Welcome to our blog

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

The IRD is looking to change the way tax looks for small businesses – be sure to have your say

Posted by Graham Lawrence on July 08, 2016

The IRD is in the process of transforming its operations to make it faster and easier for New Zealanders and businesses to pay the right tax and receive the entitlements they should.

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Topics: Tax

What does a strong balance sheet look like & why is it important?

Posted by Ash Clarke on June 03, 2016

Businesses with strong balance sheets are more likely to survive economic downturns and be ready to thrive when the going gets good again. So what does a strong balance sheet look like, and how can you take steps to strengthen yours?

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Topics: Financial Reporting, Financial Management

The importance of protecting business assets

Posted by Matt Smith on June 01, 2016

When it comes to looking after your business assets, safeguarding against risks is your best protection. Here are five tips to minimise potential risks for everyday businesses. 

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Topics: Financial Management

What is the true cost of external finance?

Posted by Karl Bennett on May 26, 2016

Taking on external finance is a necessity for most growing businesses. However, business owners should have a robust understanding of the pros and cons of external finance before entering into an agreement, and have a repayment strategy in place from the beginning.

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Topics: Financial Management, Raising Capital

Is your business in financial trouble? How to spot the 'Red Flags'.

Posted by Matt Smith on May 24, 2016

Keeping the balance sheet “out of the red” is a top priority for any business owner. To do this and “stay in the black”, it’s important to be regularly scanning the horizon for any signs that you could be heading towards rough financial waters.

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Topics: Financial Reporting

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