Blog/Updates

5 goal-setting tips for 2023

Whether you want to grow your business or take more time for yourself, these goal-setting tips can help you achieve your long-term plans. We can help Not sure what your goals should be or how to monitor them? We can…

Read More

Holiday pay sorted?

Working out what an employee gets paid for taking a day off on annual holidays will depend partly on what they have earned in the previous 12 months because they must be paid for holidays at these average weekly earnings…

Read More

Why customer success is vital for your small business

Enhancing your customer experience is the key to success for any business. It’s not just about making a sale but about keeping your customers happy and coming back for more. In short, it’s about pushing the idea of customer success…

Read More

How to stay competitive in your industry

It’s difficult to make your business stand out from the crowd, especially in the 21st century digital environment where businesses large and small are competing for the same customers. Remaining competitive is vital for any business. If you stay ahead…

Read More

Tricky tax questions at Christmas time

No matter how well you’ve planned in advance of the Christmas flurry or whether you’re still taking care of last-minute items, be aware of what you can claim tax deductions for, or where you might be liable for tax Here…

Read More

Your car as a business expense: what can you claim?

Being self-employed can be tough – but it does have its advantages. One of those advantages is the possibility of being able to allocate some of your costs to business expenditure, so you reduce your tax bill. That includes your…

Read More

Entertainment Expenses – Income Tax & GST

As a general rule, if you provide entertainment for your team or clients, some of your business entertainment expenses are tax deductible. Some examples of fully deductible entertainment expenses are food and drink: Some other entertainment expenses are only 50%…

Read More

Business Tip 8: Hiring employees for your startup

When setting up your new venture, the people you hire may well become the most important assets in your business. They’re your trusted workforce, the face of your new brand and the people you’ve entrusted with getting your business idea…

Read More

Newsletter – October 2022

Welcome to the last quarter of 2022! We are not sure where the year has gone but we are already thinking of Christmas! As we have been working our way through various clients files this year, we have come across…

Read More

Business Tip 6: Getting funding for your startup

A great business idea is an excellent starting point for a company. But without funding to provide the necessary capital, your business idea could be dead before it’s even begun. To quote a well-worn phrase, ‘Cash is King’ and that…

Read More

Understanding Your Balance Sheet

To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly…

Read More

Business Tip 5: Defining your business idea

Having that Eureka moment when you cook up a great new business idea is a great moment. You’ll be full of ambition and eager to begin building your startup. But once you’ve had that initial rough idea, how do you…

Read More

Profit vs Cash

There’s a massive difference between profit and cash. Let’s explore the differences to make a better plan to increase both. 1. Sales.Profit increases when you increase sales; cash increases when you collect the money from customers. To increase both your…

Read More

Business Tip 4: Getting in Control of your Spending

Keeping the business in a positive cashflow position is vital. But you can only do this if your cash inflows (sales revenues and other income) outweigh your cash outflows (overheads, supplier costs and other liabilities like tax costs or loan…

Read More

Business Tip 3: Nurturing your Customer Relationships

The stability of your business isn’t just based on sound finances. Forming rock-solid foundations comes from having a solid customer base and building long-lasting relationships with your end users. To achieve this, you need to work hard on nurturing these…

Read More

Don’t burn out this winter!

It’s tough going for business owners this winter. Illness is rampaging through the community – it’s hitting staff, suppliers, clients and schools, creating disruption throughout the economy. With the labour market tight, businesses are already understaffed. Add high rates of…

Read More

Business Tip 2: Budgeting and Managing Cashflow

If you want to stabilise your finances and grow the business, working to strict budgets becomes a necessity. Managing the cashflow twists and turns of a project can be hard work. But it’s easier to do when you have an…

Read More

How much is our work taxed compared to other countries?

The Organisation for Economic Cooperation and Development (OECD) recently released its latest Taxing Wages 2022 report, and it’s interesting to see where New Zealand falls compared to other developed nations when it comes to tax. One of the purposes of…

Read More

Vehicle running costs are high these days!

Inland Revenue just released its kilometre rates for the latest tax year, which indicate running costs for vehicles. For the first 14,000km travelled each year, the rate is 83 cents per kilometre, which comes to a total of $11,620 –…

Read More

The importance of business development

Business development is one of the most important areas of focus for any ambitious business. If you want your business to grow, that’s going to mean having a razor-sharp focus on new opportunities and strategies. That could mean exploring new…

Read More

3 tips for getting your home loan approved

In 2021, new lending restrictions came into effect under the Credit Contracts and Consumer Finance Act (CCCFA) – and immediately there were stories of people being declined loans for what seemed like trivial reasons. In March, the Commerce Minister announced…

Read More

New Trust Disclosure Rules – apply from the 2022 tax year

The 39% tax rate for individuals is going to mean close scrutiny will be put on transactions between individuals and trusts. This includes harsh new disclosure rules designed to ensure the Inland Revenue has clear visibility over such transactions whether…

Read More

Omicron in the Community

With Omicron circulating in the community, chances are if you have employees your business may become affected in some way. Below is some information to assist with your requirements as an employer . There are many different scenarios which can…

Read More

Time to Review 2021 and Plan for 2022!

What are your business goals for 2022? The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d…

Read More

2021 Wrapped Up

Here we are at the close of another year. We really are not sure where 2021 has gone!! We do know however it has been another tough year with “normal” life affected by lockdowns, restrictions, traffic lights, masks and vaccines.…

Read More

Loading…

Something went wrong. Please refresh the page and/or try again.

%d bloggers like this: