Blog

As an innovative, human-centred small business, The Accounting Hub recognises the need to support other people-driven small businesses, especially those having an enormous positive impact despite their small size. These small businesses are the driving force when it comes to adopting and delivering on sustainable issues, as their personal approach to business allows them to give social and environmental agendas the same priority as fiscal goals. We love highlighting small…  Read more

The rapid growth of the co-working movement has made it a global phenomenon, and with good reason. Co-working, or shared office space, offers a whole host of benefits from expanding your personal and professional networks to eliminating distractions from the fridge and TV. While the list of positives is a long one, here are just our top five reasons why you should consider co-working space for your small business. 1.…  Read more

In what was one of the largest data migrations undertaken by any government agency in New Zealand, around 20 million income tax records, representing around $5 billion in financial transactions, were moved from Inland Revenue’s legacy software to a new system during a seven day shutdown over Easter 2019. Inland Revenue began rolling out its business transformation programme in stages two years ago. The latest upgrade during Easter 2019, was…  Read more

Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four important questions. 1. What’s my best strategy for increasing revenue? Every business owner strives to improve…  Read more

It’s the line item most often left out of a small company’s budget: the business owner’s salary. Let’s face it: you can always spend cash on your business. From office expenses to employee salaries to rent, every month a portion of your revenue is accounted for. But paying yourself first is a must. You need to earn a living – and paying yourself can actually help your business succeed. Here’s…  Read more

When you run a small business you likely want to spend as much time as possible on the tasks that make money for your business. Unfortunately, there are many day-to-day chores that require your time but aren’t necessarily worth your energy. Faced with those errands, many small business owners either spend their valuable time and energy on chores they hate or put them off until the last minute. That’s where…  Read more

The “overwork epidemic” is a serious problem world-wide. In Japan, there’s even a word for it; to die by karōshi is to suffer a heart attack or stroke brought on by unrelenting overtime and occupational stress. In addition to the negative impact on health and well-being, working too much is bad for productivity. According to a recent study, employees who put in more than 50 hours a week – as…  Read more

All business owners should be aware of their break-even point — that is, the number of units you need to sell in order to cover your operating costs. Once you’ve reached your break-even point, it’s time to celebrate: your business is no longer in the red, and you are officially earning a profit. In this article we will show you how to calculate your break-even point so you can make wise…  Read more

It’s unusual for tax to be a front page issue but right now there are a lot of headlines being generated and a lot of hyperbole being used by many media commentators. This article is an attempt to look past the spin to make sure that you are up to speed with the tax changes that have occurred that will affect you now as well as the proposals that have…  Read more