Optimising your health care practice accounting systems

Here at The Accounting Hub we have our fingers on the pulse of accounting systems for health care professionals. We work with doctors, health specialists and clinic administrators to help health care centres operate smoothly behind the scenes. Running a medical centre, and taking care of patients, can mean long, demanding days that are filled to the brim with action. The professionals we work with want to focus on their…  Read more

The do’s and don’ts of claiming home office expenses

Sssshhh, can you hear that? That’s the sounds of the home office a.k.a mega productivity, peace and quiet, comfort and silence! Home (office) is where the heart is Studies show remote or home-based workers are more productive, better for the environment (no travel emissions), are happier and healthier (have less sick days and less time off) and churn out quality work because it is nice and quiet and un-interrupted. Best…  Read more

Avoid these 5 costly accounting mistakes

A Canadian bank recently surveyed over 500 small business owners about what they love and hate most about owning their own business. Unsurprisingly, flexibility and feeling in control ranked first in the “love” category. Meanwhile, almost 60% said bookkeeping was hands-down their most hated task. Most business owners understand that effective financial management is key to their success. But lack of knowledge, frustration, and even avoidance can add up to accounting…  Read more

3 tech savvy Kiwi business we think you should know about

Here at the Accounting Hub we love innovation and cutting edge ideas. We are very lucky to work with some super cool businesses. We love business owners who think differently and find smart ideas on the edge of what is possible. Here are a few other businesses we have been reading about who are using technology to its best advantage. SwiftMed SwiftMed, quite simply, is an online doctor. This Kiwi…  Read more

Property investors: ringfencing of rental losses now in place

In an effort to level the playing field between property speculators/investors and home buyers, speculators and investors are no longer able to offset tax losses from their residential properties against their other income (eg salary or wages, or business income) to reduce their income tax liability. This legislation is known as ring-fencing of rental losses. The new rules limit a person’s deductions for expenditure incurred in relation to residential land…  Read more

Managing your small business finances 101

If you run your own enterprise, there’s a good chance that going into business had a lot to do with money. But once you’re actually in business, finances can pretty quickly become overwhelming. So grab a notebook, and set aside a couple of minutes, because we’re starting with basics and breaking down everything you need to know. Here’s our Small Business Finance Management 101! Step one: know why finances matter!…  Read more

Useful financial tools for creative agencies

Creatives inspire. The people who throw passion and colour into the world are often the ones with an incredible interest in many things… except numbers. So it is no surprise at all that finance and accounting are often two things listed by creative agencies as being the biggest challenge of running a business. When all you want to do is share your creative passion with the world, there is nothing…  Read more

What’s a CRM and does your business need one?

Many complex moving parts are involved in operating a profitable company, but at its core, business success hinges on just one thing: customer relationships. Which is why customer relationship management (CRM) software is vital for entrepreneurs who want to grow their businesses. A CRM solution helps your company nurture and improve customer relationships by maintaining centralized data on all your leads and existing clients. With access to a history of customer…  Read more

3 of the best time tracking apps for your small business

Time tracking can be a challenge for any business, and when the efficiency of your small business relies on it, finding the right time tracking app can be more difficult than it needs to be. To help you find the perfect tool for your business, here’s a quick breakdown of three time tracking apps that we recommend, and a few key factors to consider. Why use time tracking? As a…  Read more

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