Blog

5 reasons you should consider co-working space for your small business

Posted by The Accounting Hub
on July 5, 2019

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 [read more...]

Latest stage of Inland Revenue’s tax system upgrade

Posted by The Accounting Hub
on May 24, 2019

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 [read more...]

4 questions you should ask your accountant

Posted by The Accounting Hub
on May 17, 2019

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 [read more...]

Why your salary should be your business’s first monthly expense

Posted by The Accounting Hub
on May 9, 2019

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 [read more...]

Can a virtual assistant help your business?

Posted by The Accounting Hub
on April 26, 2019

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 [read more...]

Could a four day week help your business thrive?

Posted by The Accounting Hub
on March 25, 2019

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 [read more...]

Do you know your break-even point?

Posted by The Accounting Hub
on March 8, 2019

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 [read more...]

Property taxes – what’s going on?

Posted by The Accounting Hub
on February 28, 2019

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 [read more...]

Value based pricing vs charging by the hour

Posted by The Accounting Hub
on January 29, 2019

Ever heard the story about the engineer who fixed the broken machine with a single tap of his hammer? He sent his clients an itemised bill for his work: Tapping with hammer: $5 Knowing where to tap hammer: $95. This [read more...]