Blog
Why Cashflow is Critical for Your Business
Managing your business without a cashflow forecast is like driving with your eyes shut. You’ll probably be able to survive a short distance. But it’s dangerous and you won’t notice the danger until it’s too late. So what is cash-flow, why is it so vital, and how can...
COVID-19 GOVERNMENT SUBSIDIES
I hope you and your families are safe and well. On day 1 of our national lock-down, many of you are wondering how the New Zealand’s government’s wage subsidy will work. This article tries to give you a summary, although please don’t shoot the messenger as...
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...
Rental Property Accounting Basics
Do you own a rental property or even a portfolio of them? Do you use a rental property accountant or leave your administration and bookkeeping to chance? For many property investors, day to day bookkeeping and administration is something that is often...
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...
Accounting doesn’t have to be a chore
Chances are that you’ll not perform cart-wheels if I mention the words virtual accountant or accounting! Unless you enjoy working with numbers or you’re either a bookkeeper, accountant or virtual accountant, you’ll probably turn your nose up at the very sound of the...
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...
End of Year Tax Saving Tips
The end of income tax year is fast approaching and will end on 31 March 2019. It’s an opportunity to remind you of some tax saving tips and strategies you can take to help minimise your next tax bill. Here's a handy list of ways to save tax. The list is a summary...
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...
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...