The Accounting Hub Limited

The Accounting Hub Limited Accountants in Auckland working with professionals all over NZ, offering business & tax advice Local is great but distance is no barrier.

The Accounting Hub is one of a new breed of Chartered Accounting firms. We use leading edge systems and traditional quality advice to keep your business growing. The hub

Whilst our office is in Eden Terrace, Auckland, we work with businesses in Ponsonby and Grey Lynn and even Whangamata, Christchurch and Queenstown. If you are local we can meet us face-to -face, we meet our clients all over New Z

ealand via Google Hangouts or Skype. In the cloud

Xero is a clever cloud-based software for small and medium-sized businesses. Our clients use Xero (almost) exclusively now, but don’t worry if your system is not as up-to-date, we will bring you up to speed quick smart. We get the basics right, big and small

We work with clients who just need the basics such as GST returns and Income Tax returns, through to businesses with several million dollars in turnover who need more frequent assistance. From rental properties to retail outlets, small creative firms to big business, we’ve got it covered. Everyday language

The thing that all of our clients have in common (wherever they are located) is a desire to work with a friendly bunch of accountants who can explain complex accounting, tax and reporting rulesin everyday language. We help you get your head around NZ and International Tax laws, FBT and IRD jargon. Leave it to us, we live in the tax world so you don’t have to.

We’re well into the new financial year, so now is a good time to ask, do you have a clear budget for the year ahead, or ...
27/05/2026

We’re well into the new financial year, so now is a good time to ask, do you have a clear budget for the year ahead, or are you mostly hoping the numbers work themselves out?

Budgeting is one of those business basics that is easy to put off, especially when things are busy. But without a clear plan, it becomes much harder to make confident decisions around staffing, pricing, spending or growth. A budget gives you something to measure against throughout the year, rather than simply hoping the numbers improve.

In our latest blog, we look at a practical way to build a budget using last year’s figures as a starting point, along with how to track your progress using budget variance reporting in Xero.

Even a simple budget can give you much better visibility over where your business is heading.

Read more: https://theaccountinghub.co.nz/the-importance-of-a-budget-to-your-business/

Working from home or using part of your house for business? You may be able to claim home office expenses and the proces...
19/05/2026

Working from home or using part of your house for business? You may be able to claim home office expenses and the process might be simpler than you think.

The Inland Revenue square metre rate method can reduce the need to manually calculate and apportion every household bill, making it much easier to work out your claim each year.

In our latest blog, we explain how the square metre rate works, what costs are covered, and what information you’ll need to provide. Read more here: https://theaccountinghub.co.nz/square-metre-rate-for-calculating-your-home-office-expenses/

15/05/2026

Busy professional with crypto investments on the side? Make sure you are compliant.

If you think you may have accidentally left something out of a prior year tax return, it’s important to deal with it sooner rather than later. IRD does not apply a time bar to omitted income but penalties can be significant. Making a voluntary disclosure early can help reduce penalties, we can help guide you through the process.

𝗪𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂𝗿 𝗯𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗲𝗿 𝗴𝗼𝗲𝘀 𝗼𝗻 𝗵𝗼𝗹𝗶𝗱𝗮𝘆?Every business seems to have that one person who holds the financial k...
07/05/2026

𝗪𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂𝗿 𝗯𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗲𝗿 𝗴𝗼𝗲𝘀 𝗼𝗻 𝗵𝗼𝗹𝗶𝗱𝗮𝘆?

Every business seems to have that one person who holds the financial keys. They know the systems, the logins, the way everything fits together behind the scenes. It works well, until they take a holiday.

The risk is not the holiday itself, it is relying on one person to hold all that knowledge. When processes, reporting, and day to day financial management sit with a single person, there is no real backup.

That is why more businesses are shifting to a team-based approach. Instead of one key holder, you have a small, trusted group who understand how everything works. Knowledge is shared, continuity is built in, and the business keeps running smoothly, whether someone is at their desk or on the beach.

Curious how this works in practice? Take a look here:
https://theaccountinghub.co.nz/what-happens-when-your-bookkeeper-goes-on-holiday/

Most people still picture bookkeeping as someone quietly entering numbers into a ledger.In reality, it’s a lot closer to...
30/04/2026

Most people still picture bookkeeping as someone quietly entering numbers into a ledger.

In reality, it’s a lot closer to beekeeping.

A good beekeeper doesn’t just show up at the end of the season and collect honey. They’re constantly checking the hive, watching patterns, and making small adjustments to keep everything healthy.

That’s exactly how modern bookkeeping works.

When your finances are managed properly behind the scenes, transactions are accurate, accounts are reconciled, and reporting is up to date, everything just flows. No last-minute surprises, no messy year-end.

And just like a hive, it’s not one person doing the work. It’s a team.

For many businesses, that now looks like an external finance team rather than hiring in-house, giving you the support you need without the overhead.

The goal is simple: you focus on running and growing the business, while your finance team keeps the hive humming 🐝

Read more: https://theaccountinghub.co.nz/why-modern-bookkeeping-is-a-bit-like-beekeeping/

𝗔𝗖𝗖 𝗹𝗲𝘃𝘆 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗳𝗿𝗼𝗺 𝟭 𝗔𝗽𝗿𝗶𝗹A number of ACC levy changes are now in effect, including:✅The No Claims Discount has been ...
23/04/2026

𝗔𝗖𝗖 𝗹𝗲𝘃𝘆 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗳𝗿𝗼𝗺 𝟭 𝗔𝗽𝗿𝗶𝗹

A number of ACC levy changes are now in effect, including:

✅The No Claims Discount has been removed, so levy invoices will no longer include the ±10% adjustment based on claims history
✅Experience Rating has become self-funding, with businesses in the programme paying an additional levy rate (currently 7.2%) on top of their Work Account levy
✅Interest applies to all new or rolled-over instalment plans, including short-term plans that were previously interest free
✅Late payment interest is calculated daily and compounded monthly, with updated rates linked to broader economic interest rates

If you’re unsure how these changes will impact your business, get in touch with us and we can talk through what this means for you and whether any adjustments are needed.

𝗦𝘁𝗮𝗿𝘁 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘆𝗲𝗮𝗿 𝗿𝗶𝗴𝗵𝘁: 𝘄𝗵𝘆 𝗴𝗼𝗼𝗱 𝗺𝗼𝗻𝘁𝗵𝗹𝘆 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀 𝗺𝗮𝗸𝗲 𝘆𝗲𝗮𝗿-𝗲𝗻𝗱 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗲𝗮𝘀𝗶𝗲𝗿Now is a good time to reset ...
15/04/2026

𝗦𝘁𝗮𝗿𝘁 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘆𝗲𝗮𝗿 𝗿𝗶𝗴𝗵𝘁: 𝘄𝗵𝘆 𝗴𝗼𝗼𝗱 𝗺𝗼𝗻𝘁𝗵𝗹𝘆 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀 𝗺𝗮𝗸𝗲 𝘆𝗲𝗮𝗿-𝗲𝗻𝗱 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗲𝗮𝘀𝗶𝗲𝗿

Now is a good time to reset how your finances are managed. In practice, how smooth your year-end feels often comes down to what’s been happening behind the scenes each month.

When your Xero file is kept up to date, bank accounts are reconciled regularly, and GST is filed based on accurate information, year-end becomes a straightforward review and tidy-up. When it’s not, it can quickly turn into time spent fixing errors, revisiting earlier periods, and chasing missing information.

Find out how a finance team approach can help ensure this consistency. With the right structure in place, you’ll not only make year-end easier, but also have better visibility and confidence in your numbers throughout the year.

https://theaccountinghub.co.nz/why-good-monthly-processes-make-year-end-accounts-easier/

We’re pleased to welcome two more accountants to The Accounting Hub team.Chamindri Gunawardane supports clients with day...
17/03/2026

We’re pleased to welcome two more accountants to The Accounting Hub team.

Chamindri Gunawardane supports clients with day-to-day accounting and finance processes including bookkeeping, GST, payroll support and reconciliations. She brings experience from both corporate and not-for-profit organisations, having previously worked in finance and administration roles with the British Council and Oxfam Australia.

We also welcome Criza Lopez, who supports the team across a broad range of clients with transaction processing, reconciliations, GST and payroll support, helping ensure clients’ financial information remains accurate and up to date. She also assists with the preparation of financial statements and income tax returns.

Both Chamindri and Criza are based in Auckland and work with clients across New Zealand. It’s great to have them as part of the team.

𝗞𝗶𝘄𝗶𝗦𝗮𝘃𝗲𝗿 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗳𝗿𝗼𝗺 𝟭 𝗔𝗽𝗿𝗶𝗹From 1 April 2026, the default KiwiSaver contribution rate will increase from 3% to 3.5% f...
10/03/2026

𝗞𝗶𝘄𝗶𝗦𝗮𝘃𝗲𝗿 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗳𝗿𝗼𝗺 𝟭 𝗔𝗽𝗿𝗶𝗹

From 1 April 2026, the default KiwiSaver contribution rate will increase from 3% to 3.5% for both employees and employers.

✅ The new rate applies to all pay days from 1 April, even if the pay period started before that date.
✅ Employees can apply for a temporary rate reduction to remain at 3% for a period of 3 to 12 months, and employers can choose whether to match that lower rate.
✅ KiwiSaver contributions will also apply to eligible employees aged 16–17 who opt in.

If you run payroll through systems like Xero, the new rates will need to be applied to the first pay run from 1 April. If you’re unsure how these changes will affect your payroll or employment costs, please get in touch.

𝗔𝗿𝗲 𝘆𝗼𝘂𝗿 𝘁𝗿𝘂𝘀𝘁 𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀 𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝘂𝗽 𝘄𝗶𝘁𝗵 𝗜𝗥𝗗 𝗲𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀?Since the trust disclosure rules kicked in, trusts have been...
11/02/2026

𝗔𝗿𝗲 𝘆𝗼𝘂𝗿 𝘁𝗿𝘂𝘀𝘁 𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀 𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝘂𝗽 𝘄𝗶𝘁𝗵 𝗜𝗥𝗗 𝗲𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀?

Since the trust disclosure rules kicked in, trusts have been firmly back on Inland Revenue’s radar. What started as an annual compliance task has turned into a powerful data set, giving IRD clear visibility over who’s involved, who’s benefiting and how trusts connect to companies and individuals.

For trustees, especially those running DIY or low-touch trusts, this matters. IRD can now spot patterns, inconsistencies and red flags far more easily than before. “We’ve always done it this way” is no longer a safe position.

In our latest article, we break down:

✅what trustees now need to disclose each year
✅the common mistakes IRD is seeing
✅where trusts tend to attract extra scrutiny
✅practical steps trustees can take to reduce risk.

If you’re a trustee, or involved with a family trust, this is well worth a read: https://theaccountinghub.co.nz/are-your-trust-disclosures-keeping-up-with-ird-expectations/

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