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13 Jun 19

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 overlooked. Like most investments, having good accounting processes is essential to keep […]

01 Jun 19

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” […]

17 May 19

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 word. That’s okay. You’re not alone. A high percentage of small-business owners […]

25 Mar 19

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 […]

11 Mar 19

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 only and […]

26 Feb 19

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? […]

19 Feb 19

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 […]

05 Feb 19

3 Steps to Avoid Business Failure

Is your revenue rapidly declining? Do you have less customers than last year? Do you struggle to pay vendors on time? Do you want to avoid business failure? If so, it’s time to determine why and make a firm commitment to fixing your problems. You maybe already know that you’ve got only weeks or, at […]

29 Jan 19

Is it Time For Your Business To Diet?

II haven’t met a business owner yet who wants their business to spend more than they have to. Putting your business on a diet (also known as eliminating unwanted expenses) is a sure fire way to increase your profit. Implementing cost-containment measures will bring both immediate financial benefits and also help you stay competitive. Let’s […]

15 Jan 19

The Perils of Doing Your Own Accounts

Do you prepare your own tax returns? Are you a do-it-yourself (DIY) bookkeeper? To save money, you may have chosen to prepare your own financial statements and tax returns. But in doing so, it could cost you more than you imagined. The Inland Revenue Department (IRD) pays much closer attention to anyone who has […]