Post lockdown business planning: how we can help

As a small business owner in the midst of the global pandemic, you’ve probably had to make changes to your business model. Whether it was hosting meetings with clients on Zoom, learning about encryption technology to allow employees access to sensitive information from home, offering restaurant food for take-out or managing dance classes online, most small businesses adapted in some way. So post-lockdown, now what? You may need to: revisit…  Read more

Hubdoc & Xero: reduce mistakes & audit-proof your business

Many of our clients view document storage as a low priority job and rely on their email file or pieces of paper to store invoices associated with expenses that they are claiming. Although it’s tempting to work this way its actually really important that the documentation for every transaction is kept and also that the GST treatment for every transaction is looked at. From time to time we see costly…  Read more

Tax compliance: how to have a happy relationship with IRD

There’s no two ways about it; if you run a business, then you might as well embrace your relationship with Inland Revenue as it’s not going anywhere! Whether you’re in the retail sector, or professional services, what will help this relationship from spiraling is the same: IRD like to see clear-cut systems around record keeping that remove room for error and miscalculation. Easy, right…? What are ‘business systems’? When we…  Read more

Covid-19: running a not-for-profit in a changing world

Every not-for-profit organisation will have had different experiences over the last couple of months during the ongoing global pandemic. But most will have experienced a reduced ability to raise funds through traditional methods and have had to make difficult decisions to suspend events or fundraising activities. Your organisation may also have been hit as gaming trust funding dried up with pubs, clubs and bars shut. The not-for-profit sector provides an…  Read more

How cash flow forecasts can help your business

Managing cash flow is a vital part of running a successful business especially in the current economic climate. Some business owners think managing cash flow simply means keeping track of how much money enters and leaves their business, but there’s actually more that goes into it. Cash flow forecasting, for example, is an incredibly valuable tool that helps you anticipate cash flow issues, plan for days when your cash flow…  Read more

Life after lockdown: tips for the new world

After spending almost five weeks in level 4 of the COVID-19 lockdown at home and enduring strict sanitation and supermarket rules, many are finding the ongoing crisis overwhelming. Don’t worry, you’re not alone, and it’s not uncommon to feel overwhelmed from the drastic changes we’ve had to make to our daily lives. That’s why we’ve made a handy list of tips and tricks to help you handle the new world…  Read more

Fast facts on the temporary loss carry-back scheme

If you’re a New Zealand business that has been affected by the economic volatility which COVID-19 has brought, you may have already heard about the COVID19 temporary loss carry back scheme which the New Zealand government rolled out in the week beginning 27 April. This bill has been developed to take the financial strain off businesses who may have large amounts of tax to pay, but expect to, or are…  Read more

Covid challenges: we’re here to help

Hopefully this finds everyone well in their bubbles. It’s great to hear that as a country we seem to be on top of this virus and that we will drop to level 3 in a few days. Right now it seems like we are in one of the best places in the world. Challenges ahead Obviously though there are serious challenges for the small business owners, contractors and rental property…  Read more

COVID-19: useful resources and links for your business

Over the course of a few weeks nearly everyone’s business and life has been turned upside down. It’s been a crazy time with toilet paper shortages, businesses forced to close, an overload of information (and mis-information on social media). With the recent disruption in mind, we wanted to help support you however we can. We’ve seen many of our clients already impacted by the virus and decided to put together…  Read more

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