Business Owners: How to Pay Yourself

As a business owner, it’s important to make enough profit to cover your personal expenses. But how do you determine your regular “income” when your accounts are only prepared annually?

Business Basics – GST

To register or not to register? That’s a very good question faced by business owners when starting up, and also when expanding operations. Read further for answers to your questions.

Business Basics – Income Tax Return

We’re going to break down the front page of the tax return – what are the components and how do they relate to the information you’ve given us?

Big News!

Parliament has been hard at work, and the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill has been pushed through and now awaits Royal assent. Here are the highlights and how it may impact your personal situation.

What does Traktion actually do?

Traktion is here to help you discover your business potential. At Traktion, we provide the forward momentum you need to get a grip on your business – and even your life.

Minimum wage increase

Effective April 1, 2024, the minimum wage will increase to $23.14. As an employer, you must comply with this increase and pay their employees at least the new minimum rate.

How is your business profit taxed?

For 2024, Inland Revenue is specifically looking to make sure business profits from personal services aren’t being diverted to other structures to avoid tax.

Managing holiday cash flow

This time of year can be hard on small businesses. With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday.
Talk to us. We can help.

Are you ready to unlock cashflow freedom?

Ever wonder where the cash goes in your business? Join our masterclass Unlocking Cashflow Freedom, to find out and learn how to better manage it, to achieve cashflow freedom.

Paying yourself as a business owner

Determining how much you pay yourself as a business owner hinges on factors such as your business’s financial capacity, market pay rates, and whether reinvestment could pay dividends.

Plain English guide to cashflow

Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position.