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...
Technology has connected the world, making it easier for small businesses to become global. But running a business that extends beyond NZ’s borders comes with a unique set of challenges, including dealing with multiple currencies in your accounting. Luckily, there are...
Starting any business requires a leap of faith. All the research, planning and preparation in the world can only go so far. There are always unknowns – in our personal lives, in consumer habits, and in the economy. In some cases (as revealed by the pandemic events of...
Invoicing may not be the most exciting task in your business, but it is one of the most important. Sending out invoices promptly and receiving payments on time keeps your cash flowing and helps everything in your business run smoothly. But just because invoicing is...
Working from home has many benefits: no commute, a fridge full of food nearby, and the chance to hang with your pets all day! Besides those perks, there are financial benefits, too. If you have a home office, you can claim a number of expenses at tax time....
Bookkeeping is one of the essential tasks you need to get right for your business. But that doesn’t mean it’s easy. If you try to rush through your bookkeeping or play it by ear, you are putting your business at risk. The figures and reports generated by...
Delegating the day to day management of your finances is a smart move, but if you decide to do so, you need to be strategic about who you delegate to! After all, it makes no sense to ask a gourmet chef to mow your lawn! The same goes for your accountant. While...
If you are not a numbers person or are short on time, you may find it a total drag to keep up to date with your finances. That’s why outsourcing is a lifesaver for many business owners. Having someone else take care of the time-consuming day to day stuff means you can...
There are a good number of tasks we outsource from our personal lives on a regular basis. You’d be hard-pressed to find someone who routinely cuts their own hair, or does their own legal work. Even hairdressers will put down their tools and allow another hairdresser...