The advantages of a business dashboard

Business dashboards are a valuable business intelligence tool, offering an “at-a-glance” big picture view of a company’s performance. Some business owners use a dashboard to track KPIs relevant to just one aspect of their business, such as sales growth, marketing, or financial data. Others rely on an executive dashboard for an overview of data from various sources (e.g. their accounting software, CRM tools, and website analytics). The great advantage of…  Read more

Overseas rental properties – a tax minefield

During the course of our work with clients, we occasionally come across situations where tax issues are not well understood, and where a proactive approach to managing the tax risk can have a real positive outcome for the client. Owning a rental property overseas is one of those areas where a seemingly simple issue can lead to tax obligations that go far beyond what most people would expect. As well…  Read more

The Christmas eBook

Sit back – take a rest and read our short eBook with some tips on how to avoid going insane in your business in 2018 The Christmas eBook – The Accounting Hub  Read more

Our Client from Copper Seed

Victoria Richardson is an engineer and a business woman with a little bit of Spiderman thrown in for good measure . As a Chartered Building Surveyor, Victoria’s job involves not only office-based work, report writing and client liaison, but also scaling large buildings in a single bound! Part of her work involves abseiling down the side of all types of buildings to inspect for defects or maintenance requirements. To us,…  Read more

Tips for keeping your business data secure

It’s no secret that data loss can be a costly nightmare for a small business, with recent estimates citing the total cost of data breaches exceeding $2.1 trillion by 2019. Unfortunately, cyber attackers increasingly target small businesses because they are less likely to have security protection in place. Accidental loss or loss due to a natural disaster can be just as harmful to a business, with recovery efforts and delays…  Read more

Why giving back is good for your business

If your business hasn’t made it a habit to support a good cause, here’s why you should: giving back does more than make a difference in your community. Participating in charitable activities can have a positive impact on your staff, your customers and your bottom line. Customers want to support companies that demonstrate a commitment to more than earning a profit. A 2010 study by Cone Marketing showed that 85…  Read more

Provisional tax improvements

New legislation enacted in February substantially simplifies obligations under the provisional tax regime. Most taxpayers pay their provisional tax at three times through the course of their financial year, being the 28th day of the 5th, 9th and 13th months after their balance date. The ‘standard uplift’ method determines a person’s liability based on a prior year’s tax payable (105% for last year, or 110% for previous). The problem is…  Read more

Tips for more productive meetings

Increasing efficiency and minimizing costs are essential to running a profitable business. Yet many small business owners waste countless hours on meetings that lack focus, run on too long, and pull staff away from more productive tasks. Follow these seven tips to make your meetings more efficient and cost-effective. What’s your goal? Every meeting should have a clear objective, and a reason the meeting is needed (versus an email or…  Read more

Parties, Christmas and Tax

It’s that time of year again when it pays to review the entertainment rules over the Christmas season. Let’s look at the tax treatment of saying thanks to customers and staff typically with gifts, wining and dining. 50% deductible entertainment expenses Inland Revenue’s IR268 guide gives the following examples of where entertainment expenses are 50% deductible: Taking customers, suppliers and business associates out for dinner or putting on a function for…  Read more

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