has happened, good, bad or indifferent. Examining the year with an objective perspective can provide valuable insights to prepare for the next business year. Planning and goal setting will help provide a focus for your business efforts.You...

Intermediate Accountant

Who are weAccounted4 is a successful, progressive CA Firm nestled in the heart of vibrant Cambridge. Our team of 30, including 9 Chartered Accountants, enjoy working alongside amazing clients from varying industries and assisting them to reach their business and lifestyle goals. Our clients tell us they value us for our personable approach and genuine interest and care.Our family-friendly, fun culture is driven by our team values of Authenticity, Excellence, Innovation, Energy and Solidarity. We...

Join Our Team

We are a successful, progressive, CA Firm nestled in the heart of Cambridge.At Accounted4 (A4), our 30 strong high performing team are 100% focused on our clients and our people. Our vibrant culture is reflected in our Team Values: Authenticity, Excellence, Innovation, Energy and Solidarity.We are 100% cloud technology based with Xero being our preferred software. We are a Xero Platinum Partner, Figured Gold Partner and the 2022 NZ Xero People’s Choice Award Winner.We are immersed in the commu...

Which business expenses can you claim against tax?

Incurring expenses is an unavoidable fact of running a business. But which expenses can you claim tax deductions against and which don’t meet the tax-free criteria?Here’s our lowdown on which expenses you can claim against tax.Which business expenses can you claim deductions against?If your business expense is directly related to earning your assessable income then you should be able to claim a tax deduction against this particular cost.For example, everyday business expenses that you may be...

Holiday cash flow for your small business

Are you heading away for a break from the business this year?This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday.Leading up to the holiday period, is your business cash flow in good health to carry you through? With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday.Planning your cash-flow over the holiday periodInvoice early - Send any invoices that you can...

Exciting Changes in Our Payroll Team!

We are reaching out with some exciting news about a key member of our team, Anne Bland, who has been an integral part of the company for an incredible 19 years.On 15 January 2024, Anne will be stepping down from her role as Client Payroll Manager to move into the a new and exciting chapter as a Payroll Consultant in our A4  Payroll Team. Throughout her nearly two decades of dedicated service, Anne has played a crucial role in ensuring the smooth and accurate processing of client payroll, ea...

Get to know Elayne

Elayne grew up in the Waikato born and raised on her parents dairy farm. Having a passion for the agriculture industry she completed her 4 year degree, Bachelor of Agriculture Commerce with Professional Accounting at Lincoln University (Christchurch) in 2018.Elayne joined the A4 team in August 2022 as a junior-intermediate accountant. She has 4 weeks left of study towards her CA qualification and is looking forward to finishing before the Christmas break and adding CA to her qualification.&...

Featured Client - Informal Marketing

Welcome to Informal Marketing: Ecommerce & Marketing Specialists, based in Cambridge, we simplify success in the digital realm. We understand that marketing can be intricate, but our focus is on making it straightforward for you. With over 10 years of e-commerce expertise, we specialize in creating standout websites using Shopify, WordPress, and Magento. Not just a marketing agency, we're also wizards in photo and video production, ensuring your brand stands out both online and offline.Our s...

Featured Partner - Urban Miners

Rotary Urban Miners is a not-for-profit community enterprise established by Rotary Cambridge. Its mission is to collect e waste and divert it from landfills through either the reuse, repair, or dismantling of products for complete recycling. E waste is one of the most significant waste streams in New Zealand and we landfill nearly 100,000 tonnes of it each year. Urban Miners has been operating public collections of e waste in Cambridge and Te Awamutu for three years and we have developed an extr...

In the Community

As part of our A4 Christmas traditions, of many years now, Geoff and Chris presented a donation of $1000 to the Cambridge Christmas Cheer.This donation by Accounted4 is in lieu of client gifts and goes towards providing Christmas food for members of the Cambridge community who need it most.Geoff Hurst, Director (3rd from right) and Christine Stevenson, Business Manager (2nd from right) present representatives of the Cambridge Christmas Cheer Committee, Amy Watkins (far left), Annette Willis (2nd...

In the Office

We hosted a LOUD Shirt Day in the office on the 27th of October, to raise funds and support all New Zealanders who access sound with cochlear implants. ...

How to handle annual close-downs

Many New Zealand businesses temporarily close down at some point during the year, commonly over the Christmas-New Year period. With a bit of preparation and know-how, employers can handle the annual close-down seamlessly and lawfully.Here are some key considerations if you are planning to shut the business for a short time:Decide if there will be a close-down - NZ employment law allows employers to implement one close-down each year.Set the dates - close-downs usually happen over summer, but you...

A business budget will help with your financial decision making

Budgeting is about estimating your revenues, projecting your expenses and detailing the allocation of funds, so you stick to (and don’t overrun) your agreed budget ceiling.How does budgeting affect your business?Having a clear, agreed budget gives you a structured framework for your financial decision-making. It’s a practical way to control your costs, monitor performance and adapt your strategic and financial decisions to meet changing economic conditions.Using budgeting helps your business...

Plain English guide to profit and loss

Here's our Plain English guide to profit and loss and what this report reveals about your finances.What is profit and loss?Your profit and loss statement is commonly called your ‘P&L’. It’s also sometimes referred to as your income statement or statement of earnings.Your P&L is a breakdown of your company’s revenue (money coming into the company as sales and other income) and your expenditure (direct costs, overheads, expenses and other costs).As a business, you obviously want to...

Team Vacancy

Who are weAccounted4 is a successful, progressive CA Firm nestled in the heart of vibrant Cambridge. Our team of 30, including 11 Chartered Accountants, enjoy working alongside amazing clients from varying industries and assisting them to reach their business and lifestyle goals. Our clients tell us they value us for our personable approach and genuine interest and care.Our family-friendly, fun culture is driven by our team values of Authenticity, Excellence, Innovation, Energy and Solidarity. W...

How much should you pay yourself?

Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings.As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable – and you need enough money to pay the bills. So how can you find the right level of pay? It has to be enough to keep the mortgage paid, while also building a thriving business.If you’re trying...