Mark

Why retailers need to understand financial metrics

If you operate in the highly competitive and fragile retail landscape you’ll need more than a basic grasp of accounting. You must know which financial metrics affect your business and how to measure and monitor them. This article highlights four common financial metrics that every retailer should be reviewing every month. It also explains what […]
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Rental Property Accounting Basics

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New GST Rules for Offshore Suppliers

The number of non-resident businesses selling products and services via the internet is increasing. Recently introduced legislation seeks to preserve a sense of fair play for Kiwi retailers. Kiwi retailers have suffered because many New Zealanders have bought goods and services from offshore suppliers free of GST. The “GST Offshore Supplier Registration and Remedial Matters” […]
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Business partners

Considering Bringing On A New Business Partner?

There are myriad reasons why you might want to introduce a new business partner.  Among these reasons are: You may be planning to retire; They’d provide additional funds to expand the business; They may bring skills and experience that you don’t have; You want to share the workload. It’s a big step, particularly if you […]
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Accounting

9 Questions to Ask A Small Business Accountant

This article will discuss the difference between bookkeepers, chartered accountants and small business accountants and how to recognise when you need one. It will also suggest nine questions you should ask them when you’re interviewing them. Do you want to run your business properly but small business accounting scares the living daylights out of you? […]
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ready

Independent Directors – A Valuable Addition To Any Company

In my experience, the majority of small business owners presume that only big companies use independent directors.  However, independent non-executive directors can add a great deal of benefit to businesses of all shapes and sizes. Owner-managed businesses are often opposed to engaging outside directors or consultants.  I’m sure this is partly due to our Kiwi […]
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