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4 tips to survive a weak economy

Like the Auckland weather, it’s often just as difficult to predict the economic climate accurately. During a recession or economic downturn, disaster can quickly strike small business entrepreneurs who are not prepared to weather the storm. Fortunately, all is not lost. You can stay strong in lean times and help is often at hand to […]

Your bank manager – friend or foe?

Maintaining a good businesses relationship with a financial institution (such as a bank, credit card company, etc) has always been important. This is becoming more prevalent as many lenders are consolidating, borrowing becomes harder and options become scarcer. In the past, we may have regarded this relationship as a partnership, where each party stood to […]

How these 3 common misconceptions about accountant affect your business

Many small business owners assume that a healthy business will remain healthy – despite overwhelming statistics that suggest that 80% of businesses fold within 5 years. Just like you take your car for regular servicing, it’s just as important that you remain proactive and give your business a warrant of fitness. You pay your mechanic […]

Survive 2011 With 4 New Year’s Goals

As you settle into 2011, you may be sighing with relief from the last couple of years. You may have made resolutions or goals to do things differently for the next 12 months. And for many of you, many of those resolutions will be broken by the end of January. Understanding that most people break […]

7 ways to pay your accountant less

Using a Chartered Accountant and paying their accounting fee is often considered a normal part of running a business. It’s important for you to consider what you’re getting for your money. Before shopping around to reduce your accounting fees, compare the value that you’re receiving from your accountant. Let me elaborate with some examples: Scenario […]

06/12/2010
Mark
Finance
Comments: 3

One question that clients often ask is “how can I get people to pay me quicker?”. As they say “cash is king” and with ever spiralling bad debt due to the recession, everyone seems to be feeling the pinch. It’s possible that your customer is waiting to be paid before they can pay you. But […]

A few tips to finance your new business venture

As an accountant, I’ve been involved with hundreds of entrepreneurs setting up business for the first time. If you are thinking of setting up a new business (or have recently done so) you’re probably full of excitement, but also anxious. You’ll know that financing your new business is an important element of this process. You […]

Tips on Managing Your Accountants’ Fees

Quite often the professional fees that are charged by some accountants are seen as onerous to some small business owners. Considering the current state of the economy, you might find the following tips useful to help you manage your overheads. * Organise your books & record keeping. Basically, if the information your accountant needs to […]

How to get the best from your accountant.

If you are like many business owners, you out a great deal of trust in your accountant when managing your financial affairs. But not only that, your chartered accountant provides information on what you must do to comply with the myriad of compliance and legislative requirements you need to follow. They also play a vital […]

1 October 2010 GST rate change – a beginner’s guide

When the Government announced in the May 2010 Budget that Goods & Services Tax (GST) will increase, with effect from 1 October 2010, it probably seemed a long way off to you then. But with that date fast approaching, you’ll hopefully have begun to consider the impact that it will have on your business. These […]