Peak season over the holidays?

While some businesses shut completely over the summer break, many stay open. Businesses have the difficult task of balancing their rotas to keep things running smoothly. If you’re maintaining a skeleton staff over Christmas, offer incentives and ensure staff get the chance to take turns to cover shifts, so everyone gets some time off to see their loved ones. If you’re taking on extra staff, make sure you follow sound…  Read more

A business budget will help with your financial decision making

Budgeting is about estimating your revenues, projecting your expenses and detailing the allocation of funds, so you stick to (and don’t overrun) your agreed budget ceiling. How does budgeting affect your business? Having a clear, agreed budget gives you a structured framework for your financial decision-making. It’s a practical way to control your costs, monitor performance and adapt your strategic and financial decisions to meet changing economic conditions. Using budgeting…  Read more

Making your information safer

We have been using email software called Karbon for a while and they have some great features to help us keep your details safe. One of those features is the Karbon Client Portal and Magic Links. We’ll be using these from now on for our correspondence with clients. This platform will facilitate the sending, receiving, and requesting of documents and information in a more secure manner. When we request information…  Read more

Your business culture and business performance

Your team have a direct impact on the overall experience the business provides to its customers. A study by Glassdoor Economic Research reported that public companies named in a ‘Best Places to Work’ list in 2009 outperformed the Standard and Poor’s 500 by 115% over the next five years. It suggests a culture that engages and motivates employees helps the bottom line. Others have looked at business culture and long-term…  Read more

Cyber Smart Week

Cyber Smart Week is here! This Cyber Smart Week (30 October – 5 November), we’re supporting CERT NZ to highlight the importance of staying secure online and showing New Zealanders what’s at stake when they don’t get their online security right. CERT NZ has found that despite being aware of cyber security risks, New Zealanders aren’t necessarily taking the simple actions that can protect them. For this year’s Cyber Smart…  Read more

5 things to know when you’re applying for a home loan

Thinking of applying for a home loan? Here are some tips to help you prepare an application that’s more likely to be approved. You may need to go on a financial diet before you apply – When you apply for a mortgage, a bank will typically analyse the statements for all your accounts for the past three months. Some types of spending will dent your chance of being approved, such…  Read more

Keeping you and your staff pain-free at work

Whether you and your staff are sitting or standing at work, there are risks to physical and mental wellbeing that can be easily avoided. We have some top tips from Erin Holland at Active+, an experienced physiotherapist in occupational health. What are the key health and safety risks when you’re working in an office? You’re often sitting for large chunks of time in an office so the primary risk is…  Read more

10 hot questions to ask yourself as a business owner

Running a busy and successful business means you often don’t have the time to step back and work ON the business. This can be a challenge if your aim is to grow and scale the company. As experienced professional business advisers, we know the value of taking the time to ask yourself some pertinent questions. Holding yourself and the business to account is something we can help with. And there’s…  Read more

Office Energy Boosters

  Lack of energy is a motivation crusher for you and those around you. It’s unhealthy too. Slumped shoulders, bad posture, and inattention can all lead to workplace injury. And lack of energy shows up in office output or, rather, lack of output. Everyone’s different but it can help to run interference on your daily routine. Here are some simple ideas: Work out. Some people swear by a dawn session at…  Read more

Employee versus Independent Contractor

When you start employing staff, you need to register with Inland Revenue as an employer. However, if your worker invoices you for the work — with GST, if they are registered for GST — then you won’t be required to register as an employer and account for PAYE. This means you pay them as a contractor rather than an employee. However, you need to be sure that your worker is…  Read more

5 challenges for small business – and how to beat them!

Founding, building and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn’t always smooth. There are common challenges that crop up and ongoing issues that need to be factored into your business plan, your strategy and your own personal thinking. So, what can you do to beat these challenges and make the journey as frictionless as possible?   5 proactive ways…  Read more

Xero Training – Going Deeper

Join us for our next Xero training event. With Xero, you can save time, reduce your stress levels, and get paid faster. You’ll gain valuable insight into how your business is performing and be able to project your cashflow, enabling you to make better informed decisions. We’ll be looking at: Understanding and using the new reports to your advantage Creating and editing budgets Hubdoc – efficient online storage of documents…  Read more

The ‘No frills’ 2023 budget – What does it mean for you?

How will the latest Budget affect your business and your household? Here are some of the changes most likely to have an impact on Kiwi business owners. Higher trustee tax rate The trustee tax rate is now aligned with the tax rate for the highest income bracket, at 39%, up from its previous rate of 33%. Those clients who have family trusts may be unhappy to learn about the increase…  Read more

Understanding the Use of Money (UOMI) System

Some taxpayers are subject to ‘use of money interest’ when they don’t pay their tax, pay late or underpay. When do you have to pay use of money interest to Inland Revenue? Taxpayers that must pay use of money interest are those who: have under-estimated their provisional tax have earned income which has either not been taxed, or has not had enough tax deducted from it, and the end of…  Read more

10 Tips for keeping track of business expenses

It’s surprising how small stuff adds up: dashing into the dairy on the way to work because the lunchroom’s out of milk. Scrambling out of the taxi at the airport to catch an early flight for that business meeting. Things you can forget about as you do the important stuff. Big or small, they’re all business expenses. They’re tax deductible so retain the records for the business’ income tax return.…  Read more

Profit improvement and productivity and Xero Training

Ramp Up Your Business With Xero – Training Seminar Using online accounting software like Xero is one of the easiest ways to save time and reduce stress. Xero has a lot of features that make things easier for you but knowing how to use them is the essential part. Join us on May 17th at 10am for our training seminar, Ramp Up Your Business with Xero, where you’ll: Discover how…  Read more

Roadmap for Success

Is your 2023 planning leading you down the right path? As a business owner, it’s important to look forwards. Your job is to guide the course of the company and to provide the roadmap for a successful year. But navigating the hurdles and driving the business to success is never easy – especially when you’re confronted with a market and economy that’s still in a state of recovery. A business…  Read more

GST Special Alert

GST Special Alert – What information do I have to keep? With the new rules on GST invoicing applying from 1 April 2023, ‘taxable supply information’ is effectively replacing tax invoices and must be retained and able to be provided. The information required is dependent on the value of the transaction.  We recommend watching this recorded webinar on GST record keeping changes, and checking out our summary below of information…  Read more

March Tip Bits

Cashflow Freedom Seminar – last chance! Where does your cash go? Do you ever wonder how it is that cash disappears from your business – especially when it’s time to pay for your taxes? Your accountant says that you’ve made a profit – but where is it? We guarantee that you’ll find this seminar very useful for understanding your own numbers more, so register today to secure one of the…  Read more

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