Podium Accounting Limited

Podium Accounting Limited Chartered Accounting Services at fair prices

02/04/2026

I am available for meetings / questions this weekend!

With the weather forecast looking average and the fuel prices through the roof I am not heading away for Easter weekend.

This means I am available for catch ups to go through any accounting queries you may have.
Xero questions, tax questions or even how to change accountants.

As always I offer 1 hour free consultations.

What accounting platform to use?XeroThis has become the go to, but it doesn’t mean it is the best or only option out the...
30/11/2025

What accounting platform to use?

Xero
This has become the go to, but it doesn’t mean it is the best or only option out there.
It is easy to learn with a lot of online training videos.
It can be difficult trying to get support from Xero if you do have any issues.
It can also be a little pricey.
Current offer – 75% off for the first 6 months for new customers.

MYOB
They have spent a lot of money on development to play catch up to Xero and now have a product that is similar and, in most cases, it works out a lot cheaper.
For example, if you are invoicing more than 20 invoices per month and only use one or two bank / credit card accounts then MYOB would be less than half the price of Xero.
Current offer – 50% off until June 2026 for new customers.

HNRY
I would only advise this option to those who don’t require any accounting support and want their taxes deducted as their money is earned.
Cannot be used for companies.

Excel
Old school, cheap and easy to use but easy for mistakes to be made.
Won’t track those unpaid debtors though, which in my opinion is one of the best reasons to use Xero or MYOB.

It is best to discuss these options in more detail before making any decisions.

As always, I offer one-hour free consultations, please get in touch to discuss further.

Seems like a fair solution and being able to reply with “didn’t you get my message?”At least IRD sometimes have good hol...
13/11/2025

Seems like a fair solution and being able to reply with “didn’t you get my message?”

At least IRD sometimes have good hold music 🤣

📰 IRD Customer Resorts to Message in a Bottle After Hours on Hold

“At this point, Poseidon’s got a better chance of replying than Inland Revenue,” says Greymouth woman.

GREYMOUTH — After spending more than three hours on hold with Inland Revenue, local resident Anne Gilgrinda decided to bypass technology altogether — opting instead to contact the tax department the old-fashioned way: by sea.

“I just wanted to tell them I changed banks,” Gilgrinda said, standing on the edge of the Grey River with an empty Woodstock bottle and a biro. “After hearing that same flute loop for the 58th time, I thought, nah, the tide’ll do a better job.”

Witnesses report seeing Gilgrinda hurl the bottle into the current near the old wharf around 2 p.m., muttering something about “letting the dolphins sort it.” The bottle, containing a handwritten note reading ‘Dear IRD, please respond before I retire or die,’ was last spotted drifting toward the Tasman.

An IRD spokesperson, Maree McCousin, said the department was “open to alternative communication methods,” including “messages in bottles, smoke signals, or deep sighs carried on the wind.”

“We value taxpayer engagement,” McCousin said. “Whether it’s through MyIR, our helpline, or marine correspondence, we aim to respond within 10 to 15 business years.”

Locals applauded Gilgrinda’s initiative.

“Bloody genius,” said Greymouth café owner Layna Caybull. “I emailed them once in 2019 — still waiting. Might try a pigeon next.”

The IRD has since confirmed it’s reviewing Gilgrinda’s approach as part of a new pilot scheme called the Offshore Correspondence Initiative, which encourages sustainable, ocean-based communication.
When asked if she’d heard back yet, Gilgrinda shrugged.

“Not yet,” she said. “But the bottle washed up again this morning. It had a note inside — said, ‘Your call is important to us.’”

02/11/2025

Should I be a Sole Trader or set up a Company?

Another question I get asked often by people starting out or even those who have been sole traders for a few years.

Sole Trader

Advantages
Simpler to set up, you essentially do not need to do anything, just start trading under your own IRD number and the income gets declared in your personal income tax return each year.

Disadvantages
The main one can be tax - if you are earning over $180k then you are best to have this income in a company.
There can also be some legal protection and asset security here (own home separation from business activities).

Company

Advantages
Tax – as mentioned above, but only at certain thresholds does this become an advantage.
Some asset protection.

Disadvantages
A little more complex to set up and to maintain, but this can be done for around $200 - $250.
There are also stricter rules around how you can take money out of companies.

Quick summary, don’t go jumping into thinking you need to set up a company to start trading, but it is always worth having the chat with your accountant first.

I am still offering one hour free consultations if you have any queries.

30/09/2025

Common question from Business Owners, should I pay myself as drawings or wages?

What is the difference?

They can both be regular payments from your business account to your personal account but they have completely different tax complications.

Drawings
This option is great if you are good at putting money aside for taxes (get in touch if you want to discuss how much you should be putting aside).
There is less admin here, as you do not need to file any additional PAYE returns to the IRD

Wages
This option is great for smoothing out tax payments, as you end up paying your income taxes as PAYE monthly, meaning there is less end of year tax surprises.
This does need to be monitored though as you do not want to pay yourself too much in wages.
This also comes with more admin, as there are regular PAYE returns required to be filed with the IRD.

Please get in touch if you would like to discuss what would work best for your situation.

07/09/2025

First monthly informative post.

IRD Investment Boost
From 22 May 2025 any new or new to NZ assets are entitled to an additional 20% tax claim

This is for anyone in business, including landlords.

What this actually means?
A builder buys a new work ute for $63,813.50 incl GST on 22 May 2025.
They get to claim the GST in the next GST return $8,323.50
They get to claim the 20% investment boost $11,098
They get to claim 30% p.a. depreciation on the net price ($63,813.50 less GST, less the investment boost claim) $12,207.80

That is $8,323.50 back in GST and $23,305.80 in income tax deductions.

There are some limitations, but if you want to know more, feel free to get in touch.

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Dunedin

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