If only the end of the financial year was as fun as the end of the calendar year! But alas, for many business owners, the approaching financial year’s end is anything but a party. As 31st March approaches, numerous deadlines and chores lie in wait, and it can all get a bit...
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Every year, thousands of Kiwis start new businesses, all with a vision of helping people and having more time, more money & more freedom. But globally, twenty percent of businesses fail within the first two years. And right here in New Zealand, 40 percent of small businesses...
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Feeling exhausted, spread thin, strung out, and ready for some time-out? We hear you! Running a business can be hard, and this year has been one for the history books. Everyone is running on empty, which is understandable, but it’s not great for you or your business in the...
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“I pay tax on my drawings, right?” “I don’t have to pay any tax because I’ve only taken drawings” “Isn’t drawings the same as a salary?” Drawings is one of the most confusing areas for business owners and it’s not surprising. Google “What are drawings...
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Many people find money & finances, particularly business finance a mystical and scary topic. It’s not surprising as our relationship with both numbers and money comes with a lot of baggage. But here’s the thing… numbers just like words are simply a way of communic...
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If you’ve been chasing unpaid invoices and its looking highly unlikely that you will ever receive payment then perhaps it’s time to consider whether you should write it off as a bad debt. Under normal circumstances, you have to physically record the invoice as a bad debt...
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As a business owner, you’re usually the last to get paid. Simon Sinek's book, Leaders Eat Last is a fantastic book on leadership but paying yourself the “left-overs” isn’t ideal especially given the blood, sweat and tears you pour into your business. So how much shou...
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For most business owners and entrepreneurs, worry is a fact of life. You’ve been there with the 3am wake-up call when you’re sweating over cashflow or how you’re going to handle a poorly performing team member. Worry and stress normally ebbs and flows. But lately it se...
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One of the biggest questions in your mind when you start talking to an accountant is likely to be how much does it cost to do my accounts? And it’s a perfectly reasonable question. Your time is short, your money is precious and you don’t want to waste either talking with...
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The Government’s Small Business Cashflow Loan Scheme (SBCS) is designed to help small businesses with funding to pay their operating expenses. With up to $100,000 of funding per business and much lower interest rates than you’d get from the bank on the surface it seems l...
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