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...
Your bookkeeper is one of the most important people in your business. They keep track of your cash flow, help your staff get paid, make sure your invoices and bills are sorted, and keep tabs on all your financial data on a day to...
Do you struggle to focus, have a never-ending to-do list, and go home feeling like you somehow wasted half your day? You're not alone! It's a common complaint in today's fast-paced world. But don’t fret; the solution to your productivity woes is simple yet effective....
Congratulations! You’ve made the decision to outsource your bookkeeping. But how do you know your new bookkeeper has the skills you need to provide you with the best support possible? With no industry requirements, anyone can call themselves a bookkeeper. Even someone...
How much should I pay myself? It is a question that many business owners ask themselves. And deciding what that number should be is rather tricky. Unfortunately, there's no set formula for working out the exact number. It depends on an interlinking range of factors –...
Never in history has it been easier to operate a business without paper. The world is digital, which means life – and running a business – is easier, faster, more efficient, and most importantly, better for the planet. So, that means you don’t have to keep dusty old...
As a business owner, endless lists of tasks eat up your precious time every week. Regardless of the size of your business, payroll is one chore that tends to result in procrastination and tension headaches. However, this essential task shouldn’t be put off! Getting it...
Do you know the difference between profit and cash? It’s all money, right? Technically, it is all money. But it is not the same kind of money. Many people assume profit and cash are one and the same. But in business, they are very different metrics, each with a...
Every business owner needs something of a DIY attitude to succeed. This particularly true in the early days of a new venture. And as Kiwis, we are perfectly equipped for a bit of DIY on any occasion. All we need is a bit of number 8 wire, right? Or maybe some duct...
When you first get into business for yourself, it often makes perfect sense to juggle every business task single-handedly. However, as your business takes root and begins to grow, wearing all the hats starts to become a less than ideal endeavour. If you are...
How certain are you that every aspect of your financial management is legally compliant? Are you cross-your-heart-and-hope-to-die, 100 percent sure? Reasonably confident that you are probably doing the right thing? Or no idea, stab-in-the-dark and cross your fingers...
Regardless of how big or small, or how new or old, your business is, getting your finances sorted is vital. Failing to get these basics in order is like setting off for a run without tying your shoelaces. You might make it through the front door if you're lucky, but...