A Beginner’s Guide to Cash Flow Forecasting

Nobody wants their business to fail.  Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your business within a certain period and gives you a clearer picture of your business’ financial health…  Read more

COVID-19 Business Update – 30 April 2021

Upcoming TRENZ Hui 2021 Conference for the Tourism Industry TRENZ Hui 2021, a reshaped version of the country’s biggest annual tourism business event, will be held in Ōtautahi Christchurch on 5th and 6th May.  It has reached its capacity with more than 700 tourism operators registered to attend. This conference is set to prepare the tourism industry for the return of international visitors.  It will focus on generating solutions for…  Read more

5 Personal Finance Hacks To Start Now

Having total control over your finances can give you an amazing sense of freedom. However, it takes a lot of discipline and hard work for you to be able to achieve this.  In this article, we will share some of the most useful tips that you can start now to live a better financial life. Build multiple sources of income Whether it’s through your business, a side hustle, or investing,…  Read more

COVID-19 Business Update – 23 April 2021

New Zealand- Australia Travel Now Open New Zealand and Australia started their first quarantine-free flights on Monday, after successfully keeping COVID-19 transmissions under control. To fly under the travel bubble‘s rules, passengers must have spent 14 days before departure in either Australia or New Zealand.  They must not be awaiting the results of a COVID-19 test, nor have any symptoms, amongst other criteria. New Zealand relies on Australia for 40%…  Read more

Tips for Buying Your First Investment Property

  There are many people who believe that when it comes to investing, nothing beats real estate.  This may be true, but you still have to be smart when making your real estate investment decisions. Although investment properties can be a savvy financial move, there is plenty that can go wrong if you don’t fully understand the market, the types of investment properties, and your current financial situation. 1. Know…  Read more

COVID-19 Business Update – 16 April 2021

Ardern to Border Workers: Get Vaccinated or Be Redeployed Border staff have until the end of April to be vaccinated against COVID-19. Otherwise, they will be redeployed to lower risk roles, according to Prime Minister Jacinda Ardern.  This comes after a third worker from Auckland’s Grand Millenium isolation facility tested positive for the virus. The vaccine programme started in February, with border staff and managed isolation facility workers prioritised for…  Read more

5 Tips to Get Out of Debt Faster

Living a debt-free life is one of the dreams of many people.  However, paying down your debt is easier said than done. Some people struggle to keep up with their monthly bills and become overwhelmed with the amount of debt they have to pay.  In these circumstances, it’s easy to “stick your head in the sand” instead of tackling the issue head-on.  This approach only means you’ll be off track…  Read more

COVID-19 Business Update – 9 April 2021

New Zealand-Australia Bubble Confirmed Starting 19 April 2021, travellers from Australia and New Zealand can enjoy quarantine-free travel between the two countries. This new arrangement comes with caveats including ‘green zone’ airports and flights, wherein flights into New Zealand will have only travellers from Australia on board, and not from other destinations, and the flight crew will not have previously visited any COVID-19 ‘hot spots’. According to Tourism New Zealand,…  Read more

If my business is making a profit, where is the cash?

  Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank.  It’s an important situation to address.  After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons profitable businesses have little money in the bank, and what business owners can do…  Read more

COVID-19 Business Update – 26 March 2021

Vaccine Roll-out Slightly Behind Schedule With more than 41,500 doses of the Pfizer-BioNTech vaccine administered to date and 95% of all border and Managed Isolation and Quarantine workers having received at least their first jab, NZ’s vaccine roll-out is slightly behind schedule. However, the Director-General of Health Dr. Ashley Bloomfield said they’re ramping up every day with additional sites coming online across the country.  A total of 1,300 vaccinators have…  Read more

6 things you should know before filing your EOY Tax post COVID-19

1. New rules to keep cash flowing If money is a bit tight as the financial year draws to a close, here are four tax measures focused on providing and enabling cashflow that you might like to consider: The tax loss carry-back rule, which means if you’re expecting a tax loss for the year ended 31 March 2021, you might be eligible for a refund of provisional tax previously paid for the…  Read more

COVID-19 Business Update – 19 March 2021

Welcome back to our Weekly Digest.  Read on for the latest updates and some ideas to help us all move forward. Auckland Rejoins the Rest of NZ at Alert Level 1 All remaining restrictions in Auckland have been lifted after no locally transmitted cases of COVID-19 were reported for two weeks. The city now joins the rest of the country in Alert Level 1, which means there are no restrictions…  Read more

5 Xero Mistakes Business Owners Make and How To Avoid Them

  If you’ve just started working with Xero, it is normal to make a few mistakes while you’re learning.  We see mistakes that are quite common – and unfortunately costly – so you should be aware of them if you want to get the most out of Xero’s powerful cloud accounting system. 1. Not connecting all the bank and credit card accounts dedicated for your business Make sure that you…  Read more

COVID-19 Business Update – 12 March 2021

  Welcome back to our Weekly Digest.  Read on for the latest updates and some ideas to help us all move forward. Auckland Back to Alert Level 2, Rest of NZ to Alert Level 1 Early this week, Auckland returned to Alert Level 2 status that involves eased restrictions, allowing diners and shoppers back into stores and meeting with those they don’t live with.  Meanwhile, the rest of the nation…  Read more

Signs You’re Undercharging for Your Work

  When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do. Charge too much and you could scare away potential customers. Charge too little and you could run yourself out of business. Figuring out how much to charge is stressful, but it’s worth it.  If your business doesn’t bring in enough money to…  Read more

COVID-19 Business Update – 5 March 2021

  Welcome back to our Weekly Digest.  Read on for the latest updates and some ideas to help us all move forward. Auckland on Second Lockdown After a three-day lockdown in mid-February, PM Jacinda Ardern announced a new seven-day lockdown in the city of Auckland last Saturday, in a bid to contain a cluster of the more contagious UK variant of COVID-19. This comes after a report of a person…  Read more

5 Essential Tips for New Property Investors

Everyone wants to achieve financial independence. However, until you have enough income-generating assets, you are unfortunately dependent on someone else such as your employer. Investing in properties, when done right, can provide an ongoing income stream and a cash lump sum when you decide to sell it.  If you are a first time property investor, check out these five tips that can help you along your journey towards financial independence.…  Read more

COVID-19 Business Update – 26 February 2021

  Welcome back to our Weekly Digest.  Read on for the latest updates and some ideas to help us all move forward. Experts say Auckland Still Has ‘Low Risk’ of Outbreak Experts are confident Auckland still faces a low risk of community outbreak, despite the latest COVID-19 case being a “casual plus” contact of the community cases linked to the February outbreak. However, one epidemiologist warns it’s possible the current…  Read more

Three tips for managing construction industry cashflow

Owning a small business in the construction industry can be incredibly stressful.  In addition to the long days and difficult working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime you have to pay employees, cover fixed expenses, buy supplies and pay your own subcontractors. Here are…  Read more

COVID-19 Business Update – 19 February 2021

  Welcome back to our Weekly Digest.  Read on for the latest updates and some ideas to help us all move forward. 3-Day Lockdown in Auckland and level change for the rest of NZ On Sunday, Prime Minister Jacinda Ardern announced a three-day lockdown in Auckland after reports of 3 new local COVID-19 cases. This required everyone to stay at home except for essential work and shopping.  The rest of…  Read more

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