Up your business game: professional accounting practices you should adopt

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

What business leaders have learned during COVID-19

In the last few months, we have done more online shopping, curb-side pick-up, and Zoom workouts than ever before, and it is pretty clear that the global business landscape has changed. Perhaps forever. Through it all, entrepreneurs and business owners have reduced, enhanced, retargeted and outright pivoted their product and service offerings to evolve in the face of change. This global response to the pandemic will define the way we…  Read more

Post lockdown business planning: how we can help

AUGUST UPDATE: Fully funded support is available through the Regional Business Partner Network. Please talk to us to see if you are eligible to apply. Read more below. 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…  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

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