Well, there’s no time like the present. If you’ve been through the teenage years you are unlikely not to have heard this phrase, and it may or may not bring back good memories! But seriously – if you are thinking about investing in business assets, then 2020 really is a good time. Here are three reasons why: Interest rates are at an all-time low The Reserve Bank of New Zealand… Read more
In the current economic climate, it’s hard to find good news. However, positive economic signals in New Zealand are emerging from recent surveys and stats including improved business confidence, export and job figures. Alongside comes a commitment by the newly-re-elected Prime Minister to prioritise small business recovery and a range of new and existing Covid-19 support schemes. Jacinda Ardern to prioritise small businesses recovery After winning the election for her… Read more
Labour has just had the biggest win in over 50 years and with 64 seats it will be relatively easy for them to make the changes they proposed in their pre-election campaigns. The expectation is that they will go further and faster this term. Whether or not you agree, it’s time to prepare. So, what does a Labour government mean for your business? Personal income tax Labour has announced plans… Read more
With broadening discussions around climate change, we’re seeing more and more businesses dedicating time and energy into the environmental impact of their operations. In the NZ ‘Better Futures’ report, a resounding 90% agreed ‘if I heard about a company being irresponsible or unethical, I’d stop buying their products, or using their services.’ Could the size of your business success relate directly to the size of your carbon footprint? Read the… Read more
New Zealand recorded its sharpest quarterly contraction and officially entered recession as second quarter economic data was released this week. The median forecast of economists polled by Reuters showed GDP shrinking 12.8% quarter-on-quarter in the three months to June. The strict pandemic lockdown measures battered economic activity, but the economy has since somewhat bounced back. Still, there is a lot of uncertainty ahead. Let’s look at what’s happening to help… Read more
The pains caused by a recession can be excruciating, which is why most of us dread the thought of it. A recession can mean layoffs, jobs becoming harder to find, and wages frozen, which means consumers hunker down and spend less– often worsening the economic slowdown. For most businesses, especially small businesses, recessions can be brutal. For example, the Global Financial Crisis (GFC) that struck the world in 2008. Between December… Read more
We know that the recent return to COVID-19 lockdown level 3 in Auckland is unfortunate news for struggling businesses, especially in the retail and hospitality sector. As distressing as this is, we’d like to point you in the direction of ways you can cushion the pandemic’s economic impact – some of which you may not have heard about. We also through a couple of interesting COVID-related articles into mix. Business… Read more
As a lawyer, doctor, surveyor, IT specialist or other professional business owner, the task of accounting for your specific industry can take you out of your comfort zone. Not only do you require basic accounting services, but you need expertise and tools that can cater to the requirements of your particular profession. Why use a specialist accounting firm? While all accountants train to work with numbers, a specialist accounting firm… Read more
All businesses need accounting services, however an astonishing number of business owners are attempting to manage accounting on their own. Now the good old ‘Kiwi DIY’ attitude has its place, but with all due respect, professional accounting practices are not easy to fashion out of number eight wire! So let’s break down how having professional accounting practices will up your business game. Depending on the nature of your business, you… Read more