Virtual Accounting

26/04/2026

We’ve officially passed 3 years in business 🙌

It’s been a big year, growth, great clients, and officially bringing Jane into the team.

As we head into our next phase, we’re being intentional and taking on a limited number of new clients over the next 12 months.

Our focus:
• Business planning
• Monthly reporting
• Tax planning
• Annual accounts & tax compliance

If you’re a business owner wanting clarity and a plan, now’s the time to get the right support around you.

30/03/2026

Financial year end (31 March) is almost here.

At Virtual Accounting we’re getting clients prepared early because the faster your accounts are ready, the smoother things run.

A few quick things to get on top of now:

• Confirm bank & loan balances at 31 March
• Gather receipts for any asset purchases/sales
• Review unpaid invoices - anything to write off?
• Complete stocktake (if applicable)
• Check for income received in advance
• Share any additional income (rental, crypto, dividends, overseas)
• Provisional tax is due 7 May
• Capture home office costs
• Ensure all bank/credit cards are in your accounting system

It’s not the most exciting job but getting this right now avoids delays, reduces stress and keeps things moving.

Plan ahead, don’t leave it to the last minute.

26/03/2026

Quick tax math 👇

If your business earns $1 in profit, the tax on that is 28 cents.

So if you spend $1 just to “save tax”… you’ve spent $1 to save 28c.

You’re still 72c worse off.

That’s not a win.

Smart businesses focus on planning, keeping more cash and not spending it just to reduce tax.

19/03/2026

What is Virtual Accounting?

We’re Chartered Accountants based in the beautiful New Plymouth with over 19 years’ experience and we work as your business partner, not just your accountant.

Alongside annual accounts and tax returns, we help business owners with:
• Building a clear profit strategy
• Setting intentional pricing
• Providing proper monthly reporting
• Keeping you on track with regular check-ins
• Planning ahead for tax

You don’t need to know everything, you just need the right people in your corner.

We’re responsive, easy to work with and here when you need us, whether that’s a virtual meeting or in person.

If you want a partner who helps you make confident decisions and move your business forward, that’s us.

03/03/2026

Thinking of Changing Accountants?

We know that changing accountants might seem like a headache, but with Virtual Accounting it's a piece of cake!

Here’s how it works:

1️⃣Book a Discovery Chat:
Let’s have a chat to see if we’re the right fit for you. If we are, we’ll send you an Authority to Act and Engagement Letter to digitally sign. All we need is your name, Company name, IRD numbers and contact details.

2️⃣We Handle the Awkward Stuff:
We’ll contact your current accountant, let them know about the change and transfer your Xero account.

3️⃣Setup:
Once the documents are signed, we’ll set you up in our system and link to the IRD.

That’s it! No fuss, no stress, just a smooth transition.

Ready to make the switch? Head to www.virtualaccounting.co.nz and book a chat today.

28/02/2026

Countdown to 31st March – Year-End Reminders

As we countdown to 31st March, here are some key reminders to wrap up your financial year smoothly:

✅ Get your financial records ready – Make sure your bookkeeping is complete and reconciled.
✅ Stocktake & Fixed Assets – Complete your annual stocktake if you hold stock. Review your fixed assets list, remove items no longer in use.
✅ Debtors – Follow up unpaid invoices and chase debtors. Write off bad debts by 31st March to ensure they don’t impact your tax position.
✅ Staff & Payroll - Check payroll records, wages, and contractor payments. Remember, from 1st April the minimum wage rises from $23.50 to $23.95/hr, and the minimum Employer Contribution increases from 3% to 3.5%.

💡 Tip: Getting your accounts sorted early gives you a clear picture for tax planning and sets you up to plan your year ahead.

If you need any help or have questions, don’t hesitate to get in touch.

26/02/2026

✅A friendly reminder that GST returns and payments for the taxable period ending 31 January are due on Friday 28 February 2026.

20/02/2026

3 Things You Can Do Today to Get Ready for the Next Financial Year! 💡

💰 Review Your Pricing – Make sure your pricing reflects inflation, wage increases, and any rising business costs. Small adjustments early can make a big difference to profit.
🧾 Review contractor payments & wages - With wage rates increasing, now is a good time to review pay rates, contractor agreements and staff hours to ensure everything is aligned with your budget.
💸 Improve Cash Flow Management – Use a cash flow forecast or budget to stay on top of your finances and make informed decisions.

We hope you've had a fantastic start to the year! If you'd like to book a business planning session or discuss how these steps can help your business, email us at [email protected] or send us a message on our website www.virtualaccounting.co.nz

12/02/2026

🚨 Upcoming Minimum Wage Increase 🚨

From 1 April 2026, the minimum wage in New Zealand will rise:

⚡Adult minimum wage: $23.50 → $23.95/hour
⚡Starting-out & training minimum wage: $18.80 → $19.16/hour

If you're an employer, here's how to stay ahead:
1️⃣ Notify employees earning minimum wage of the increase.
2️⃣ Review payroll systems and processes.
3️⃣ Consider how this new wage compares to other workers (e.g., those slightly above the minimum wage).

Need help reviewing your payroll process or updating your budget? Feel free to reach out.

09/02/2026

02/02/2026

Looking for a good accountant with reasonable fees, efficient service and someone who genuinely cares about your business?

We work with business owners who want practical advice, clear communication and support to help their business run smoothly.

If that sounds like you, get in touch to book a free discovery chat:
www.virtualaccounting.co.nz

30/01/2026

📣 Important KiwiSaver update from 1 April 2026

From 1 April, the default contribution rate is rising to 3.5% (currently 3%) for both employees and employers.

You can apply for a temporary rate reduction in MyIR from 1 February 2026 if you want to carry on contributing at 3% from 1 April 2026. This could be because you can’t afford the rate increase or want to save in other ways.

Employer contributions for eligible 16 and 17 year old workers is also starting from 1 April (changing from the current minimum age of 18).

For more information: https://www.ird.govt.nz/updates/news-folder/2025/kiwisaver-changes