Year: 2012

Following on from last week’s article about adopting an Olympian’s mind-set in business, we should consider a similar correlation with how to become a successful entrepreneur. With the right mind-set, anyone can become a successful entrepreneur.  The question is:  Do you have one? What makes a successful entrepreneur?  Let’s start with a simple definition for […]

The IRD’s recently updated guidelines on determining employment status for tax purposes serves as a timely reminder that establishing your tax status is essential.  Are you an employee or contractor?  Let’s discuss this in more detail.  If you’re engaged to carry out work, your employment arrangement may have significant implications for tax purposes.  It’s essential […]

Unless you’ve been on Mars, you’ll know that the 2012 Olympic Games in London are fast approaching.  Have you ever considered that you could use the same model for your business? What can the Olympic Games teach you about running a successful business? You should be striving for Gold in your own business.  I don’t […]

Bill English announced in his recent Budget that he was giving the IRD an extra $78.4m over the next four years to fund increased audit activity.  This is likely to have disastrous consequences for those small business owners who keep poor accounting records and have prayed they have stayed “under-the-radar”. The IRD has begun to […]

No business can afford to ignore its cash flow.  And it’s a sad fact that many business owners with profitable enterprises – even those with healthy sales & good record keeping – watch in horror as their bank balances plummet.  In these hard economic times, this can mean the difference between a business surviving or […]