Managing a small business comes with plenty of challenges, but accounting doesn’t have to be one of them. Xero makes bookkeeping effortless with real-time financial updates, seamless bank reconciliation, and easy invoicing on the go.

At Cross Group, we love how Xero simplifies business finances—giving you more time to focus on what you do best. Ready to make accounting stress-free? Let's chat!

April 1st 2025 is just around the corner, and no, it's not an April Fool's joke—the minimum wage in New Zealand is increasing from $23.15 to $23.50 per hour! While this might make your payroll a little heavier, it’s also a great opportunity to reassess your business, streamline operations, and keep your team motivated.

A solid budget is the foundation for your company’s financial management and success. Here are 4 ways to stay in control of your business budgeting

#businessadvice #SmallBusiness #budgeting

With the right tech stack and accounting software, and assistance from your awesome accountant, it's possible to have genuine real-time information about your business finances, and create a roadmap for your business goals and strategies.

Are you making any of these accounting mistakes? We’ve outlined the top 5 accounting pitfalls that small business owners trip over, so you don’t have to make the same mistakes.

From 1 April 2024, trustee income tax rises to 39%. Trusts earning <$10,000/year and certain special trusts stay at 33%. Inland Revenue clarifies what actions are acceptable. Will this apply to your trust and what actions should you take if it does?

The New Zealand Budget 2024 is here, and guess what? Tax cuts are on the menu! Imagine a little extra cash in your pocket each week—sounds good, right? From income tax reductions to boosted tax credits for families, here’s how the latest budget changes are set to affect you and your wallet. Read on to find out how much you could save and what it means for your daily grind. Spoiler: Your coffee budget might just get a boost!

Kiwi businesses are facing tough times with the post-pandemic recession, leading to a surge in overdue tax debt. Inland Revenue (IR) has observed significant increases in individual, non-individual, GST, and employer tax debts. With the pandemic's support fading, IR is shifting focus towards debt recovery, using data to enhance enforcement. They're urging businesses to engage early, offering options like installment arrangements to manage debts. IR is reaching out to those with significant tax debts, emphasizing the importance of communication to find solutions and avoid stronger actions like debt enforcement or insolvency proceedings. Together, we can tackle this challenge and support businesses through these challenging times.

Let's talk "App Tax"! The plot thickens as the "app tax" saga takes a turn: National party hinted at ditching GST rules for platforms, but the new coalition government says, "Not so fast!" Starting April 1, 2024, these rules are locked in—no more tweaks. From Uber to Airbnb, the GST game is changing: platforms, not individuals, handle the load now. Ride-shares, food deliveries, and stays, all under the GST microscope. Questions? Confusion? Dive in with us and explore the new rules, exemptions, and a potential silver lining for asset owners.

Don't let unexpected IRD audits catch you off guard! Check out the Audit Shield Master Policy — your safeguard against those pesky IRD audit fees. 🌟 Whether it's a call, enquiry, or full-blown audit, they've got your back. 💸 Opt-in for peace of mind! #AuditShield #FinancialSecurity

Ready to take control of when you pay your income tax? 💸 Say goodbye to rigid deadlines and hello to flexibility with Tax Pooling—an IRD approved game-changer! Let's talk tax pooling and put the power back in your hands. 💪 #TaxFreedom #SmartFinance