Business health check

Six ways to ‘do good’ by your staff Celebrate!  Write down one thing you’ll do in the next six months to reward your team. Book in staff performance meetings now because setting and revisiting KPIs ensures everyone’s on track. Lock in 30-minutes to revisit your strategic plan this month.  List three things you can do as a team to stay competitive and grow your business. Write the steps you’ll take…  Read more

Hiring? Look for traits not talent

Soft skills are the personal qualities that make people easy to work with and they’re key for business success. Here are six important soft skills and the best open-ended interview questions you can ask to help find out whether a candidate is right for your business. Communication:  Give me an example of when you had to deal with a difficult team member.  What did you do to communicate properly? Adaptability:  Tell…  Read more

Payroll Pain Relievers

With New Zealand ranking as one of the most complex payroll environments in the world, it’s no wonder many Kiwi employers choose to offload payroll headaches to bookkeepers, accountants, or payroll intermediaries. This trend is picking up steam: with Inland Revenue’s “Payday Filing” scheme kicking off 1 April 2019, instead of reporting PAYE to Inland Revenue on the 20th of the following month, you’ll need to report every payday (though…  Read more

It’s time to gear up for payday filing

Hundreds of Kiwi business owners are enjoying the benefits of payday filing – are you? If not, you’ll need to be by 1 April when payday filing becomes compulsory.  Now’s the time to work out how you’re going to integrate it into your payroll processes and save time on your tax obligations. Payday filing means you need to: File employment information every payday instead of an Employer monthly schedule (IR348).…  Read more

Heard about the new Domestic Violence – Victims’ Protection Bill?

Here’s what it means for you. #FACT New Zealand police respond to 270 domestic violence incidents every day and it’s estimated that’s only the tip of the iceberg – with 80% of incidents going unreported. #FACT Did you know domestic violence already costs New Zealand workplaces at least $368 million a year due to higher turnover and lost productivity?  Addressing the problem directly will be better for business and victims…  Read more

10 Daily Habits of the Rich and Powerful

  It’s the little things that make up the big things. Here’s a list of ten traits of some of the movers and shakers in the world today (and from the past).   1. They Stay Healthy Health is make-or-break.  If you have it, your life will take on meaning like you couldn’t otherwise know; but if you don’t have it, you will only accomplish a comparatively small percentage of…  Read more

Protect Yourself and Your Data – Proactive Steps for Living Safely in the Digital Age

These days your personal data is everywhere, and that information is valuable to marketers, hackers and everyone in between.  If you want to prevent the unauthorized use of your personal information, you need to take a proactive approach to protecting yourself and your identity. You can no longer afford to be blasé about your data security – if you are not taking proactive measures to prevent the use of your…  Read more

10 tips to reduce debtor days for small business owners

Steady, reliable cash flow is crucial for the survival of any small business – so taking steps to ensure your customers pay promptly should be a key priority. When your clients consistently pay on time, you’ll avoid the dreaded “feast or famine” cycle.  You’ll be able to pay your vendors, suppliers, and employees on time – and not least of all, yourself. Implement these ten tips now to start getting…  Read more

What to do if you get audited

No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – an official request by the tax authority to review your accounts and confirm your taxes have been paid to date – don’t panic.  Prepare. These four steps will help you get through the process with minimal stress and the best possible outcome. Respond promptly If…  Read more

3 Mistakes That Strangle Growing Businesses

Businesses want to grow and help a larger audience, but too many make mistakes that cripple their growth.  Even worse, they keep repeating them!  Don’t do the same; avoid the blunders outlined below. Hiring Toxic Personalities Businesses hire more staff as they grow.  But if they expand too quickly, they will feel pressure to fill positions on their team, even if the job candidates have a few personality flaws.  While…  Read more

How to set payment terms if you’re a freelancer or contractor

Following up on late or non-paying customers is no freelancer’s favorite task.  Which is precisely why you need to set payment terms up front – and in writing – before you work with a new client or customer. By communicating and agreeing on the non-negotiables for doing business with you, you’ll avoid awkward misunderstandings, frustrating disputes, and in most cases, the ugly hassle of debt collection. These tips will help…  Read more

How to handle maternity and paternity leave

“Competitive advantage” may not be the first words that come to mind when you think about employees requesting parental leave. For young professionals, however, the option to enjoy time with their new additions can be a very attractive perk – more attractive than health insurance, pensions, and the retirement packages large companies can offer. If attracting top talent and nurturing employee loyalty are important to you, read on.  This article…  Read more

How to learn from failure in business

Ask any successful entrepreneur about their path to greatness and you’ll get the same answer: failure is an inevitable part of the journey. It took Thomas Edison 1,000 failed attempts before he finally invented the light bulb. Tim Ferris received 25 rejections before his bestselling book, “The 4 Hour Workweek” was finally published and sold millions of copies. It’s a fact that 20% of businesses fail in their first year…  Read more

How to get professional business stationery on a tight budget

If you’re like most budget-conscious companies, any opportunity to grow your business while saving a few dollars is a win. These tips will help you create professional business stationery that builds trust in your brand, promotes your company, and helps market your services without breaking the bank. Explore cost saving DIY options As you consider your business stationery options, if you’ve already got your brand’s visual identity down, you’re halfway…  Read more

Business Health Check

Do your Christmas housekeeping! Chase up unpaid invoices to encourage payment before Christmas to get cashflow off to a good start for the New Year. Make sure your voicemail message and website mention closing date info and emergency contact details.  Who’s responding to work related emails while you’re on holiday? Is payroll all set up for the holidays?  Don’t leave it till the last minute and double check your calculations.…  Read more

Holiday cashflow blues

Many businesses start to worry about their bank balance around now.  The holidays looming recall unpleasant memories of last year. All the regular expenses (wages, rent, suppliers and so on) are still due, but the people who pay you are either away on holiday or slow payers awaiting payment themselves. Instead of a relaxing break the holidays can be filled with stress.  The brutal facts are that December/January are the…  Read more

How to enjoy all the bells and whistles without the tax headache

Parties and gifts are all part of the festive fun but they can cost a small fortune. Here’s a list of the rules around entertainment expenses so you know what’s deductible and non-deductible before you fork out for your staff and customers. To claim 100% of your customer gifts, keep it non-food or drink related.  Book vouchers, tickets to a sports match or a personalised calendar can be claimed in…  Read more

Checklist: Can your business survive the holiday period?

While the Christmas/New Year period is traditionally a slow time of year for business, you still need to meet your expenses. Ensure your bases are covered before you clock off for the year. 1. Plan ahead Do a budget to figure out how much you are going to need to cover your overheads.  This is especially important if it’s going to be several weeks before you start earning a crust…  Read more

Are you in charge of keeping the office or work-site safe?

Locking the doors is one thing but you need to take extra steps to ensure your workplace is safe and secure before you head away this Christmas.  The last thing you want is for someone to access your work space and hurt themselves. Take time to check every square inch of your work environment, inside and outside, so you can rest assured nothing will go wrong while you’re away. Manage a…  Read more

How cyber-secure are you?

Blackmail, extortion and identity theft might sound like something straight out of a blockbuster movie but cyber crime is not only a reality, it’s on the rise and research shows the average Kiwi business isn’t prepared. Is New Zealand really under threat, we’re so far away! Unfortunately ‘out of sight, out of mind’ doesn’t apply to cyber criminals.  More than a quarter of Kiwi businesses surveyed by Grant Thornton in…  Read more

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