Accounts NZ Limited – Accounting Software for Charities & Small Business

Xero Small Group Training

Accounts NZ Ltd offers Xero group training sessions (for up to 8 people) at your workplace or online via Zoom. Our training modules cover the entire range of Xero functionality, but the group sessions can also be tailored to suit the specific needs of you and your team.

You can read more about our training services here, and check out our training modules here.

Setting Up as a Sole Trader or Limited Liability Company

Should you set up your new business venture as a sole trader, or would it be better to register as a limited liability company?

Check out our article on the pros and cons of each option here.

You can also have a look at some questions and answers about registering for GST in New Zealand.

Company Vehicles and Fringe Benefits Tax

Most benefits given to employees other than their salary or wages are fringe benefits. These include: motor vehicles available for private use; free, subsidised or discounted goods and services; low-interest loans; and employer contributions to sickness, accident or death benefit funds, superannuation schemes and specified insurance policies.

If these benefits are enjoyed or received by employees or shareholder-employees as a result of their employment, the benefits are liable for Fringe Benefits Tax, which is payable by the employer.

To find out more, download our Guide to Fringe Benefits Tax on Company Vehicles.

Find more business and financial news at the following links:

• Business.govt.nz
• NBR