News

Business in lockdown, time to work on it not in it.

Covid has created a difficult problem for manufacturers and retailerss, stock levels verses cash flow.

The three most important tools that a business can have in its toolbox are Business Plan, Cashflow Forecast and Management Accounts. No I hear you scream, marketing and sales are what keeps a company alive! That is true but without the first three you can’t have the last two.

"Business in lockdown, time to work on it not in it" should be your catch cry at the moment.

At a time of global or national crisis it is understandable and normal for the worries and problems to overwhelm and to block the ability to step back and take stock. Here are some things you need to consider and start taking control.

Accountants Questions: why do they ask so many questions? Your Accountant has the obligation and duty of care to ensure that they are doing the best for their client in compliance and advice, to do this they must confirm that the information to hand is correct, complete and not assume anything. Whilst you may think what you have sent them or told them is self-evident and obvious, your Accountant doesn’t have the luxury of making an assumption and they will therefore ask for confirmation or clarification if it is in their view necessary.

5 tips to help your business survive the seasonal stress as Christmas, and the associated seasonal problems, are real but with a little planning they can be overcome or at least minimised.

You have to spend time, effort and money to prepare accounts – you don’t have a choice as it’s a statuary requirement, so why not use the information contained in your accounts to make sound business decisions. It’s like owning a car, yes you can put petrol in and drive for quite a while but unless you service the car eventually you are going to have problems. Management accounts are like a service for your business.

Do you want to grow your business? Do you want time to look after clients? Having your bookkeeping done for you can free up time to build your business.

Want to understand ACC and the alternative options?

Fuel tax increase, can a business claim it back?? Well the answer is yes and no. Firstly excise tax is applied to petrol to help fund roading costs and repairs… Fuel tax increase, can a business claim it back??

    How to pay income tax when it suits you, not when IRD tells you to When cash flow is important or our clients just don’t have the money… How to pay income tax when it suits you, not when IRD tells you to

Are you going on maternity leave but intend buying your first home soon, Kiwisaver & HomeStart grants have some things you need to know

Guide for small business surviving Christmas plus some suggestions to get you through this tough time.

What can small business learn from Team New Zealand? So they had a challenge. They had a small population to draw talent from, a small budget and a need to compete against… What can small business learn from Team New Zealand?

Where are your accounts being done, NZ or overseas? When you engage an accountant or bookkeeper in New Zealand you assume that they are doing your accounts however you may be… Where are your accounts being done, NZ or overseas?

What should you consider if you're thinking of renting out your house when you're on holiday

Missing valid tax deductions? Claiming your credits for donations?

Have you got tax debt that you need to pay now? Consider tax pooling, we discuss it here

Contras or bartering - is it a good idea? Why not!

Are you in a trade? Needs some Trades help? Here are some things to consider for the long term survival of your business.

Know all the new Xero features? Getting the most out of Xero? Time for a Xero review?

Need help dealing with the IRD or tax, we can contact them to sort problems

Everybody has to do accounts so turn them into a business tool rather than a chore.