Accounting and Tax

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5 Ways to Boost Your Cash Flow

Budgeting and Forecasting Process Roadmap

Can your business succeed without a budgeting and forecasting process?  The answer is…probably, yes.   Good budgeting and forecasting processes are two important steps to skilfully run your business and achieve your financial goals.   The recent COVID-19 pandemic has put many businesses under significant financial pressure.  Here are nine ways to help you develop a simple […]
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Why Cashflow is Critical for Your Business

Managing your business without a cashflow forecast is like driving with your eyes shut. You’ll probably be able to survive a short distance. But it’s dangerous and you won’t notice the danger until it’s too late. So what is cash-flow, why is it so vital, and how can you ensure you stay on top of […]
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COVID-19 GOVERNMENT SUBSIDIES

I hope you and your families are safe and well.  On day 1 of our national lock-down, many of you are wondering how the New Zealand’s government’s wage subsidy will work.  This article tries to give you a summary, although please don’t shoot the messenger as we are all trying to understand these new measures. […]
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Why retailers need to understand financial metrics

If you operate in the highly competitive and fragile retail landscape you’ll need more than a basic grasp of accounting. You must know which financial metrics affect your business and how to measure and monitor them. This article highlights four common financial metrics that every retailer should be reviewing every month. It also explains what […]
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Rental Property Accounting Basics

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New GST Rules for Offshore Suppliers

The number of non-resident businesses selling products and services via the internet is increasing. Recently introduced legislation seeks to preserve a sense of fair play for Kiwi retailers. Kiwi retailers have suffered because many New Zealanders have bought goods and services from offshore suppliers free of GST. The “GST Offshore Supplier Registration and Remedial Matters” […]
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Understanding Small Business Accounting

Accounting doesn’t have to be a chore

Chances are that you’ll not perform cart-wheels if I mention the words virtual accountant or accounting! Unless you enjoy working with numbers or you’re either a bookkeeper, accountant or virtual accountant, you’ll probably turn your nose up at the very sound of the word. That’s okay.  You’re not alone.  A high percentage of small-business owners […]
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Business partners

Considering Bringing On A New Business Partner?

There are myriad reasons why you might want to introduce a new business partner.  Among these reasons are: You may be planning to retire; They’d provide additional funds to expand the business; They may bring skills and experience that you don’t have; You want to share the workload. It’s a big step, particularly if you […]
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