Choosing the right accounting software can make a world of difference for your business. The right tool helps you stay organised, save time, and reduce the risk of errors, but with so many options available, it’s easy to feel overwhelmed. Start With Your Business Needs Before diving into features, think about what your business […]
The end of the financial year (EOFY) is a crucial time for businesses to finalise accounts, meet tax obligations, and set the stage for the next financial year. Here’s a simple checklist to ensure you’re financially prepared before March 31. Don’t worry, if you are one of our clients we will email you a thorough […]
A steady cash flow is the lifeblood of any business, and one of the easiest ways to keep it flowing smoothly is by mastering your invoicing process. Here are a few simple invoicing tips to improve cash flow: 1. Set Clear Payment Terms Make your payment terms clear from the start. Specify due dates, late […]
Tracking business expenses might seem daunting, but with a few simple habits, it can become a natural part of your routine. Staying organised month-to-month not only reduces financial stress but also helps identify spending patterns and potential savings. 1. Set a Weekly Expense Check-In Dedicate a few minutes each week to log your expenses. A […]
As a business owner, whether you are just starting out or have been in business for a while, you know that running a successful business requires more than just passion for your product or service. It also requires a solid understanding of financial reporting. Running a business without financial reporting is like a ship without […]
On 21 March 2022, the Small Business Cashflow Scheme (SBCS) loan amount increased to $20,000 (from $10,000). The scheme was originally introduced to support small to medium businesses and organisations struggling with a loss of revenue due to COVID-19. The eligibility criteria have not changed. Your business must have: no more than 50 full-time equivalent […]
Started in July 2007, KiwiSaver is a voluntary retirement savings scheme to help you save for your future. Available for all New Zealand citizens and permanent residents living in NZ, it is run by independent providers who you choose to manage your savings. These providers invest their members’ KiwiSaver funds to make a greater return […]
We’ve been hearing the word inflation used a lot over the past few months, but what does it actually mean and how does it affect you and me? You might think that inflation just means things cost more, and in simple terms that is correct. The problem arises when your income doesn’t rise in […]
Tax time is just around the corner and this last year hasn’t exactly been an easy one for most NZ businesses. What with lockdowns, supply chain issues, and inflation, it’s nice to know that the Government understands the effect that COVID-19 has had on small businesses and is providing tax relief and income assistance […]
Everybody loves a deal, don’t they? We’ve made it through Christmas and the Boxing Day sales, next up is the New Year sales, followed by Waitangi Day deals, then Valentines Sales, the list goes on. It almost seems like consumers would be crazy to pay full price for items when they can just wait […]