Business

Top 5 Questions to Ask Your Accountant
26 Sep 24

Important Questions to Ask An Accountant

Unsure what important questions to ask an accountant to maximise your time with them?  Do you dread visiting your accountant and handing over your annual tax records?  You’re not alone! Building a solid relationship with your accountant can help you run your business more efficiently and avoid costly financial mistakes. This guide will walk you […]
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We’re now four months into the new tax year. For many small business owners, this is a critical time. The initial rush of the new financial year has passed, and it’s the perfect moment to take stock of where your business stands.
15 Aug 24

Business Progress Assessments: Are You on Track?

We’re now four months into the new tax year. For many small business owners, this is a critical time and not to start a round of business progress assessments. The initial rush of the new financial year has passed, and it’s the perfect moment to take stock of where your business stands. Winter is behind […]
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By setting SMART goals, you can create a roadmap for your professional growth
16 May 24

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.
21 Nov 23

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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03 Oct 23

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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Accountants have an in-depth understanding of financial management, tax laws, and other financial regulations, which can be crucial in developing a solid business.
14 Feb 23

4 ways an accountant can help you.

Small businesses are the backbone of many economies, providing goods, services, and employment to local communities. As a small business owner, you’re likely to face many challenges and obstacles. Least of all, you’ll need to manage your finances, taxes, and other accounting-related tasks. This is where an accountant can come in handy. They can offer […]
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03 Dec 22

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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29 Aug 22

How Close Are You to Achieving Your Vision?

Starting, nurturing, and running your own business requires huge commitments. Many small-business entrepreneurs require several years to create scalable, profitable, businesses with loyal client bases. And as they do, their journeys are filled with risks, ups and downs, causing significant stress and anxiety. For those who survive the start-up phases, they begin to reap the […]
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More recently, biometric data, such as fingerprint or thumbprint scans, are being  used to verify someone’s identity.
23 Aug 21

13 small-business cyber-security tips

Updated: August 2021 If you own a small-business and think data-security is unavoidable, this article provides 13 small-business cyber-security-tips. Do you fear being hacked or losing customers’ personal information?  If you answered yes, you’re certainly not alone. 1. Norton’s Cyber Security Findings Norton’s 6th annual Cyber Safety Insights Report highlighted an alarming statistic.  It found […]
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new-trusts-act-2019
12 Feb 21

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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