Top tips for building a strong company culture
Like it or not, all companies have a culture. While it might be easy to define culture in nice words, it can be much harder to grab hold of in daily business, especially when times get tough. A strong company…
Read MorePlain English guide to cashflow
Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position. What is cashflow? Cashflow refers to the movement of money…
Read MoreUnderstanding Your Profit & Loss Statement
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in…
Read MoreWhich business expenses can you claim against tax?
Incurring expenses is an unavoidable fact of running a business. But which expenses can you claim tax deductions against and which don’t meet the tax-free criteria? Here’s our lowdown on which expenses you can claim against tax. Which business expenses…
Read MoreWhat’s the difference between employees and contractor’s? And why does it matter?
Does your business use both employees and contractors? It’s important to distinguish between them as they are paid and taxed differently. Despite what you may call the individual concerned, that description is not definitive. If the status of the worker…
Read MorePlanning for upcoming tax deadlines in August
Remembering the filing and payment deadlines for your business can be challenging. And forgetting about tax payments coming up can seriously disrupt your cash flow planning.We have summarised tax deadlines coming up in August for you to prevent you from…
Read MoreTime to upgrade to New Reports in Xero
Are you still using older versions of Xero Reports?Xero has had two versions of their reports for a while — the older version and their ‘new’ reports. As of 31th July they will not longer be maintaining and providing technical…
Read More5 challenges for small businesses – and how to beat them!
Founding, building and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn’t always smooth. There are common challenges that crop up and ongoing issues that need to be factored into your…
Read MoreKiwiSaver – getting the maximum Government contribution
Sole traders and those who are not on a PAYE salary may not be making the most of their KiwiSaver. Each year the Government contributes to your KiwiSaver if you have met the minimum payment requirements as detailed below. The…
Read MoreMotor vehicle business use and reimbursements
Inland Revenue allows you as an employer to reimburse employees – including shareholder-employees – for using their private vehicles for work. To reimburse employees for running costs, you can use: Depending on which method you use, you and your employees…
Read More10 steps to Business Continuity Planning
‘Business continuity’ is the process of planning out how your company can continue trading – when disaster hits. In essence, it’s your Plan B for how to set up a means of trading, when you don’t have access to your…
Read MoreThe ‘No frills’ 2023 budget – What does it mean for you?
How will the latest Budget affect your business and your household? Here are some of the changes most likely to have an impact on Kiwi business owners. Extended free childcare hours If you have young children, or your team members…
Read More10 ways to improve your business performance
Here are ten ways to make sure that you continue to drive through each business quarter with purpose, vision and the courage to super-charge your business. 1. Eliminate distractions: Time is the scarcest resource and biggest killer for most businesses. When…
Read More3 cloud accounting tips to save your business time and money
Keeping on top of your accounts is a big part of running a successful and profitable business. But you don’t want to spend ALL your time dealing with accounting tasks, especially when that time could be spent building customer relationships,…
Read MoreProvisional Tax – What you need to know
If you are an employee, your employer sorts out PAYE on your behalf. But when you’re self-employed, you need to pay your own income tax. For example, if you earned $100,000 from your business, the income tax on that income…
Read MoreCashflow freedom – The 7 causes of poor cashflow
Cash is the lifeblood of any business. Even profitable businesses can and do fail because of poor cashflow. What’s important is that you understand your key cashflow drivers. Improving cashflow is often all about changing your processes. Processes such as how you…
Read MoreWhy is business planning important?
The first key to success in business is planning and defining the short- and long-term goals for your business. With a plan in place, it’s your reference point to see how you’re tracking, what stage you’re at and how far…
Read MoreGST invoicing changes from April 2023
New rules modernising GST invoicing and record-keeping requirements apply from 1 April 2023. The key change is removing the requirement to issue and hold a “tax invoice” document (which meets certain prescribed requirements on details required), and instead having GST…
Read MoreStressing about your work/life balance?
Trying to get perfect the work/life balance can be a cause of stress in itself. If you are feeling the strain of building your business and maintaining your life the good news is that stress and a productive existence can…
Read MoreNewsletter – End of Financial Year
Wow, here we are again almost at the end of another financial year. We can’t believe how fast time has flown since Christmas. Maybe it’s because of the awful weather we have had! Office Updates As a lot of you…
Read MoreTop tips for getting your financial year end work completed quicker
A new financial year is upon us and that means that it’s time to check the accuracy of your financial information in your accounting software for the past financial year, and to gather the documentation that we, as your accountant,…
Read MoreSupport for businesses hit by Cyclone Gabrielle
If your business has been impacted by Cyclone Gabrielle, you may be able to get support from your bank and/or the Government. Here are some of the packages available to businesses across New Zealand: $2,500 cash support available from Westpac…
Read MoreHow staff training expands the skill-set of your business
Spending time and money on staff training is a must. When your employees can see that you’re invested in their future, they feel valued, empowered and engaged with your company vision. That’s excellent news for your employee satisfaction scores and…
Read More5 signs you’re undercharging
Are you undercharging for your services? It can be hard to tell, particularly if you’re in a niche industry or you’re a contractor. Costs have been rising, so it may be time to rethink your own pricing. Here are five…
Read More5 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 MoreHoliday 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 MoreWhy 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 MoreHow 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 MoreTricky 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 MoreYour 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…
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