Accounting and Tax

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Tax Changes for Residential Investment Properties

The current Labour government has announced some radical changes to New Zealand’s tax legislation for residential investment properties. It has declared it wants to remove “tax loopholes” that gave an unfair advantage to existing investment property owners. Government proposed the legislation soon after Real Estate Institute of New Zealand (REINZ) announced the country’s latest house […]
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Trusts Act 2019 – Trustee Responsibilities

Several important changes to how trusts operate now apply after the new Trusts Act 2019 (“Act”) took effect from 30 January 2021.  The Act imposes more obligations for settlors, trustees and beneficiaries.  Trustees should take action.  They should review the trusts they are responsible for to ensure they operate as intended and comply with the […]
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Unravelling Four Myths About Business Cash Flow

Running your own business can be exciting and rewarding but often presents its fair share of stress.  Often called the “silent killer” poor cash flow is one issue that causes more businesses to cease trading than anything else.   If you’re concerned with your cash flow, I’m about to share some practical advice to help you […]
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The Small Business Profit Model

Why do some businesses experience rapid exponential growth, while others fail? Almost all of them fall into one of two categories. The Small Business Profit Model The “lucky” few stumbled on a breakthrough in their business.  Either with an invention, exposure in the mass media, or some other innovation that’s rare and hard to repeat. […]
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4 Ideas To Navigate Your Business Through A Recession

As the owner of a small business, you’ve no doubt experienced tough times at some point. Even if you haven’t, things could be slowing down due to the effects of Covid-19. Don’t worry though! Almost every business will go through rough patches at some point. This doesn’t reflect on you. Sometimes, things are just out […]
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7 Strategies To Avoid Exhaustion For New Businesses

Starting your own business might be one of the most thrilling and daunting steps you’ll ever take. At the start, you’ll feel driven to work late and on weekends because you want your new company to thrive. Over time, working too hard might cause burnout. You might even lose the passion you feel for your […]
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5 Ways to Boost Your Cash Flow

Budgeting and Forecasting Process Roadmap

Can your business succeed without a budgeting and forecasting process?  The answer is…probably, yes.   Good budgeting and forecasting processes are two important steps to skilfully run your business and achieve your financial goals.   The recent COVID-19 pandemic has put many businesses under significant financial pressure.  Here are nine ways to help you develop a simple […]
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Why Cashflow Forecasts Are 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 you ensure you stay on top of […]
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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 we are all trying to understand these new measures. […]
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