Blog

Team of family members and colleagues collaborating during a business meeting, exemplifying improved family business dynamics
15 Oct 24

Improve Family Business Dynamics

If you’re looking to improve family business dynamics, you’re not alone. Managing a family-owned business can often feel like walking a tightrope. Balancing family emotions with business needs is no small feat. Here are 10 strategies, with real-world examples, to help you foster harmony and success in your family-owned business: 10 Strategies to Improve Family […]
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Top 5 Questions to Ask Your Accountant
26 Sep 24

Important Questions to Ask An Accountant

Unsure what important questions to ask an accountant to maximise your time with them?  Do you dread visiting your accountant and handing over your annual tax records?  You’re not alone! Building a solid relationship with your accountant can help you run your business more efficiently and avoid costly financial mistakes. This guide will walk you […]
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We’re now four months into the new tax year. For many small business owners, this is a critical time. The initial rush of the new financial year has passed, and it’s the perfect moment to take stock of where your business stands.
15 Aug 24

Business Progress Assessments: Are You on Track?

We’re now four months into the new tax year. For many small business owners, this is a critical time and not to start a round of business progress assessments. The initial rush of the new financial year has passed, and it’s the perfect moment to take stock of where your business stands. Winter is behind […]
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By setting SMART goals, you can create a roadmap for your professional growth
16 May 24

Master SMART Goals to Elevate Your Business

Setting SMART goals and having a clear roadmap is indispensable in today’s dynamic business landscape. Explore how the SMART framework can serve as a catalyst to propel you to unprecedented heights of success. UNDERSTANDING SMART GOALS Setting goals is the cornerstone of success for small business owners. SMART is an acronym that stands for Specific, […]
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Having a separate business account will help provide a clearly picture of your business' financial health
19 Mar 24

Benefits of Maintaining Separate Bank Accounts

In the small to medium sized business arena, lines between personal and business finances can often blur. Accordingly, this presents myriad challenges for small business owners. One important and overlooked aspect of financial is the practice of maintaining separate bank accounts for business and personal transactions. This article explains the importance of this practice. It […]
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Conducting a regular health checks is vital to assess and enhance a business' financial resilience.
06 Jan 24

The Importance of a Financial Health Check

In today’s dynamic business landscape, the importance of a financial health check has never been more important.  Confronting financial challenges promptly has become a cornerstone for sustained success. Businesses grappling with tax-related issues often seek assistance only when faced with dire situations such as revenue losses, financial downturns, or mounting problems with banks, creditors, and […]
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Amidst economic hardships, Kiwi businesses grapple with a surge in receiverships and liquidations, with the IRD's unwavering pursuit of unpaid taxes adding to the challenges.
21 Nov 23

Unpaid Tax: Is IRD an ally or adversary?

New Zealand businesses have continued to face mounting economic challenges during the last few years. Earthquakes, cyclones, a pandemic, recession, and frequent official cash rate (OCR) hikes have taken their toll on many. Yet, in the midst of these hardships, IRD continues to demand its dues and case unpaid tax. Recent data shows New Zealand […]
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Directors must be prepared to justify their drawings and salaries.
17 Oct 23

Company Directors’ Drawings – Are You Recording Them Properly?

[UPDATED 17 OCTOBER 2023] Failing to properly record company directors’ drawings can have disastrous consequences. Effective financial management is vital for a business’ success and sustainability.  And one crucial aspect of this management is properly recording directors’ drawings. If you’re a company director, you may be tempted to use the company’s funds to pay for […]
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03 Oct 23

NZ Minor Parties’ Tax Policies

New Zealand’s general election on 14 October 2023 is fast approaching. As is customary, tax policies continue to be a prominent subject of debate as the election approaches. During the lead up to the election, the various political parties’ tax policies have been grabbing headlines. Some parties advocate for sweeping alterations to our tax system, […]
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