Hello to all our clients,
Welcome to our August newsletter.
Winter has certainly made itself known this month, with some chilly mornings and cold weather across much of New Zealand. While many of us are looking forward to the arrival of spring, August is also a busy time for businesses as the financial year progresses and tax deadlines approach.
A quick message from our team
Thank you to everyone who has already sent through their records and information.
If you haven’t yet, we’d really appreciate receiving your information as soon as you are able.
Receiving your records early helps us plan our workflow, complete your accounts efficiently, and return your completed financial statements and tax work to you in a timely manner.
It also gives us more opportunity to discuss any questions or planning opportunities before key deadlines.
As always, thank you for your continued support, if you have any questions or need assistance, please don’t hesitate to get in touch.
Information from the KTS office
Tax payments due 28 August 2026
There are two taxes due on the 28th August 2026
First Provisional Tax instalment for the 2027 tax year
GST return and payment for the period ended 31 July 2026
If you haven’t already done so, it’s a good idea to schedule these payments in advance. Planning ahead can help you avoid late payment penalties and interest, and ensure your tax obligations are met on time.
If you have any questions about your tax payments or need assistance, please get in touch with our team.
Other updates of interest to clients
Budget Changes – what you need to know
Budget 2026 introduced a wide range of tax changes, with several measures affecting charities, not-for-profit organisations and families over the coming years.
Whether you run a charity, serve on a committee, or your business works with these organisations, it’s important to understand what’s changing and how these updates may affect you.
The business that runs without you
Could your business continue operating for two weeks without you?
For many business owners, the honest answer is no and that’s perfectly understandable.
Most small businesses are built around the owner’s knowledge, relationships and day-to-day decision-making.
The challenge of operating by yourself is that this can creates risk. Illness, family emergencies, much needed holidays or even unexpected opportunities can quickly highlight how dependent the business is on one person.
The most resilient businesses and often the most valuable are those where systems replace memory.
Your best customer is worth protecting
Most businesses spend a great deal of time and money trying to attract new customers.
Yet some of the easiest and most profitable sales come from the people who already know, trust and value your business.
Research consistently shows that retaining an existing customer costs far less than acquiring a new one.
Loyal customers are also more likely to buy again, spend more over time and recommend your business to friends, family and colleagues.
When you click on the wrong link
It happens in a flash.
You look up a trusted brand online, say, searching for “Air New Zealand” to book a flight.
You click the top result, go through the booking process, and realise only later that you didn’t buy from the airline at all. Instead, you booked through a third-party reseller.
Sick Leave
At this time of year, we often see an increase in sickness and seasonal illness.
If your employees are sick, encourage them to stay home.
It will give them a chance to recover, and it will prevent other people from getting sick.
Knowing what to do when one of your staff gets sick, what they’re entitled to, and how to manage sick leave is important for any business.
