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...
When it comes to business admin, some tasks are definitely more fun than others. Receipting money and working with clients you love are definitely tasks that top the list of good jobs. However, one task that commonly draws groans and is accompanied by a hefty helping...
The Goods and Services Tax – known to kiwis as GST – has been in action in New Zealand since 1986. As a consumer, we are used to paying it as part of the purchase price for just about everything. But as a business owner, it’s important to give it a little more...