When it comes to financial terms, sometimes it can feel like you are immersed in a foreign language. What is gross profit? How many different taxes are there? And why are there SO many acronyms? You’d be forgiven if you felt slightly confused by it all. Luckily, your...
As your business grows, the inevitable truth is that you will need people to help you run it. There are only so many hours in the day, and you might be able to do everything yourself now, but that might not last much longer if you reach capacity. So, who should you...
As a business owner, staying on the right side of the IRD is like staying on the right side of the law as an individual. You do everything in your power to make it happen! But sometimes, you might find that you have some IRD trouble to deal with. It might be overdue...
GST is a normal part of life here in NZ. We all know that we pay GST as part of the price of things we buy. But when it comes to sorting out GST as a business owner, it might be a tad more confusing. You have a responsibility to the IRD to ensure your GST returns are...
The end of the month seems to roll around quickly when you run a business. It might be a time for celebration if you’ve had a good month in business. Or, it could be when you plan to tighten your belt because the cash flow isn’t great. Unfortunately, you won’t know...
No one likes a mess. Messy teenage rooms, dishes in the sink, wet towels on the floor… all annoying. But, as a business owner, no mess is more frustrating than messy accounts. Like those other household messes, it can be easy to let your accounts fall into disarray....
As a business owner, it’s frustrating when you don’t get paid on time. It can be stressful waiting for your money to show up. Unfortunately, many invoices are paid late. This can negatively impact the cashflow of your business and your ability to operate how you want...
It’s that time of year again… Before we know it, Santa will be sliding down the chimney and dropping off Christmas gifts to the good little boys and girls. Unfortunately, Santa doesn’t do double time and drop off corporate gifts at the same time. The ball is in your...
Let’s face it, end of year financial planning was never a fun task, but Covid has made it even more challenging! Your goalposts probably shifted at least a few times in the last 12 months, you may have debt to pay off, wage subsidies to factor in, or perhaps you’re...
The next financial year is fast approaching – and while it may not be as fun-filled as January’s New Year festivities, it’s still an important milestone for business owners. In spite of the challenges, your business has survived another rough year. And while you...
What’s the worst part about running a business? If your answer includes any financial tasks, you’re not alone. Bookkeeping, accounting and taxes are among the most hated business tasks, with 40% of small business owners categorising them as their number one peeve....
Hiring a bookkeeper can be a real game-changer for your business. Not only will they save you precious hours every week, but the peace and mind of having your finances organised and streamlined will save you a pile of stress, too. However, although the decision to...