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Insights and tips that will have a positive impact on your business

Tax credit available for loss making research and development companies

Posted by Graham Lawrence on April 29, 2016

The Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 introduces new rules that will allow companies engaging in intensive research and development activities to cash out their tax losses for research and development expenditure. The new rules underpin the Governments Business Growth Agenda around encouraging business innovation and recognises that research and development is a key element in this process.

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Topics: Tax

What are the 3 main uses of net profit?

Posted by Fono Sosene on April 29, 2016

How should I spend my net profit? This is a question most business owners grapple with when their business starts to run at a profit.

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Topics: Financial Management

Aligning financial and non-financial KPI's to boost your business

Posted by Matt Smith on April 27, 2016

Focusing too heavily on financial KPI’s can actually jeopardise their results. Non-financial KPI’s (explained further below) are mutually beneficial to financial objectives, which means for best results, they should be measured together.

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Topics: Financial Management

Government releases $187m business tax package

Posted by Graham Lawrence on April 20, 2016

SMEs are estimated to make up 97% of enterprises in New Zealand and employ 30% of the workforce, excluding self-employed. Put simply, SMEs play a critical part in the economy and at a time when businesses are striving to better use resources, it is pleasing to see the Government announce a largely positive and pro-business tax package as part of the Inland Revenue’s Business Transformation and as one of the many measures we will see in Budget 2016.

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Topics: Tax, Efficiency

Are your IT resources working for you?

Posted by Aaron Wallace on April 18, 2016

After weeks of setting aggressive budgets for the coming year, all the focus seems to have been on growing top line, yet creating greater efficiencies has often played the poor cousin in developing strategies to grow our gross margin. 

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Topics: Efficiency

IRD Focus - Paper gains causes tax headaches

Posted by Graham Lawrence on April 14, 2016

At a time when the tax landscape continues to change, it appears an old established rule dating back to the 90’s has become one of the focuses of the New Zealand Tax Department's current compliance programme.

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Topics: Tax, Change

How to change accountants - it's not hard or costly

Posted by Fono Sosene on April 14, 2016

Contrary to popular belief, changing accountants doesn’t have to be difficult, expensive or awkward. With the right approach, it can actually be beneficial for all parties involved.

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Topics: Change

How do you know when it's time to change accountants?

Posted by Michael Elliot on April 08, 2016

Deciding to change accountants can feel like a big step, but as your business grows it may become a very necessary one. All accountants have different levels of expertise and what served you well as a start-up may not serve you well as a large organisation.

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Topics: Financial Management

Five steps to creating a financial strategy for your small business

Posted by Michael Elliot on April 06, 2016

A clear financial strategy is key to the success of any small business. It serves as a map for the future, outlining the practical steps you need to take in order to achieve your financial goals. Not to mention it gives you peace of mind that you’re on the right track.

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Topics: Business Strategy

Is it time to change the way you think about corporate social responsibility?

Posted by Kieran Jans on April 04, 2016

While your business has probably thought about the value of Corporate Social Responsibility (CSR), and maybe even engages in some form of it, you might not have considered how it can be utilised as more than just a ‘tick off the list’ initiative that’s expected by modern society.

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Topics: Business Strategy, Change

Five characteristics of good business governance

Posted by Matt Bellingham on March 24, 2016

It’s one thing to have a governance board; it’s another to have a good governance board! What processes can you put in place to ensure your board performs to a high standard? Take note of these five characteristics of good business governance to make sure you’re on the right track.

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Topics: SME Governance

Five tips for better strategic planning in 2016

Posted by Mike Atkinson on March 22, 2016

As the end of the financial year approaches, now is a good time to revisit your business strategy. Below are five tips for implementing an efficient and effective strategy that drives growth and gets great results. 

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Topics: Business Strategy

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