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News, practical advice and new business law in language you understand.

Stay informed with the latest news including practical tips, technology, tax law, and what our staff and clients are up to. Get the latest updates from our team of well-informed Business Advisors and Accountants

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Kim Marshall on the Authentic Advisor Podcast

Posted September 1, 2024 in Advisory

James Mason from Mindshop interviews Kim Marshall from about her insights on cutting through with business advisory services in a regional market. Kim shares her background and journey to becoming an advisor, including her…

Kim Marshall on the Marketing 4 Business Podcast

Posted July 26, 2024 in Uncategorized

Recently Kim Marshall from our team in Christchurch featured on the the Marketing 4 Business Podcast with Scott Wilson. They discussed simplicity in business strategy, effective coaching methods from “The Coaching Habit,” and the benefits…

IRD audit and enforcement activity to increase

Posted July 17, 2024 in Tax

For many years now, the New Zealand Inland Revenue has not been overly active, or at least not visible, in investigations or enforcement. There have been various reasons for this. The main reason was that the IRD was undergoing a…

New Zealand Budget 2024

New Zealand Budget 2024 – a step in the right direction?

Posted May 30, 2024 in Tax

We were highly critical of the additional spending in Budget 2023 in a time of high inflation and were pessimistic of Treasury’s 2023 forecast that NZ would not enter a recession. Treasury were, of course, wrong and NZ is…

Family Boost – tax credit for childcare costs

Family Boost – tax credit for childcare costs

Posted April 26, 2024 in Tax

Last month, fulfilling an election promise, the Government announced a new credit called FamilyBoost for families paying for early childhood education (ECE). FamilyBoost replaces the proposed extension to the 20 free ECE hours for under two-year olds announced by the…

Drought in the Marlborough, Tasman, & Nelson Districts

Posted March 25, 2024 in Rural

On 14 March 2024, Minister for Agriculture, Todd McClay, declared a medium-scale adverse event for drought in the Marlborough, Tasman and Nelson districts. On Monday 18 March 2024, he fronted a hastily arranged meeting of affected farmers and growers along…

Some certainty at last around the latest New Zealand tax changes – March 2024

Posted March 15, 2024 in Tax #tax

As we have mentioned in recent articles, there are some relatively significant tax changes taking effect 1 April 2024 even though the draft legislation had not been released. Well finally, the detail behind upcoming changes was released yesterday when Amendment…

Update on New Zealand Tax Bill – March 2024

Posted March 12, 2024 in Tax #tax

The Finance and Expenditure Select Committee finally reported back on the Taxation (Annual Rates for 2023-24. Multinational Tax, and Remedial Matters) Bill ahead of its final reading in Parliament later this month. This Bill includes some important changes for large…

Hurry up and wait – Update on upcoming Tax changes in New Zealand – March 2024

Posted March 6, 2024 in Tax #tax

There are some important tax changes coming in from 1 April, but frustratingly, we are one month out from most of these changes applying, and the full detail of these changes is not yet in the public arena. Officially, the…

Tax changes are coming to Post Election New Zealand 2023

Posted October 26, 2023 in Business

While the election result will not be officially known until 3 November, it is clear from the results that National will be in the position for form a government with ACT and, if required, NZ First. The tax policies…

The native plantings go on at Taimate

Posted September 26, 2023 in Community

For the third year, a group of WK Blenheim staff made the trip out to Taimate, just north of Ward township, to assist with the planting of native trees. The group made up of Amy…

Tax Policies for all major parties in the 2023 New Zealand Election

Posted August 31, 2023 in Business #tax

There is a dramatic divide between the tax policies of the left bloc and the centre-right bloc for the coming election. National, ACT and New Zealand First are arguing that New Zealanders are being overtaxed whereas Labour, the Green Party…

2023 New Zealand General Election – Let the electioneering begin…

Posted July 12, 2023 in News

Today we had the first notable tax policy announcement in the lead-up to the 14 October General Election. Although, today’s announcement did not appear planned. Prime Minister, Chris Hipkins, was seemingly backed into a corner after poor polling and ruled…

The way BNZ bank feeds connect to Xero is changing.

Posted June 28, 2023 in Xero

The way BNZ bank feeds connect to Xero is changing BNZ is revamping its Xero bank feeds to simplify the setup process and enhance access to transaction data. Consequently, if you’re a BNZ customer, you’ll need…

Primary Sector Conference 2023

Posted June 26, 2023 in Agriculture

Emma Pilcher from our Blenheim office and Casey Gousmett from WK Strawbridge recently attended the annual Primary Sector Conference held in Christchurch. The Primary Sector Conference 2023 was designed for rural…

New Zealand Budget 2023 – No Frills? or Blow-out?

Posted May 18, 2023 in Accounting & Advisory

Budget 2023 has been dubbed as the “No Frills Budget” by the Government. The opposition are already dubbing it the “Blow-out Budget”. Given that inflation is at levels unseen in New Zealand for a generation, the messaging around the…

Aaron Cassidy of WK Advisors and Accountants: Mindshop Accredited

Posted March 28, 2023 in Accounting & Advisory

As a business leader or entrepreneur, finding the right strategic facilitation partner can be crucial to the success of your business. That’s why WK Advisors and Accountants launched its Strategic Advisory programmes designed for accountability and action, which…

FBT – the forgotten and especially unloved tax.

Posted January 31, 2023 in Accounting & Advisory #fbt

People generally are not overly enthusiastic about filing and paying taxes. However, businesses seem to reserve a special disdain for fringe benefit tax or FBT. FBT is seen as overly complex and difficult to comply with compared to other taxes.

Kaiora Downs

Posted September 28, 2022 in Accounting & Advisory

Mark and Jane Schwass are award-winning beef and lamb farmers based in Culverden, North Canterbury. Mark and Jane have been clients of WK for many years, they purchased the 956-hectare property at Kaiora Downs in the Hurunui foothills…

WK launches WKIQ in Christchurch

Posted July 18, 2022 in WKIQ

WK is thrilled to announce we are rolling out WKIQ courses at our Christchurch office. WKIQ was established in late 2018 to provide WK clients and the wider community with the tools and knowledge they need to run a successful…

At Pace with Nature – Moleta Family

Posted July 5, 2022 in Agriculture

We love seeing our client’s work featured in videos what about this fantastic one about the Moleta’s who farm Hops in Tapawera.

WK Effect – Hickman Native Tree Planting

Posted June 23, 2022 in Agriculture

The Hickman Family from Taimate – Farmers, Grape Growers & Conservationists We posted about the Hickman’s Native Tree planting project last year. As a follow-up, WK was invited to participate again this year. So, on a chilly but fine Tuesday…

New Zealand Budget 2022 – Reserve bank and the Government on a collision course

Posted May 20, 2022 in Business

Yesterday was Budget Day and, as expected, the Government offered up some shiny trinkets in the form of large increases to health spending and a modest package to address the cost of living squeeze. However, make no mistakes, yesterday’s budget…

WK How To: Reconcile Overpayments

Posted May 5, 2022 in Xero

First click on find & match of the bank transaction received or paid Second select the invoice that is being paid Select “New Transaction” and “Receive Money” or “Spend Money” depending on whether it is a payment you have made…

WK How To: Set up Automatic Invoice Reminders

Posted May 5, 2022 in Xero

Invoice reminders can be set up to send out automatically. This can be to either remind customers that an invoice payment is coming up, or that an invoice is overdue. As Xero only recognises that an invoice is paid once…

WK How To: Set up a Batch Payment

Posted May 5, 2022 in Xero

Batch payments allow you to group together payments and export the details to a file that be uploaded to your online banking. This avoids you entering payment details directly into the bank, saving you time. We note it is worth…

WK How To: Reconcile Prepayments Received

Posted May 5, 2022 in Xero

There may be an instance when you receive a prepayment on a job before you have sent out an invoice. These instructions will show you how this can be treated in Xero. Please note: the GST treatment of prepayments is…

WK How To: Reconcile a Cash Refund

Posted May 3, 2022 in Xero

When you have a credit note that is physically being refunded, you will find when payment is made (or received) the credit entered in invoices (or bills) won’t come up in a find & match search in the reconciliation screen.

WK How To: Reconcile a Bank Transfer between accounts

Posted May 3, 2022 in Xero

Start on the reconcile screen in one of the bank accounts. Select “Transfer.” If you have more than two bank accounts in Xero you will also need to select the appropriate bank account. Press OK. Go to the reconciling page…

WK How To: Enter Credit Notes in Xero

Posted May 3, 2022 in Xero #xero

Option 1 – Create credit note from Invoice or Bill in Xero Click on the invoice or bill you want to credit. Under the Options drop-down, select Add Credit Note. If only part of the invoice or bill is being…

Building Leadership Capabilities – what are the gaps and building these capacities based on Mindshop’s 5 phases

Posted April 21, 2022 in Business #mindshop business leader insights report 2022 series

This blog, the latest blog in our Mindshop Business Leader Insights series, aims to help you identify areas of growth when it comes to leadership capability. As expected, every leader is at a different stage of…

Recharting Success and the 8 Steps for Recharting 2022

Posted April 13, 2022 in Uncategorized #mindshop business leader insights report 2022 series

Mindshop’s Business Leader Insights Report for 2022 has given us a lot of food for thought when it comes to moving forward in a changing business landscape. As we continue our series of blogs to help you understand Mindshop’s…

Insights 4, 5 and 6 from Mindshop – Invest in leadership & coaching, thriving’ strategy and vision for 2022 and don’t lose sight of what makes you profitable

Posted April 6, 2022 in Accounting & Advisory #mindshop business leader insights report 2022 series

This week, we continue to unpack the six key insights from Mindshop’s Business Leader Insights Report.Insights four to six cover investing in leadership and coaching capabilities, creating a thriving strategy and vision for 2022, and focusing on what makes your…

How to Use Your Reset Plan to Address Emerging Insights – Mindshop Business Leader Insights

Posted March 15, 2022 in Accounting & Advisory #mindshop business leader insights report 2022 series

There’s quite a bit to get into with the key insights from Mindshop’s Business Leader Insights Report, and so we’ve split the six insights in half for a post each. In this third post analysing Mindshop’s Business Leader Insights…

Update to the COVID-19 Support Payments and The Small Business Cashflow Loans – March 2022

Posted March 14, 2022 in Business

COVID-19 Support Payment Update The IRD has released an update on COVID-19 support (CSP) payments. Firstly, from 8:00 am this morning (14/3/22) it is now possible to use a typical week between 5 January and 15 February 2021 as the…

Preparing for the end of the tax year – 31 March 2022

Posted March 11, 2022 in Accounting & Advisory

There’s plenty of uncertainty out there about what the next few weeks and months will look like as Omicron sweeps through the community in full swing and geopolitical turmoil impacts financial markets and inflation. However, as the saying goes there…

COVID-19 Support Payments applications are now open

Posted February 28, 2022 in COVID-19

Applications for the COVID-19 Support Payment (CSP) opened this morning. These applications are made through IRD’s online “MyIR” platform. Once logged, the application can be found under the “I want to” menu. Then click the third link “Apply For COVID-19…

Further detail on COVID-19 Support for business – February 2022

Posted February 25, 2022 in COVID-19

The Inland Revenue has released further detail on the changes announced on the 21st of February that we discussed earlier in the week. Covid Support Payment Starting from 8 am on Monday the 28th of February,…

Why You Need to Reset for 2022 - Mindshop Business Leader Insights Report - WK Advisors and Accountants

Why You Need to Reset for 2022 – Mindshop Business Leader Insights

Posted February 24, 2022 in Business #mindshop business leader insights report 2022 series

In the next chapter of Mindshop’s Business Leader Insights Report for 2022, businesses were surveyed in reflection of 2021 to find out what the most successful approaches were and what that means for recharting for 2022.

Government support announced for Omicron Outbreak

New Zealand Government Announce Business Support for Omicron Outbreak

Posted February 22, 2022 in Uncategorized #covid19

Like the Omicron Wave, Government support has been a bit slower to arrive than anticipated, but yesterday some relief for businesses was finally announced. At this stage businesses outside of tourism and hospitality seem to largely…

WK Christchurch Client Reefton Distilling Co. Featured on Seven Sharp

Posted February 18, 2022 in Uncategorized

Did you catch WK Christchurch client, Reefton Distilling Co. on TV1’s Seven Sharp last night? Founder and Chief Executive, Patsy Bass welcomed Julien Lee and the Seven Sharp crew to the small town of…

Resetting for 2022; the Key to Success – Mindshop Business Leader Insights Report

Posted February 17, 2022 in Business #mindshop business leader insights report 2022 series

Our friends at Mindshop have put together their annual Business Leader Insights Report with the key takeaway for business success this year being the ‘reset’. Resetting and re-charting your path to success for 2022 based on…

The Next ZeroStone Chapter; Continuing to Evolve their Service Offering

Posted February 15, 2022 in Uncategorized

We’ve been following WK Blenheim client ZeroStone’s journey over the last few years; from when detector dog Stone was just 10 weeks old, to his on-site workplace training only a few weeks later, to…

Out of the Red – F45 Takapuna

Posted December 3, 2021 in Business

WK client F45 Takapuna are celebrating the move out of COVID-19 Lockdown; Co-owner Lynnae Palu has been managing business operations for the gym under difficult circumstances for the last 107 days. Partner Matthew, credits Lynnae’s passion…

MindShop Podcast – Neil Sinclair on Purpose Beyond Profit and the WK Effect

Posted October 4, 2021 in WK Effect

Neil Sinclair sits down with James Mason MD from Mindshop and discusses the WK Effect and what it means to our staff and the wider communities we work in.

Christchurch Sunset

Simon Ross Announced as WK Christchurch Director

Posted October 1, 2021 in News

WK Advisors and Accountants has the pleasure of announcing the appointment of Simon Ross as a Director of WK Christchurch. Simon is based at the WK Christchurch office and joins Aaron Cassidy as the…

Hargreaves Merges with WK Advisors and Accountants Christchurch Office

Posted October 1, 2021 in Accounting & Advisory

WK Advisors and Accountants has the pleasure of announcing that our Christchurch office has merged with fellow Ōtautahi-based accountancy company, Hargreaves & Felton. The merged business will trade as WK Christchurch. Rick Hill,…

Update on the New Zealand Governments COVID-19 support – 14 September 2021

Posted September 14, 2021 in Business

Wage Subsidy – Round 3 Yesterday it was announced that there will be a third round of wage subsidy. This will apply for revenue drops of 40% or more for the period 14 September to 27 September but only if…

COVID-19 Second round of Resurgence Support Payments announced – 13 September 2021

Posted September 13, 2021 in COVID-19

Finally, the New Zealand Government has announced a second round of Resurgence Support Payments (“RSP”). To qualify a business will need to have suffered a 30% turnover drop for a 7-day period beginning 8 September compared to a typical 7-day…

COVID-19 Shift to Level 2 in New Zealand / Delta – 7 September 2021

Posted September 7, 2021 in Business

We welcome the shift back to something resembling normality with the country (outside of Auckland) shifting back to Level 2 at midnight tonight. This time round Level 2 comes with a lot more restrictions including greater distancing, smaller gathering sizes…

Wage Subsidy Update - 3 September 2021

COVID19 Wage Subsidy update – 3 September 2021

Posted September 3, 2021 in Business #business #covid19

First round of Wage Subsidy ended prematurely The first round of the Wage Subsidy in August 2021 closed prematurely. It was supposed to close at midnight last night but closed sometime around 8pm. Hopefully, not too many businesses will be…

Wage Subsidy August 2021 #1 close off

Posted September 1, 2021 in Business

Note that applications for the first round close 11:59 pm this Thursday the 2nd of September. A second round starts 9:00 am Friday. A business that did not meet the turnover eligibility for the first round can apply for the…

Alert Level 3 – Extensions to Government Assistance – August 31, 2021

Posted August 31, 2021 in Business

As you will no doubt be aware, all of the country except Auckland and Northland shifts to Level 3 at midnight tonight. At this stage, Level 3 is pencilled in to last one week. Level 3 is still very much…

COVID-19 – Managing wellbeing during Level 4 Lockdown

Posted August 26, 2021 in COVID-19 #covid19 #xero

Amidst all the challenges created by COVID-19, it is more important than ever for business owners and their staff to stop and recognise the importance of wellbeing during the current Alert Level 4 Lockdown in New Zealand. COVID-19 has had…

COVID-19 – Mandatory sign-in is coming and a reminder of Alert Levels for New Zealand

Posted August 24, 2021 in COVID-19

This time around, the Government response to this lockdown has been far more settled, well at least so far. We are not seeing rules being introduced or changing by the hour as we did in late March and early April…

Government Assistance Update – August 23, 2021

Posted August 23, 2021 in COVID-19

Since our last Blog, the Level 4 lockdown for areas outside of Auckland has been extended until the end of this week and Auckland has been extended until Tuesday next week. The Alert Levels for areas outside of Auckland will…

Wage Subsidy applications are now open – August 20 2021

Posted August 20, 2021 in Uncategorized #business #covid19 #planning

Wage Subsidy applications are now live. However, we recommend that you exercise caution before rushing out and making an application. The circumstances for this round of Wage Subsidy are very different to that of March 2020. In…

COVID-19 Brief update – 19 August 2021

Posted August 19, 2021 in COVID-19 #business #covid19

Cabinet meets tomorrow to discuss the current Alert Level settings. While we wait on an update on Alert Levels, we suggest you consider the following (where applicable/relevant): Start planning for the possibility of Level 3 trading. If you turn your mind back…

Covid-19 returns, not again.

Posted August 18, 2021 in COVID-19

Well… here we go again. The inevitable has finally happened and Covid has reared its ugly head. As you will surely be aware, at this stage the Auckland and Coromandel regions have shifted into a 7-day lockdown, with the rest…

Taimate and the Hickman family – Farmers and Conservationists

Posted August 10, 2021 in Agriculture

John and Paul Hickman are the fourth generation of their family to farm at Taimate, along with wives; Andrea and Nadine, and their families. The Hickmans see themselves as caretakers of the property that borders the iconic Lake Elterwater, a…

How to set up Xero Multi Factor Authentication (MFA)

Posted May 6, 2021 in Uncategorized

Since the 4th of May, Xero Multi Factor Authentication (MFA) has become mandatory for Xero customers. Multi Factor Authentication (MFA) is an additional security process to check that it’s really you when you login to your…

Peter Forrest WK

Peter Forrest, Former WK Director, Receives CA ANZ Fellowship

Posted March 26, 2021 in News

Former WK Director, Peter Forrest, has recently been acknowledged with the Chartered Accountants Australia and New Zealand (CA ANZ) Fellowship – a prestigious international accounting award which recognises services to both the profession and local community. “CA ANZ…

Government implements significant property changes

Posted March 23, 2021 in Accounting & Advisory

Today the Government renewed its war on residential landlords and announced some major changes in the property sector. Obviously, the house price increases we have seen in the past couple of years are unsustainable and are having significant social impacts. …

Update on Covid support

Posted March 3, 2021 in COVID-19

New round of Wage Subsidy announced The Government has announced that Wage Subsidy is making a return for Round 4. This was signaled when the recent increase to the alert levels first occurred in the weekend. Applications will be able…

Resurgence Support Payments – Part II

Posted March 1, 2021 in COVID-19

The announcement of an increase in Covid alert levels for at least 7 days means that another round of Resurgence Support Payment (RSP) will become available next week. Claims for the past level increase (the week beginning February the 15th)…

Wellington Parliament Buildings

Resurgence Support Payments

Posted February 22, 2021 in COVID-19

After the recent Auckland Community cases, the Government introduced a new mechanism to support businesses. The new scheme known as Resurgence Support Payments (“RSP”) is activated by a decision of Cabinet. Generally, this will be anytime Level 2 or higher…

2020 a wrap from WK

Posted January 8, 2021 in Christchurch

2020 will certainly draw out some interesting wrap-ups, more than likely drawing on COVID-19 and the negative impacts it had on businesses and the community in general. With that in mind, we’ll certainly touch on COVID-19 in this blog, but…

Wellington Parliament Buildings

New Legislation rushed through Parliament

Posted December 4, 2020 in Business

Top tax rate Legislation to increase the top tax rate was introduced and rushed through parliament under urgency. By rushing this Bill through parliament, the normal democratic process has been circumvented as interested parties are denied the opportunity to make…

New Zealand property price circus side-show

Posted November 25, 2020 in Business

Property prices have been the hot topic in the past few months as property prices have gone ballistic across the country. Fundamentally, rapidly rising property prices are being driven by low supply. However, the removal of the “loan to value”…

Update on recent happenings in Wellington

Posted November 23, 2020 in Accounting & Advisory

Due to Government activities ceasing for last month’s election, there hasn’t been much to write in terms of updates recently. With the recent confirmation of the election results, things have suddenly sprung back to life. Small Business Cashflow Scheme In…

WK clients adapt to a world with COVID-19

Posted November 19, 2020 in COVID-19

While COVID-19 had a negative impact on many New Zealand businesses, it has been inspiring to see many of WK clients leveraging their businesses offerings and marketing with positive outcomes. One such business, Allan Scott Wines…

WK-Business-Advisory-Post-Covid

Has your business adapted since Covid 19?

Posted November 3, 2020 in Accounting & Advisory

Are you focusing your time and energy on the right things at the moment? The things you CAN control, that will help your business thrive? Or are you focussing on things you can’t control, like politics, rules, regulations, outbreaks, lockdowns etc? The…

wk advisory property investor

2020 Tax update for Property Investors

Posted October 28, 2020 in Accounting & Advisory

While 2020 has been eventful, to say the least, it has been a relatively quiet year on the tax policy front. Here is our brief summary of relevant tax matters from the 2020 year (so far). RECENT TAX CHANGES Depreciation…

Agri Senior Advisors Beef & Sheep Farmer of the Year - wk effect

Sheep & Beef Farmer of the Year 2019 winners field day

Posted October 27, 2020 in Accounting & Advisory

WK Advisors and Accountants are proud sponsors of the Westpac & Bayleys Marlborough Sheep & Beef Farmer of the Year and on Friday 16th October, our senior WK advisors Craig Robinson and Derek West both attended…

Zerostone pup Luka

ZeroStone Detector Dog – The Next Chapter

Posted September 23, 2020 in Community

WK Blenheim enjoyed a visit from our clients Mike Lawson and Matt MacDougall from ZeroStone, they brought with them, Luka a 4-month-old German Shepherd pup who joined the team as an eight-week-old puppy. Luka will pair with their first dog Stone,…

National’s tax policy announcements

Posted September 21, 2020 in Accounting & Advisory

On Friday, National leader, Judith Collins and Finance Spokesman, Paul Goldsmith has announced National’s bold fiscal plan. National’s bold tax policy is a stark contrast to Labour’s very conservative tax policy. Labour’s policy seemed to be aimed at not offending…

Labour announces its tax policy for election 2020

Posted September 9, 2020 in Accounting & Advisory

Labour has announced its tax policy, and it is surprisingly conservative. Labour is proposing that if it is re-elected then it will introduce a new top rate of 39% kicking in from $180,000. On Labour’s numbers this affects only 2%…

Business Finance Guarantee changes…some further thoughts

Posted August 21, 2020 in Business

Our blog yesterday has generated a lot of discussion. Something we’ve been asked is why the old scheme failed so badly, and do we think the improved scheme will perform any better. Here is our opinion on this. Why did…

Big changes to the New Zealand Business Finance Guarantee Scheme

Posted August 20, 2020 in Business

The Government-backed Business Finance Guarantee (or BFG) scheme has been an epic failure. The scheme was too restrictive and there was too much red tape. The Government set aside $6b+ for the scheme when the scheme was announced. However, to…

Support announced for recent COVID19 outbreak in New Zealand

Posted August 17, 2020 in COVID-19

After months of ongoing bungles at isolation centres, the inevitable occurred, and Covid-19 is back in the community and Auckland is back in Level 3 lockdown. The travel restrictions on Aucklanders are going to be particularly hard on the tourism…

Income Equalisation Scheme

Posted July 31, 2020 in Agriculture

For most farmers, their financial year balance date has now passed for the 2020 year. Now is a good time to take note of your livestock on hand and forward to your WK advisor if you have not done…

Client Spotlight on OsGro Seed Services

Posted July 24, 2020 in Agriculture

OsGro was established in 2008 by husband and wife team Alice and Jeremy Oswald, who grew the company into what it is today. With a heavy emphasis on relationship based practices, they service the local Marlborough and Nelson area, as…

Curly COVID-19 New Zealand wage subsidy scenarios

Posted June 12, 2020 in Business

There are a couple of scenarios that we have come across multiple times in the last couple of weeks. It turns out that WINZ has a secondary website that contains some useful and concise information that…

Wage subsidy extension open for applications

Posted June 12, 2020 in Business

The Wage Subsidy Extension went live yesterday morning. The full criteria were published at the same time. As we saw with the original scheme, we expect that the information WINZ published will change over time. The turnover drop threshold and…

Level 1 – Freedom (within our borders at least)!

Posted June 9, 2020 in COVID-19

Double-dose of good news…there are officially no Covid-19 cases in NZ and Level 1 will commence from midnight Tuesday 9th. The shift to level 1 will give businesses the first real sense of what “normal” is going to look like…

New normal seems to be on the horizon

Posted June 5, 2020 in Business

As we write this article there is just one remaining “active” case of Covid-19 as there has been no new cases for 12 days. There seems no obvious reason why we have not already moved to Level 1. In terms…

Peter Forrest WK

Peter Forrest Retirement

Posted June 3, 2020 in Staff

Many of you will already be aware of Peter Forrest’s retirement from WK. Peter has officially now retired. We will be forever indebted to Peter for his commitment over 30+ years to WK. Not only did Peter excel in…

lake rotoiti

WK Strawbridge merger strengthens business in the top of the south

Posted June 2, 2020 in Business

www.wkstrawbridge.co.nz A merger between two well-established accounting firms, bridges the gap between Nelson and Marlborough and provides local businesses with a wider scope of business resources and tools, and an enhanced range of specialist skills. Since…

Breweries pivot for COVID19

Posted May 21, 2020 in Business

While the national lockdown brought the country to a standstill for more than a month, it’s been awesome to see many New Zealand businesses pivoting their brand’s offerings, marketing and strategies in light of Covid-19. Two such businesses, WK clients…

Arapawa Seafarms

Posted May 19, 2020 in Business

For over 15 years Arapawa Seafarms have been continually growing, farming, breeding and reseeding New Zealand Abalone (Haliotis iris or Paua). Throughout the years they have learned, through trial and error how to successfully spawn (breed) wild Paua, grow larvae,…

WK Client Higgins Shearing Continues to Impress

Posted May 15, 2020 in Business

Here at WK we are continually impressed with the skill, hard work and talent of our clients and Higgins Shearing is no exception. This team of determined young women, led by Sarah…

Budget 2020 – long term solution for an immediate problem?

Posted May 15, 2020 in Business

New Zealand Budget 2020 was promised to be the “jobs budget” by the Prime Minister just yesterday. However, it is difficult to see how this budget saves or creates many jobs in the short term. Of course, it must be…

Modest government loans for small businesses

Posted May 13, 2020 in Business

From the 12th of March 2020, businesses have been able to apply for the “Small Business Cash-flow Scheme” or “SCBS” loans directly from Inland Revenue. Inland Revenue will accept loan applications from 12 May to 12 June. Applications can only…

lake rotoiti

COVID19 Level 2 – levelling-out

Posted May 7, 2020 in Business

The New Zealand Prime Minister has announced what Level 2 will look like. The decision to shift to Level 2 is yet to be made. Cabinet meets on Monday to decide if, and when, the shift to Level 2 will…

New Zealand Government announces Small Business Cashflow Scheme and Business Finance Guarantee Scheme

Posted May 1, 2020 in Business

Some good news before the weekend We are happy to report that there have been a few good positive developments for businesses in the past two days. These are: Introduction of a loan scheme for small businessesIntroduction of a loss…

COVID-19 Level 3 – a little slice of normality is on the horizon

Posted April 21, 2020 in Business

Yesterday, the New Zealand Government announced the shift to Level 3 after this long weekend. Level 3 will last at least 2 weeks and will be reviewed on the 11th of May. Level 3 isn’t really the end of lockdown;…

COVID-19 Level 3 – over the hump?

Posted April 17, 2020 in Accounting & Advisory

As you will be aware, the Government announced what Level 3 will look like yesterday. The official line remains that no decision to shift to level 3 has been made yet, and no decision will be made until Monday. However,…

Further New Zealand Government stimulus for COVID-19

Posted April 16, 2020 in Accounting & Advisory

Yesterday, the Government announced in principle some further tax changes and other measures aimed at improving the cash flow for SMEs. The announcement is very high-level at present. The legislation to make these changes will be introduced on the 27th…

Wk Effect COVID 19 Seminar

Introducing the WK COVID-19 Recovery Webinar Series – powered by the WK Effect

Posted April 11, 2020 in Accounting & Advisory

At WK, we believe that whether it’s life or business, we’re all in this together. So, behind everything we do and everything we are, lies a genuine desire to work towards the greater good. For our clients,…

Financial assistance for business continuity advice

Posted April 8, 2020 in Business

Many of you will want or need more specific support and guidance to navigate through this crisis. Cashflow planning, disaster recovery planning (and strategy in general) are critical now to help businesses through the current crisis. Perhaps more importantly, the…

New Zealand Governments Banking Support Package – COVID-19

Posted April 7, 2020 in Accounting & Advisory

Background About two weeks ago the New Zealand Government announced that it, the Reserve Bank, and most registered banks would work together to ensure that banks could continue to support New Zealanders through this crisis. This package is a real…

COVID-19 Wages Subsidy FAQS 3

Posted March 31, 2020 in COVID-19

The New Zealand Government updated its terms of the COVID-19 Wage Subsidy scheme on the 27th of March 2020 this blog details our findings on these changes. Again, we would like to reiterate that this is a fluid scenario and…

Preparing for 31 March 2020

Posted March 30, 2020 in Accounting & Advisory

Well, this 31 March feels a bit different, doesn’t it? This year-end seems more like prepping for a doomsday than gathering your info to send off to us. If you want to look for a positive, the lockdown is…

COVID-19 Lockdown pay update

Posted March 27, 2020 in Business

Reflecting our recent view, as of 4 pm today (27/03/20), the Wage Subsidy criteria has changed to specifically allow only the $585.80 to be passed on to employees in certain circumstances – Read the press release…

Wellbeing and Xero Assistance Programme (XAP)

Posted March 26, 2020 in Community

https://youtu.be/6hgsvTO8rsw Times of uncertainty can be particularly challenging on mental health. Full credit to Xero for stepping up looking out for their customers mental wellbeing and setting up the Xero Assistance Programme (XAP). Businesses who are on a Xero starter,…

COVID-19 Wages Subsidy FAQS 2

Posted March 26, 2020 in Business

Since this post was written the New Zealand Government has changed the rules around the scheme we’ve reviewed these changes in this blog post. Our first wages subsidy…

Tax Changes for Covid-19

New Zealand Tax changes for COVID-19

Posted March 26, 2020 in COVID-19

Yesterday a bill was passed under urgency to implement the tax (and a few social welfare) changes announced the prior week. While these changes are welcomed, they are minor in the scheme of things. However, before we get to that,…

COVID-19 Update 25 March 2020

Posted March 25, 2020 in COVID-19

Firstly, to the many clients that have called or emailed our team in the last 24 hours and are still awaiting a response, please accept our apologies. The email and call demand has been unprecedented and our team is…

URGENT Covid-19 Update

Posted March 23, 2020 in Community

With the government announcement of the change to Level 3 and moving to Level 4 Lockdown in the next 24 hours, we understand that this will have a dramatic impact on our client businesses. We fully understand the likely impact,…

Corona Virus and New Zealand Businesses

Overview of the New Zealand Governments Covid-19 stimulus package

Posted March 19, 2020 in Accounting & Advisory

On the 17th of March 2020, the Government announced a $12.1b stimulus package. In reality, only around $7b of this is for short-term relief related to the virus. The package includes: $5b in wage subsidies between now and 30 June…

Stone at WK offices

Stone from ZeroStone Investigations returns to WK

Posted March 12, 2020 in Community

Back in September 2019 we featured Stone, the new drug sniffing dog for WK client…

How to protect your business against cyber risk

Posted March 11, 2020 in Technology

More and more New Zealand businesses are being either held to ransom or having critical systems taken offline. In this blog, we look at some measures you and your business can take to be cyber safe. Unfortunately, the majority of…

Corona Virus and New Zealand Businesses

Coronavirus update for New Zealand Businesses

Posted March 4, 2020 in Accounting & Advisory

As Coronavirus (COVID-19) continues to spread and disrupt business operations around the world, we are encouraging our clients to carefully review the strategies, policies, and procedures of their business to protect employees, customers and operations.

Boutique Glamping Accommodation a Stone’s Throw Away from Home

Posted November 7, 2019 in Business

WK would like to congratulate clients Fen & Ros Leov on opening their new farm stay; Omaka Valley Glamping Hut. Looking to diversify their traditional sheep and beef farming operation, they have spent the last 18 months planning…

115 Years of Farming Recognised for WK Client, Rose Ag

Posted October 25, 2019 in Agriculture

WK is pleased to be supporting yet another business as they celebrate more than a century of farming in Marlborough this year. Tim, Tracy and Vaughan Rose were presented with the Century Farms Award for Kegworth, a nod to…

Xero Projects: A simple way to keep track of time and costs

Posted October 22, 2019 in Xero

Xero Projects provides users with a simple way to capture, track and report on the time and money spent on each job so that they can proactively invoice, make informed decisions and manage their business more efficiently. This simple…

Xero Mental Health Programme

Xero Supports Mental Health with New Programme

Posted September 18, 2019 in Technology

Workplaces play a critical role in promoting mental health and general wellbeing. With an estimated 25% of the workforce diagnosed with mental health issues, there is a need now more than ever for programmes to be put in place to…

ZeroStone Investigations Onsite Training

Onsite Training with ZeroStone Investigations

Posted September 12, 2019 in Uncategorized

We recently featured our clients ZeroStone Investigations and their new investment, Stone: a 12 week old German Shepherd. To introduce Stone to a new environment we invited Mike, Matt & Stone to visit us at our Blenheim WK…

Zerostone invests in technology

ZeroStone Investigations Invest in New Technology

Posted September 6, 2019 in Uncategorized

WK Client, ZeroStone Investigations, provide a wide range of services, amongst them are Methamphetamine Testing and Drug Testing along with investigative work. Clients Mike and Nicki Lawson along with staff member Matt MacDougall are great believers in applying technology…

ASB Theatre Marlborough

WK Gets Behind Marlborough Youth with Stars in Your Eyes

Posted August 6, 2019 in Uncategorized

WK is pleased to be getting behind Marlborough’s stars and the wider community at the Stars in Your Eyes contest in Blenheim this month. Hosted by the Creative Kids Trust and…

Xero Subscriptions: Which One Should I Choose?

Posted August 2, 2019 in Uncategorized

With multiple Xero Subscriptions available, it can sometimes be difficult to know which is the right fit for you and your business. There is a reason there are different levels of subscription, because Xero knows…

WK How To: Xero Cash Coding

Posted August 2, 2019 in Uncategorized

If reconciling your transactions in Xero is one of the tasks which often falls by the wayside for your business, Cash Coding is a tool you need to get to…

Streets of Marlborough to New York Marathon

Posted July 23, 2019 in Uncategorized

WK Advisor and Payroll Administrator Renee Craw is running the streets of Marlborough in preparation for the New York Marathon. Despite previously completing half marathons, the November…

WK How To: Xero Batch Payments

Posted July 12, 2019 in Uncategorized

With Xero Batch Payments, paying monthly invoices is as simple as a few clicks of the mouse.If you are on Xero Business Edition, you have the ability to enter monthly…

WK How To: Xero Bank Rules

Posted July 12, 2019 in Uncategorized

Bank Rules are a key feature in helping business owners to streamline bank reconciliations in Xero. They allow users to automate the bank reconciliation process, saving time and ensuring…

WK How To: Xero Files

Posted July 12, 2019 in Technology #xero

Did you know that Xero has its own filing system, Xero Files, where you can attach documents to invoices, bank transactions, contacts and even manual journals? At WK,…

Lalomanu beach on Samoa Island with tree palm trees, Upolu, South Pacific

Trainee Advisor leaves Apia for Advisory at WK

Posted July 11, 2019 in Uncategorized

WK Trainee Advisor Rebecca Faapopo. Just two weeks before landing a new role at WK Advisors and Accountants, trainee advisor Rebecca Faapopo arrived in New Zealand from her native Samoa. It is her third time living in New Zealand,…

WK Advisors and Accountants Blenheim

WK Offers New Challenge

Posted July 9, 2019 in Uncategorized

WK Trainee Advisor Amy Goldsmith Attracted by a new challenge, Amy Goldsmith joined WK as a trainee advisor last month. Four weeks in she hasn’t been disappointed; thriving off the new challenges each day brings. “I’m learning new things…

Taimate Angus Fetches Record Price for Angus Bull

Posted June 24, 2019 in Uncategorized

The two-year-old Angus Bull which sold for $85,000 at auction in Marlborough. Credit: Angus New Zealand Facebook. WK would like to congratulate the Hickman family from Ward on their record making Angus Bull sale conducted at their property, “Taimate”,…

Aaron Cassidy WK Christchurch

Shackleton Consulting Merges with WK Advisors and Accountants

Posted June 7, 2019 in Uncategorized

Two of Christchurch's top accounting firms, WK Christchurch and Shackleton Consulting Ltd have merged.

Tech Connects WK Christchurch and Blenheim

Posted May 7, 2019 in Uncategorized

Technology has been crucial for the WK Christchurch team in allowing them to establish strong and seamless relationships with clients and the wider WK team. Director…

New Advisors Learning the Ropes at WK

Posted April 12, 2019 in Uncategorized

We’ve welcomed four new advisors to the team at WK, who are quickly learning the ropes to provide support to our senior advisors and directors. A key part of…

A Celebration of Marlborough with WK Gala Feast

Posted March 27, 2019 in Uncategorized

WK Gala Feast is back for another year with Starlight Sessions by Arbour, at Spy Valley Wines. We’re thrilled to be the main sponsor of this event, which aims to showcase much of…

Acknowledging Graham Crombie

Posted February 15, 2019 in Community

The WK team would like to pay tribute to our Independent Chairman, Graham Crombie, who passed away unexpectedly this week. Graham, or Muzza as we knew him, has been an invaluable member of our governance team for nearly five years…

WK Introduces Training Workshops with WKIQ

Posted February 14, 2019 in WKIQ

WK is thrilled to announce our new service; WKIQ. WKIQ was established in late 2018 to provide clients and the wider community with the tools and knowledge they need…

WK Christchurch Welcomes Senior Advisor

Posted January 21, 2019 in Christchurch

Andrea Leach WK is pleased to have welcomed a Senior Advisor to the Christchurch office. Chartered Accountant Andrea Leach has come back to WK after first working…

WK Christmas Hours

Posted December 7, 2018 in Uncategorized

The Team at WK takes this opportunity to wish our clients and families a very Merry Christmas and safe and Happy New Year.

WK Advisor Gains Chartered Accountancy While Raising Twin Boys

Posted October 26, 2018 in Marlborough

A WK senior advisor has recently gained her chartered accountancy qualification while raising twin babies.

Neil Sinclair Mountain Biking in North America

WK Director Becomes Qualified Mountain Biking Coach

Posted October 24, 2018 in Community

WK director Neil Sinclair has taken his passion for mountain biking to the next level by gaining his qualification as a registered mountain biking coach.

The All New Xero Expenses

Posted October 15, 2018 in Technology

WK has had some enquiries into Xero's new Expenses Feature under their standard and premium plans. This latest blog looks into what it all means.

Making the Most of Advisory Professionals

Posted October 12, 2018 in Accounting & Advisory

The way business people work with their accountant, lawyer and bank manager to make business decisions is changing. Aaron Cassidy talks about the advantages of getting all three professionals together to collaborate and come up with the best solution.

Jentree WK Wonder Trail WK Effect

WK partner with Jentree to form the WK Wonder Trail

Posted September 26, 2018 in Community

WK has a long history and supporting the development of great community-based facilities that make Marlborough a great place to live, with Marlborough Lines Stadium 2000 and the ASB Theatre being examples. The latest community asset that WK is backing…

Peter Forrest WK

Native Garden on Display

Posted September 12, 2018 in Community

WK director Peter Forrest and his wife Andrea will once again put their garden on display at the Rapaura Springs Garden Marlborough event for 2018.

WK Shares Business Advisory Journey at Xero Summit

Posted August 27, 2018 in Xero

As Xero has continued to revolutionise accounting processes throughout the past decade, it has been crucial for WK to establish business advisory services to be able to add value for clients.

IRD Brightline Test

IRD Enforcing Brightline Test

Posted August 3, 2018 in News

IRD have started sending out letters to persons who have sold land within 2 years of purchase, implying that unless the property was used as the taxpayers main home, any profit may be taxable and that the tax return should have been filed by 7 July.

WK Christchurch Embracing Shared Office Spaces

Posted July 23, 2018 in Business

Shared office spaces are becoming increasingly popular throughout New Zealand, offering likeminded businesses the opportunity to collaborate. WK Christchurch has begun working in a collaborative office space, making the most of the networking opportunities it provides.

Young WK Client Turning Business Dreams into Reality

Posted July 16, 2018 in Accounting & Advisory

At just 21, this WK client has reached international status with his business, delivering high quality fashion watches to customers in more than 40 different countries from right here in New Zealand.

Marlborough Agri-Women gain Business Insight with WK

Posted July 11, 2018 in Agriculture

A team of WK senior advisors have given the Marlborough Agri-Women Development Group an insight into the world of accounting and business advisory.

WK Advisors and Accountants Christchurch

WK Expands into Christchurch

Posted June 14, 2018 in Business

WK has set up office in Christchurch, expanding the reach of it’s innovative accounting and business advisory services.

Another CA on WK Team

Posted June 14, 2018 in Staff

WK Advisory has another Chartered Accountant on the team, after another staff member ticked off his chartered accountancy study.

WK Advisor puts Training to the Test

Posted May 16, 2018 in Staff

WK Advisor Louise Blackbourne will compete in the 2018 Christchurch Grand Prix Bodybuilding competition this weekend.

WK Women Working to Empower Women

Posted May 3, 2018 in Community

Two of WK's staff members have been working with the Marlborough Zonta Club to empower women across the globe.

Adam

Senior Advisor Steps into New Voluntary Role

Posted April 26, 2018 in Community

WK senior advisor Sabine Lieflander recently took on a voluntary role as treasurer of the Postnatal Depression Marlborough Charitable Trust. Many of the hours Sabine donates will be sponsored by WK, under our sponsorship programme.

WK Advisors Armed with Knowledge from Mindshop

Posted March 21, 2018 in Uncategorized

The team at WK is always working on expanding their knowledge in order to be more than just accountants to clients.

WK Gala Feast coming to Marlborough in May

Posted March 1, 2018 in Uncategorized

When Liz first asked for our interest in supporting the gala, WK were 100% supportive in getting behind Liz’s vision.

Using the Accounting Income Method to Pay Provisional Tax – Should you do it?

Posted February 20, 2018 in Xero

The Inland Revenue Department are carrying out an extensive campaign to get taxpayers to adopt the Accounting Income Method - AIM. The idea behind AIM is that your provisional tax payments are based on the profit as per your monthly accounts. However, WK advises against using the method to avoid higher accounting costs.

Red Meat Profit Partnership – Another Opportunity to Grow the Farming Business

Posted February 14, 2018 in Accounting & Advisory

At WK, we believe that the sharing of knowledge and experience is essential to business growth and profitability. The Red Meat Profit Partnership offers another opportunity to improve and build on performance.

2017 Wrap Up

Posted December 18, 2017 in Xero

Taking a moment to look back on the year that was at WK, it doesn’t take too long to see that 2017 has been another year of highs and outstanding achievements for the team.

WK Philosophy a Case Study for Aspiring Business Advisors

Posted December 5, 2017 in Accounting & Advisory

WK’s commitment to taking risks with business has been recognised in a recent book by certified public accountant, entrepreneur, and leadership expert, Amy Vetter. The book, Integrative Advisory Services, focuses on getting accountants to take a step back from their businesses to remember why they became an accountant in the first place. It aims to encourage them to be more than just accountants, but business advisors as well.

Staff Admitted to Chartered Accountants Australia & New Zealand

Posted November 24, 2017 in Accounting & Advisory

Five WK staff members recently had their skills recognised by Chartered Accountants Australia & New Zealand (CAANZ) at a Marlborough Presidential Gala Lunch.

WK in Top 30 NZ Accounting Firms

Posted November 3, 2017 in Accounting & Advisory

Blenheim accounting business WK has been named one of the top 30 firms in New Zealand. The acknowledgement recognises a commitment to being business advisors, as well as accountants.

Introducing Xero Projects

Posted October 31, 2017 in Technology

Xero is bringing Xero Projects, a simple way to capture, track and report on the time and money spent on individual jobs, allowing businesses to proactively invoice, make decisions and manage their work and business.

New Xero Expense Claims Feature Released

Posted October 24, 2017 in Xero

Xero has released a new Expense Claims Feature. It allows users to speed up their reimbursement process. The latest Expense Claims feature is straight forward and easy to use.

Xero – Proving to be a Winner

Posted October 17, 2017 in Xero

Choosing the right accounting software for your business. Why Xero is the best option to grow your net profit.

XEROCON 2017

Posted October 11, 2017 in Xero

Xero's 2017 Xerocon in Melbourne perfect networking platform for Blenheim's WK Advisory.

2018 Westpac Bayleys Marlborough Sheep & Beef Farmer of The Year

Posted September 29, 2017 in Uncategorized

WK clients Richard and Victoria Gorman were awarded the top prize for the 2018 competition at an event held at Bayley’s on Thursday evening, in doing so they collected over $30,000 of prizes from sponsors.

WK Wins 100% Cloud Award

Posted September 15, 2017 in Technology

WK Advisory awarded the Xero 100% Cloud Award for Asia Pacific at Xerocon 2017 in Melbourne.

Xero Phishing Scam

Posted August 31, 2017 in Xero

Xero are aware of a hoax email being sent to its users under the pretense that it is from them. These are scam emails, and are not from Xero. They should be deleted.

Directorships

Posted August 21, 2017 in Business

Being a company director in New Zealand is a big responsibility; one which shouldn't be taken lightly. In this post we detail what being a company director involves, as well as who the task is best suited to.

A Taste and Tour of Wither Hills Winery

Posted August 1, 2017 in Marlborough

On a crisp, wintry Marlborough afternoon a few of us got the pleasure to join in a tour of Wither Hills New Zealand Winery.

Farmhouse Expense Deductibility Has Changed

Posted July 18, 2017 in Agriculture

As most farmers and vineyard owners have started their 2018 financial year, now is a good time to talk about the new rules around farmhouse expenses.

Schedular Payments change in New Zealand

Posted July 13, 2017 in Accounting & Advisory

From 1 April 2017, the New Zealand IRD changed the way some contractors pay tax on schedular payments.

Hoax Emails

Posted July 10, 2017 in News

These are often cyber criminals who want you to click on a link in the email or an attachment which will contain malicious software (virus).

The Power of Benchmarking

Posted June 22, 2017 in Accounting & Advisory

Benchmarking can be everything from comparing financial results to full strategy comparisons, and it allows you to assess your performance against those of your competitors. From here you can tweak strategies and operational plans to improve your performance.

Welcome to our New Building

Posted June 14, 2017 in Community

The team at WK are pleased to invite clients and partners to celebrate the opening of our brand new office. Please join us for some food, drinks and a tour of our new building.

WK Recognised for Business Advisory Work

Posted June 1, 2017 in Staff

WK has been recognised for their business advisory work with an award from one of the world’s strongest business advisory firms.

WK Make the Move into New Building

Posted May 25, 2017 in Marlborough

WK Advisors and Accountants will make the move into their new purpose built building next week.

Receiving Payments Faster – Stripe Update

Posted April 28, 2017 in News

Like other payment services you must sign up and activate an account with Stripe which you can do by clicking here.

Remembering the ANZACs

Posted April 24, 2017 in Community

As we mark another ANZAC Day, 102 years since the New Zealand and Australian soldiers landed at Gallipoli Peninsula, it’s often a reminder of our own connections to the Great Wars.

The Importance of Business Web Presence

Posted April 10, 2017 in Technology

Have you searched google for your own business? If not, do it now! Check that what comes up is actually your business address and phone number or you will be losing customers.

Fixing Incorrectly Reconciled Transactions with Xero

Posted April 7, 2017 in Technology

In Xero there are a number of ways to correct transactions that have been reconciled in error. So, what is the best way to correct different types of reconciliation errors?

Strategic Planning Tips for Small Businesses

Posted April 3, 2017 in Business

Many small business owners are so busy working in their businesses that they often don’t take the time to strategically plan for the future.

Phishing scams

Posted March 14, 2017 in Xero

We are aware of a phishing scam where people are receiving an email frominvoice@xero.co.nz. Xero’s real invoice sending address is messaging-service@post.xero.com.

Prepayments, Overpayments and Bad Debts in Xero

Posted March 8, 2017 in Technology

In an ideal world, all payments that come through your business would be in full and on time.

Batch Payments

Posted February 27, 2017 in Technology

If you are on Xero Business Edition, you have the ability to enter monthly purchase invoices into Xero.

Upcoming 7 April 2017 Tax Due Reminders

Posted February 22, 2017 in Accounting & Advisory

Inland Revenue have advised us that they will be sending out reminder letters to clients who have already filed their 2016 tax return and have a tax liability to pay by 7 April 2017.

Xero Keyboard Shortcuts

Posted February 20, 2017 in Xero

Are you aware of the new and improved search functionality in Xero?

xero WK accountants and Advisors

Transfers Between Bank Accounts in Xero

Posted February 17, 2017 in Banking

If your Xero organisation has multiple bank accounts with live feeds, there is a simple way to correctly account for transfers between these accounts.

Reconciling Part Payments and Multiple Invoices with Xero

Posted February 9, 2017 in Technology

Step-by-step instructions for how to reconcile partially paid invoices, bills or expenses claim and multiple invoices paid at once with Xero.

30 years’ service to WK

Posted February 9, 2017 in Marlborough

Pat Bright who is a senior account manager has been at WK for 30 years today.

Xero User Access Options

Posted January 30, 2017 in Business

A particularly useful feature in Xero is the ability to add and remove users and control their level of access, making collaboration with shareholders, staff and advisors easy and cheap.

Customise Your Xero Dashboard

Posted January 26, 2017 in Technology

The dashboard is the first thing you see when you log into your Xero organisation. Its purpose is to provide an easy to understand snapshot of your business right now.

Xero to Xero Invoicing

Posted January 17, 2017 in Xero

The Xero network has grown at a rapid speed since it began in 2006 and now reaches over 862,000 subscribers worldwide.

Xero Bank Rules

Posted January 9, 2017 in Xero

This blog revisits and expands on the key points made in an earlier blog about Bank Rules because we know that Bank Rules are a key feature in helping you streamline bank reconciliations in Xero.

Earthquake Employer Subsidy

Posted December 22, 2016 in Business

We have just been made aware that Kaikoura businesses who have been affected by the 14 November earthquake may be able to have an extension on the wage subsidy.

WK 2016 Wrap

Posted December 19, 2016 in Community

As 2016 comes to an end, we thought we'd reflect on some of the things we've had going on at WK.

Arapawa Seafarms Visit

Posted December 16, 2016 in Agriculture

The Radon’s (Mike and Antonia) own and operate Arapawa Sea Farms Ltd with help from their children Jacob, Sarah and James.

Xero Mobile

Posted December 15, 2016 in Uncategorized

Do you feel tied to your office trying to keep up with all of your business administration?

Invoice Settings with Xero

Posted December 12, 2016 in Xero

Match Your Invoices to Your Brand

Searching for Transactions in Xero

Posted December 1, 2016 in Xero

Bank Account Transactions

Value of Employer Provided Accommodation

Posted December 1, 2016 in Business

The new approach is substantially different to the old approach and needless to say will mean that the amount by which an employee’s income is to be grossed up will most likely be considerably higher than under the old rules.

Post- Earthquake Health & Safety

Posted November 25, 2016 in News

Beef and Lamb New Zealand have provided some valuable advice in regard to Health and Safety, with emphasis for farm owners. We have included there commentary below as well as a link to their website.

Contact Updates with Xero

Posted November 24, 2016 in Xero

Contacts are one of the foundations of your business, so it follows that keeping up to date contact information is very important.

Earthquake response from Inland Revenue

Posted November 17, 2016 in News

Below is an update from Inland Revenue regarding any difficulty you may have in relation to filing your returns or making payments.

Recent earthquakes

Posted November 17, 2016 in Marlborough

The directors and staff at WK are thinking of everyone affected by the recent earthquakes.

Email Settings in Xero

Posted November 10, 2016 in Xero

Although the default emails in your Xero system are efficient they can feel a bit cold and automated to your customers.

Making Invoicing Easier in Xero – Inventory Codes

Posted November 3, 2016 in Xero

If you use inventory items in your invoices, you can select inventory codes (that you have already created in Xero) to save you typing out all the details in each invoice.

Making Invoicing Easier in Xero

Posted October 26, 2016 in Xero

Generating Invoices from Purchase Orders

Making Invoicing Easier in Xero – Part 1

Posted October 19, 2016 in Xero

Many people can be guilty of staring at that mounted pile of invoices on their desk that they’ve left to tackle until the 19th of the month.

Receiving Payments Faster with Online Payments

Posted October 10, 2016 in Marlborough

When running a small business, it can sometimes be a never ending struggle chasing payments from customers.

Are you Filing your own GST returns?

Posted September 30, 2016 in Xero

Xero has recently released a new update which enables Xero users who process and file their own GST returns, to electronically submit their returns from within Xero straight through to Inland Revenue via their IRD myIR login portal.

Improved Customised Reporting

Posted September 30, 2016 in Xero

While data provides the building blocks for financial information, the ability to sort, compare and analyse that data in a way which aligns with your business is key to providing useful financial information.

Makos v Counties-Manukau in Blenheim on Thursday night

Posted September 26, 2016 in Community

For WK it’s all about making a positive commitment to our community and sponsoring the Makos fits well with our aim to foster success for our clients, staff and the community.

Tasman Makos v Counties Manukau

Posted September 26, 2016 in Community

WK are proud to support the Tasman Makos as they continue their ITM Cup campaign by hosting Counties Manukau at Lansdowne Park in Blenheim on Thursday 29 September.

Xerocon South

Posted September 21, 2016 in Xero

Hamish and I had the privilege of taking a team across to the annual Xero accounting conference, XeroCon, in Brisbane two weeks ago.

WK Scoop 2016 Tasman Xero Partner of the Year

Posted September 1, 2016 in Xero

WK Advisors and Accountants has once again been recognised as one of New Zealand’s leading accounting firms, after being named the 2016 top of the south Xero Accounting Partner of the Year.

Change Success Tools

Posted August 22, 2016 in Uncategorized

Change for organisations can often be a challenge. Typically only 30% of change projects succeed so imagine the savings in time, profit, growth and energy if you could boost that figure to 70%.

Other Specialist Services

Posted August 22, 2016 in Accounting & Advisory

Running a business is extremely complex.

Business Succession

Posted August 22, 2016 in Business

Business succession is all about identifying the ways in which you can exit your business, when the time is right.

Forecasting and Budgeting

Posted August 22, 2016 in Business

There is a direct correlation between businesses that have well defined and recorded strategic plans and increased profits.

Management, Reporting and KPIs

Posted August 22, 2016 in Accounting & Advisory

When assisting with management reporting, we help design appropriate management reporting by assessing some fundamental issues.

Buying, Selling and Merging a Business

Posted August 22, 2016 in Accounting & Advisory

Buying a business? We've seen many proposals from clients over the years and know just what to look for when reviewing a prospective business on your behalf.

Virtual CFO

Posted August 22, 2016 in Business

A Chief Financial Officer’s (CFO) responsibility extends beyond accounting.

Profit Improvement

Posted August 22, 2016 in Accounting & Advisory

Profit is the lifeblood of any organisation, does yours need a transfusion?

Growing Your Business

Posted August 22, 2016 in Uncategorized

Achieving growth in a cluttered market is becoming increasingly difficult as the pace of change accelerates and day-to-day distractions delay essential planning activities.

Governance Support

Posted August 22, 2016 in Uncategorized

Running your own business in today’s environment of constant change and complexity of legislation can be lonely!

Strategic Planning

Posted August 22, 2016 in Uncategorized

Today’s environment of constant change, volatility and competitive pressure demands a robust and ever-evolving strategic plan focused on delivering successful outcomes.

Fins Up!

Posted August 17, 2016 in Community

WK is proud to support the Tasman Makos as they kick off their 2016 campaign when they go up against Waikato at Lansdowne Park this Sunday.

ACC Health and Safety Training for Employers with LESS than 10 employees

Posted August 16, 2016 in Community

A Free and Practical Workshop on Health and Safety.

Spinning Marlborough’s Wheels

Posted July 28, 2016 in Community

For us mere mortals, it’s remarkable that someone who works full-time and bikes 450- kms a week can still find the time to volunteer at the local cycling club.

Marlborough Sheep and Beef Farmer Of The Year 2016

Posted July 15, 2016 in Agriculture

The competition aim is to promote profitable sheep and beef farming by identifying innovative farms with sustainable systems in the Marlborough province.

Ground Work Begins at WK’s New Office Site

Posted July 13, 2016 in News

After more than 35 years in our Scott St offices, WK is excited to be moving to a fresh new office building in April next year.

What’s New At The Woody

Posted July 12, 2016 in Community

The Woodbourne Tavern and Motel in Renwick is leading the way in providing a convenient online solution for its customers, by being the first pub in the South Island to launch its very own app.

Residential Land Withholding Tax

Posted July 5, 2016 in News

The definition of an “offshore person” is far wider than what most people may consider to be an offshore person.

Why Choose a Chartered Accountant as Your Business Advisor

Posted July 4, 2016 in Business

Anyone can call themselves an accountant, but Chartered Accountants Australia and New Zealand (CAANZ) provide confidence to the business community in regulating its members to ensure that those carrying the Chartered Accountant (CA) designation bring with it the highest standards of ethical, professional and technical expertise.

Marlborough District Council Environment Plan

Posted June 20, 2016 in Marlborough

Marlborough District Council has notified the new Marlborough Environment Plan.

NZ Employment Law Changes

Posted June 14, 2016 in Business

If you’re an employer, you should be aware of the changes to the New Zealand Employment Law that took effect from April 2016.

Beware of a Corporate Portal Invoicing Scam

Posted May 19, 2016 in Marlborough

We would like to make you aware of one that has sent mail recently to a few companies in Marlborough, so you are not misled into thinking this is a NZ Companies Office requirement.

Payroll can be Complex

Posted April 20, 2016 in News

…”Do I need to get my employee to sign a contract?”

Our Paul

Posted April 11, 2016 in Marlborough

Our Paul – We recently farewelled Paul Bush after 50 years of service to WK.

Xero Payroll

Posted April 8, 2016 in Xero

The wage bill is often a large part of a business’ expenses, with wide financial and legal obligations, so is an extremely important area to monitor and get right.

WK on the move!

Posted March 30, 2016 in Marlborough

WK Advisors and Accountants are on the move.

New Zealand Economic Update

Posted March 24, 2016 in News

While the NZ economy has started 2016 with moderate momentum, there are some clouds on the horizon and businesses will need to carefully manage the risks to successfully trade through a potential flattening or dip in growth, according to a recent report.

Accounting in the Cloud – Off to the Show

Posted March 18, 2016 in Accounting & Advisory

With many of our clients coming from the area it is a good opportunity for WK to show our support for the community and showcase the tools we have in our arsenal that will be off great assistance to farmers and business owners.

Supporting our Community

Posted February 17, 2016 in Community

Whether it be by sponsoring our College’s senior year prize giving, contributing to local school fundraising ventures or getting behind the Makos to name just a few.

Research and Development Information

Posted January 25, 2016 in Uncategorized

There are various Government websites that you can research and one of these is Callaghan Innovation.

WK embraces the Changing Face of Accountancy

Posted December 18, 2015 in Accounting & Advisory

There are a number of major benefits for small businesses:

Becoming A Chartered Accountant

Posted December 18, 2015 in Accounting & Advisory

If you are considering undertaking business studies or are motivated to build on your existing qualifications and skill, (not to mention that you would like that something extra on your CV to open more doors!), the Chartered Accountants (CA) program may be for you.

The Year That Was – 2015

Posted December 17, 2015 in Marlborough

A wrap up of the year that was at WK.

Improve Cashflow in January

Posted December 14, 2015 in Business

With Christmas and the summer holidays fast approaching, it’s easy for businesses to lose track of cash flow.

Health and Safety Changes Kick in on 1 April 2016

Posted December 9, 2015 in Business

Every business should have a Health and Safety Plan.

Mixed Use Assets – Boats and Aircraft

Posted December 1, 2015 in Uncategorized

The boat or aircraft is a mixed use asset if...

Recent Key Xero Updates

Posted November 19, 2015 in Xero

Combine the automated email reminders with Payment Services, good terms of trade and efficient invoicing practices and you will have a complete debt collection process. And it’s so easy to set up!

Automatic Invoice Reminders in Xero

Posted November 18, 2015 in Technology

Setting up Invoice Reminders with Xero

2015 Wine Race

Posted November 12, 2015 in Marlborough

A record 39 boats, each carrying a bottle of new vintage Marlborough Sauvignon Blanc took part in the race across the Cook Strait to Wellington, from just outside Tory Channel last week.

Advice On Inland Revenue Chasing Unpaid Provisional Tax

Posted November 6, 2015 in News

Inland Revenue are now randomly contacting clients who may have missed paying their first instalment of 2016 provisional tax due on 28 August 2015.

Recent changes around the firm

Posted October 8, 2015 in News

You will see the key changes are in the use of WK as opposed to Winstanley Kerridge, and in our email addresses and website.

Xero releases new Billable Expenses feature

Posted September 24, 2015 in Xero

Billable expenses are costs you’re charged as part of a job, or purchases you make, that you want to recover from your customer.

New look, same great service + more

Posted September 17, 2015 in News

For over 40 years Winstanley Kerridge has worked hard to provide you, our valued clients, with the very best service possible.

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