Brett CrombieApr 11 minWhat's your plan for 2022?Check out Straightedge Accounting's latest business tips article published in the NZ Plumber Magazine.
Brett CrombieJan 183 minPerks of the job?There are a lot of positives to owning and operating a trade business. To name just a few, business owners enjoy flexibility, autonomy, a...
Brett CrombieNov 24, 20212 minHow should I account for my trade vehicle fitout cost?Let’s say you’ve just bought a new trade vehicle. It’s an empty shell for now, but you’re keen to fit it out with tool racks and sliding...
Brett CrombieNov 23, 20212 minGreat, your trade business is growing, now what? Focus on these 3 thingsCustomer relationships Initially you’re selling your service one client at a time. Let’s say you’re a builder. You’re working on the...
Brett CrombieNov 2, 20212 minHow should tradies react to interest rate rises?Things sure are changing fast in NZ. Just a few months ago we had record low interest rates and the Reserve Bank Governor was telling us...
Brett CrombieOct 26, 20212 minShould I register a company or be a sole trader? A common question when Kiwi tradies are setting up on their own is, ‘Should I register a company or be a sole-trader?’ Here are 3 things...
Brett CrombieOct 14, 20213 minHow do I save tax on my trade vehicle?A trade vehicle is often one of the main business assets tradies buy, so it pays to think on how to maximise the tax savings....
Brett CrombieOct 10, 20212 minHow do I save tax on my trade tools?Trade tools are costly and there are tax savings to be made if you know a bit about the rules. Here are three tips that could boost your...
Brett CrombieSep 30, 20213 minNew sick leave provisions: Should tradies review their charge out rate?Trade businesses could be forgiven for feeling under fire from legislative changes lately. The additional public holiday to recognise...
Brett CrombieJul 30, 20212 minCan tradies claim meal costs for tax?So you & the team are flat out on the job and eating a ton. Food costs heaps these days & you might be thinking, ‘Can I claim all these...
Brett CrombieJun 7, 20211 minThe service mindsetHave you ever had an evening alone and cooked up lazy packet noodles for dinner? Would you ever think of doing this if you were preparing...
Brett CrombieMay 31, 20211 minTax news - Home office allowancesNews of interest to any business owners with a home office. Tax deductions are allowed for businesses with a home office, and the IRD has...
Brett CrombieMay 30, 20211 minThe fire of businessLike on most mornings through the Dunedin winter today's first job was to light the fire. The wood was a little damp and it took a while...
Brett CrombieMay 5, 20212 minA lesson in brevity from Sir Winston ChurchillA recent book I read covered the appalling period in late 1940 when Hitler’s forces heavily bombed England in preparation for a land...
Brett CrombieApr 9, 20212 minTax deductions for meal expenses How to maximise tax savings while keeping employees well fed. For both self-employed plumbers and companies with employees the question...
Brett CrombieFeb 18, 20212 minIs your business maximising the Small Business Cashflow (Loan) Scheme?Recent changes have made this scheme even more useful than before. Early last year the government announced the Small Business Cashflow...