Cybersecurity continues to be a hot topic for any business. We are living in a digital age where private information is being captured and inputted online by businesses, customers, employees, and patients. And whilst Artificial Intelligence has contributed largely towards the ability to evaluate and prioritize the risks of different threats, it has also made the lives of cyber criminals easier by simplifying some of the work required to create and run scams and breaches.
Most businesses are always looking to grow and in good times that can sometimes come easy, however if you have noticed, now is not one of those good times! So how do you grow in a recession? Take a look at our latest blog, it might give you some ideas...
In this month’s blog we take a look back in time to the birth of bookkeeping. The word bookkeeping itself is very old fashioned but just because it is old doesn’t make it irrelevant! Just look at the last couple of US Presidents! (OK, BAD example!) But seriously when we are looking for a new bookkeeper for the team we want to know they understand double entry bookkeeping, NOT Xero or MYOB. We can teach them that…
It appears that the labour shortages might be with us for some time because it’s not just an isolated problem here in NZ but a worldwide one. The blog talks about the sort of tasks that can be outsourced, why you might consider it, and what to look for in providers.
Having started offering payroll only services in the last 12 months we have significantly increased our knowledge in this area. This increase in payroll knowledge actually started over two years ago when Covid hit and that’s the reason we decided to offer this service. We THINK payroll, we don’t just process it and that is because there are so many different scenarios that pop up that need a human touch that software alone cannot rectify.
My grandmother grew up in Bombay, South Auckland and back then it used to take them half a day to get into the city (circa 1920’s), I now make that trip in 45-60mins even at peak times. My point is that as the world develops so too does our efficiency in doing things and that couldn’t be more true in bookkeeping, particularly over the last 5-10 years…
Mistaking a bookkeeper for an accountant can lead to poor advice, which can be very detrimental to your tax position. We’ve seen cases where the wrong advice resulted in taxpayers paying significantly more tax than they needed to. Even worse, we’ve had new clients come to us who were in strife with the IRD because they had paid too little tax, on the advice of a bookkeeper. On the other hand, using a qualified chartered accountant for bookkeeping work would be unnecessarily expensive.
When we moved our previous accounting & inventory system to Xero/Cin7 we approached The Back Office Company & they took control of the entire process. We are absolutely delighted with the new system & ongoing support we get from them.
Michelle & The Back Office Company have been doing our books for over 5 years & are a great addition to our team. Her attention to detail, easy going nature & go getter attitude has made life easier for everyone.
As a CA firm we refer many clients to The Back Office Company. The work they do & level of customer care they provide is highly valued by clients. We have confidence they will go the extra mile.
Having The Back Office Company as our bookkeeping company is gold; I don’t have to think about accounts being paid, invoicing, IRD payments or payroll. TBO takes care of it all accurately and timely.