Mark Gwilliam

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By setting SMART goals, you can create a roadmap for your professional growth

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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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.

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.

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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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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Navigating New Zealand Tax Residency

Understanding your New Zealand tax residency status is crucial when living in New Zealand. It determines how much tax you need to pay and what financial obligations you have.  Knowing it will help you make informed decisions about your employment, business opportunities, and investments. So, while it may not be the most exciting topic, it’s […]
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Learn how to maximise your tax deductions by claiming home office expenses. Understand eligibility criteria and allowable expenses for a potential tax break.

Home Office Expenses and How to Claim Them

Did you know some business-related home office costs are tax deductible?  Are you a small-business owner, contractor or freelancer and work from a home office? With the rise of flexible work arrangements, more people are working remotely and given up renting office space.  Consequently, the concept of a home office has taken on a whole […]
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5 Ways a Small Business Accountant Can Help

If you own a small business, you’ve probably worked with a small business accountant at some point. Have you imagined how they could help you, other than preparing and filing taxes, and bookkeeping? Most people would acknowledge small business accountants prepare tax returns and financial statements. They recognise engaging a good small business accountant will […]
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Planning for the impact of RBNZ’s interest rate rises

For many, last month’s Reserve Bank (RBNZ) announcement brought bad news. Rising interest rates and inflation will hit many small businesses hard, as customers’ disposable income will decrease. Is it a time to panic? No, definitely not. But it indicates RBNZ aims to reduce the amounts of discretionary funds we have to spend. Small-businesses owners […]
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6 tips to help you enjoy the summer break

[Updated 25 November 2023] Do you sacrifice holidays to focus on keeping your business operating?  If you are, you’re not alone.  A recent survey indicated three-quarters of small-business owners regularly work through holiday periods. At Business Advisory Services, we want to helping our clients maintain a work-life balance during the festive season. Throughout this article, […]
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