BookWorx Hawke's Bay

Ever wonder what the difference is between a bookkeeper and an accountant? You're not alone — it's a question I get asked all the time!

While both roles are vital to a business, they do very different things:

Bookkeepers are hands-on with your business daily — think payroll, invoicing, GST, reconciling, reporting and keeping your financial data organised and accurate.

Accountants step in to check the data, make year-end adjustments, and handle things like income tax, financial reporting, and advice on business structure and tax strategy.

We work best together — bookkeepers keep things tidy and on track so accountants can do their job efficiently. It’s not one or the other — it’s both!

✨ If you’re stuck doing your own books, or wondering whether it’s time to bring in some help, let’s chat.

Napier Bookkeeping | BookWorx HB Bookkeeping and payroll support for Kiwi businesses.

Almost half of all invoices are paid late and that can really impact your business. If you're tired of late payments, these 6 steps might speed things up.

Want to get paid faster? Try these tips

How well do you understand your revenue drivers? We can help you review the numbers in your business, identify your revenue drivers, and will help you enhance your total revenue as a company.

Understanding your revenue drivers How well do you understand your revenue drivers? We can help you review the numbers in your business, identify your revenue drivers, and will help you enhance your total revenue as a company.

We’ve been hearing some confusion among business owners about the difference between the Wage Subsidy Scheme and the Resurgence Support Payment.

We want to clarify things for you so you can apply for the support you need.

👉The Wage Subsidy Scheme helps eligible businesses to pay wages. Apply for the Wage Subsidy through the Ministry of Social Development NZ (link below).

👉The Resurgence Support Payment can help eligible businesses with expenses like rent. You can apply for this in your myIR account.

As a business, you can apply for and receive both payments at the same time, as long as you meet the eligibility criteria.

For more information about the Resurgence Support Payment, including our support payment calculator, visit our website here https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment

For more information about the Wage Subsidy Scheme visit https://www.workandincome.govt.nz/covid-19/wage-subsidy/index.html

Are you in your first year of business? When you’re just starting out, you’ve got a lot on your plate (and on your mind) and we know organising paperwork and paying tax in the first year can feel overwhelming.

Check out this IRD video to help guide you through setting up your new business. Find it all at the link below

Business Basics - Income and provisional tax In this video, we explain how income tax works and when you have to pay provisional tax - a way of paying your income tax throughout the year.

Use payday filing? Are you ready for Version 2?
From 1 April, we will require all employers to use the new payday filing format (Version 2). Version 2 has been available since April 2020 and provides more Employment Information and Employee Detail information than the current Version 1. We have been working with payroll software developers to help ensure they build Version 2 into their systems in good time. To find out more go to ird.govt.nz/payday-filing-version-2

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So important to look after your own well being when being self employed

How to look after your wellbeing if you’re a sole trader | Xero Blog Being your own boss certainly has its perks. But being a sole trader can also be hard work. Here's how you can take care of your wellbeing.

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