Happy New Year! We’re thrilled to start 2025 with some exciting news – we’re launching our exclusive Fiji Business Retreat! It’s the perfect opportunity to grow your business in a beautiful tropical setting. Read on to learn more about this opportunity.
In this month’s newsletter, we’ve included a range of valuable information. You'll find details about the upcoming minimum wage increase, which is set to take effect on 1 April 2025. Additionally, we've featured a new segment from our guide, 13 Tactics for Winners, designed to help you achieve greater success. We’ve also highlighted insights from our latest blog on claiming vehicle expenses.
Take a moment to explore these updates and ensure your business is well-prepared for the months ahead. As always, we’re here to support you with any questions or advice you may need.
2025 Fiji Business Retreat with dc&a
Take a strategic pause from the daily business grind - and have it paid by your business as a tax deductible expense.
This winter, escape to beautiful Fiji for 4-5 days of business transformation. Fine-tune your business strategy in morning sessions, then sip cocktails by the resort pool in the afternoon. Our expert team will share proven strategies for business growth, profitability, and efficiency through group workshops and one-on-one consultations.
We're also keen to hear what specific challenges you'd like to tackle - your input will help us tailor the program to address the real issues facing your business today.
Limited spots available to ensure personalised attention for every business owner.
Interested in joining us? Complete our quick expression of interest form here:
Summary of Recent Updates
New Zealand Minimum Wage Increase Set for 2025
From 1 April 2025, the adult minimum wage will rise to $23.50 per hour, an increase of 35 cents from the current rate of $23.15. This change, announced by the Workplace Relations and Safety Minister, is aimed at supporting workers across New Zealand.
The training and starting-out minimum wages will also increase to $18.80 per hour, which remains at 80% of the adult minimum wage. This is up from the current rate of $18.52 per hour.
For a full-time employee working 40 hours a week, the increase means an extra $14 per week before tax.
To learn more about minimum wage reviews, visit the MBIE website:
13 Tactics for Winners: A Tip to Succeed
We’ve created a guide called “13 Tactics for Winners” to help you succeed in business and life. It’s packed with practical advice on setting goals, staying motivated, and overcoming challenges.
This month, we’re highlighting one tactic from the guide to get you started:
This Month’s Tactic: Know Where You’re Going
Success begins with a clear goal. As the saying goes, “If you don’t know where you’re going, you’ll end up somewhere else!” Having a vision for your business gives you and your team a shared purpose and ensures your decisions align with what truly matters.
Ask yourself:
What’s your main aim?
Are your daily actions helping you get there?
We’ll share another tactic next month to keep you inspired. If you’d like to explore all 13 tactics now, you can download the full guide below.
Claiming Vehicle Expenses in New Zealand
If you’re a sole trader or run a business, knowing how to claim vehicle expenses can help reduce your tax bill. Our latest blog explains the options available, whether you’re using the kilometre rate method, actual costs, or dealing with Fringe Benefit Tax (FBT) for company-owned vehicles.
We’ve also included practical tips on keeping accurate records, like maintaining a logbook and tracking receipts, to make the process easier and ensure you get the most out of your claims.
Want to learn more?
2024 Annual Accounts
If you haven’t already sent us your information to complete your 31st March 2024 accounts and tax returns, please note that filing due date is fast approaching. We kindly ask you to complete your annual checklist as soon as possible. If you’re unsure about what information is needed, feel free to reach out - we’re here to help!
Follow Us on Facebook
Stay informed with the latest tax updates by liking and following us on Facebook. We regularly share Tax FAQs to help you understand tax and accounting information, and we provide reminders for important due dates.
Join our community today!
Important Upcoming Dates:
6th February
Waitangi Day Public Holiday
28th February
GST return and payment is due for the taxable period ending 31 January
Read Our Latest Blog:
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