Technology offers great opportunities for streamlining many aspects of your business including payroll, online booking and reservation management, capacity and scheduling systems, tracking product profitability, asset maintenance and digital marketing.

The tourism, hospitality and leisure industry is very seasonal, particularly in Northland which does not experience a ‘true’ winter. It is essential to understand those seasonality trends.

Given the nature of the work that NFPs typically do, income (such as fundraising income, grants and donations) is put into categories (liable, not liable, exempt) with special GST rules applied to each category.

Annika Dickey, NFP Advisor, says there are a number of specific regulations around tax exemptions and reporting for NFP organisations and because each NFP is unique, it can be difficult for those managing the finances to decipher what tax they have to pay. Fringe Benefit Tax (FBT) in particular is challenging. That’s when talking to an expert can save time, money and stress.