As a business owner, you know that you need an accountant. After all, who will do your taxes at the end of the year without a numbers whizz? But then, the term bookkeeper gets thrown in the mix… what do they do? Bookkeepers and accountants both look after the various aspects of your business finances. […]
Being savvy with your finances is at the heart of every successful business. To make your finances work there are some key elements that you need to make use of. A financial forecast is one of those things. A financial forecast is an essential tool for any business. It predicts your future financial state, tells […]
Do you have clients or customers who are not paying their bills on time? This can be one of the more awkward things about running a business. It can also have negative impacts on day-to-day operations if cash flow is constantly tight, especially in small businesses. But what can you do about it? How can […]
Do I need an accountant or a bookkeeper? Do they do the same thing? Don’t they work in competition with each other? These are questions that we get asked all the time. To be perfectly honest, accountants love it when you have a bookkeeper. The jobs each profession do are completely different, but do work […]
Financial reports can be a bit overwhelming. With columns of numbers everywhere, coding, and subtotals, it is hard to decipher what they all mean. But your profit and loss statement is a pretty key report to understand. If you only learn about one aspect of financial reporting, then your P&L is a good place to […]
Financial Considerations For Having A Company Vehicle Love the idea of having a shiny new company car or van to cruise around town in but not quite sure how it works and what you need to consider? As much as the idea is appealing and you might think you can write off all the expenses […]
One of the biggest time suckers for a small business is trying to maintain your finances. That is why hiring an accountant to manage them for you is a smart move. You give yourself extra time and energy to focus on the important aspects of growing your business. However, if you don’t utilise or support […]
What do clouds, rainbows and accounting have in common? Normally those are three things that you wouldn’t necessarily hear in a sentence together. But cloud-based accounting really can make rainbows appear in your business. And that is why we think you should embrace it wholeheartedly! Let’s face it; if you are self-employed or running your […]
Do you know how healthy your business is? Could you say with confidence how much money is in your surplus budget, that all of your expenses are accounted for, and that there is little chance of a nasty surprise popping up? If you answered no to any of that, you need to be monitoring aspects […]
T… A… X. Three little letters that can strike fear into the heart of any small or medium business. And what about all those other acronyms… FBT, GST, IRD, ACC, and PAYE. But is tax really all that scary? Your business tax does not have to be an unsolvable mystery. Let’s have a look at […]