Are you worried about our Alert Levels changing? If there is a resurgence of Covid-19, the Government is ready to back NZ businesses. The Government has announced a package to support businesses and individuals in the event of a change in COVID-19 alert levels. The package contains a proposal for a […]
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The Government launched the Small Business Cashflow Loan Scheme (SBCS) in May to assist eligible small-to-medium businesses adversely affected by COVID-19. They subsequently extended the application period to help businesses and in November announced further changes, expected to take effect by 31 December 2020. Businesses employing up to 50 full-time staff […]
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5 Questions to kickstart your 2021 planning. We hope you all have a break planned that involves being away from work this year. Sometimes the best of plans are created when you are not in your workplace, as you can get a fresh perspective of things and look at your business […]
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As we come into December, we would like to take this opportunity to remind you of a few things we like to call the 12 Days of (Business) Christmas. We hope to ease the stress Christmas can cause for some with a few careful preparation tips. As a business owner/operator, managing […]
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What you need to know for your business An update to the Privacy Act 2019 comes into effect on the 1st December 2020. The Privacy Commissioner, John Edwards is encouraging organisations to prepare for tighter rules asap. The most significant change to organisations will be the mandatory data breach disclosure: any […]
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More importantly, what can we do for you? At Engine Room, we pride ourselves on being Business Specialists. Although Accounting is a large part of our job function, there is much more we provide than financial accounts. Our approach is to offer more than your average accountant – more than just […]
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What you should consider when you want to exit If you are looking to exit your business or have a future intention to do so, you need a plan to get the business ready for sale. When you sell, you want your business to have as much inherent value as possible […]
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Key points to consider when buying a business Buying an existing business can be a great way to get started as a business owner, or to expand operations if you are already running a business successfully. We have recently seen a lot of activity with people buying a business even in […]
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Get in Control of Cashflow It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. […]
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An overview of the new Trusts Act 2019 For those of you with trusts, you may recall we’ve talked about the new Trust Act which will come into effect on 30 January 2021. As Accountants, we have now received further guidance and application of the new Act so we can have […]
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