As a business owner, you often find yourself pulled in different directions by competing responsibilities. It can feel daunting to classify tasks and tackle the most time-consuming ones first. But why is it so hard for us to start – […]
The New Zealand banking industry is working together to launch a new Confirmation of Payee service. The new service enables you to check if account names and account numbers match before making a payment. What is the Confirmation of Payee […]
Working hard can only make you more money but does not grow your money or keep it safe. And that’s where investing comes into the picture: it fights inflation, grows money multiple times, and can help secure your future. Here […]
If your company is experiencing rapid growth, you might find yourself navigating a good news/bad news situation: while your sales figures climb, managing cash flow becomes increasingly complex, pushing you to seek additional financing to meet the rising demand. […]
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Procrastination can be a formidable foe for small business owners. With endless responsibilities, it’s easy to fall into the trap of putting off important tasks for later. But fear not! Here are some practical solutions that can help you […]
Understanding financial statements might sound daunting, but it’s crucial for small business owners to stay on top of their game. Each financial report offers unique insights into different aspects of your company’s health. This listicle will break down the […]
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In the wake of the pandemic, many small business owners have become increasingly concerned about fraud. According to SAP Concur, a staggering 85% of businesses surveyed expect the risk of fraud to continue even after the pandemic. Making matters […]
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When you run your small business, you have a lot on your plate. That makes it tempting to let some tasks slide, especially tasks that are related to finances, which can be challenging and often outside your preferred skill […]
Read More… from Small business savvy: tips for managing your business finances
As a business owner, you’ll need to stay informed about your finances and your financial situation. You do this through bookkeeping. Bookkeeping is the process of recording transactions in your business. This includes any transactions, credit card charges and […]
The Government has announced changes to personal income tax thresholds that came into effect from 31 July 2024. If you employ people in your business, it’s essential to be aware of these changes and understand how they impact […]
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Welcome to our Business Update for 18 July 2024 – stay in the know with some recent news updates relevant to business and the economy. Inland Revenue to spend $29m on chasing tax cheats Inland Revenue will spend $29 million […]
When you run your small business, you have a lot on your plate. That makes it tempting to let some tasks slide, especially tasks that are related to finances, which can be challenging and is often outside your preferred skill […]
In the world of small businesses, positive cash flow is king. It’s the driving force that keeps your business engine running smoothly, covering all your liabilities. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival […]
Stay in the know with some recent news updates relevant to business and the economy. What is happening with the NZ housing market this week? Policy changes, a steady OCR rate, low construction costs, and the high cost of home […]
Inflation – it’s a word that’s been on everyone’s lips recently. Rates are on the rise, and our small business community is feeling it the most. Increased supply costs, a lack of workforce, and dwindling profits are among the […]
So, we’re officially in the thick of a cost of living crisis. This presents a challenge for entrepreneurs and is a nerve-wracking time for many small business owners. If you’ve had sleepless nights worrying about how you’re going to pay […]
Read More… from How do I adapt my small business strategy in the midst of a cost of living crisis?
If you’re a business owner or taxpayer in New Zealand, you’ve likely encountered terms like ‘no GST’ and ‘zero-rated GST’ transactions. These terms refer to specific tax treatments under the Goods and Services Tax (GST) system in New Zealand. […]
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NZ may get away with economic ‘soft landing’, forecasters say New Zealand appears to be on track for an economic “soft landing” and should avoid another recession, Infometrics says. A way of ensuring our survival: Kiwi booksellers band together to take […]
In the world of business, one constant factor you are likely to encounter is change, particularly in the financial landscape. One such change that can bear significant implications for small businesses is rising interest rates. Understanding how this impacts […]
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IMF report concludes New Zealand economy faces year or more of tepid growth The economy faces a year or more of tepid growth but could find itself in a deeper recession for longer if inflation is not brought under […]