If you’re a small business owner in New Zealand, you likely understand the importance of having a cash reserve. While financial advisors often mention the term, the process of building a cash reserve for small business owners might seem challenging. Cash flow problems can arise unexpectedly, often due to factors beyond your control. However, a […]
The Small Business Owners Guide to Building a Cash Reserve Read More »
A Guide from Xero It’s an uncomfortable truth for business owners, but fraud happens more often than you think. Most business owners say that they never thought it could happen to them, but it can. Here’s some advice from Xero, the accounting software on some things to think about and ways to manage the risk.
Fraud prevention tips for your small business Read More »
A contractor is not an employee. Here’s all you need to know about the difference between an employee or contractor.
Employee or Contractor? Read More »
The integration of Artificial Intelligence (AI) is transforming industries worldwide, including here in New Zealand. While we New Zealanders are fast adopters of tech, our use of AI is still lagging behind the level of use in Australia and Canada. As your trusted accountant, we understand the pivotal role AI can play in enhancing efficiency,
Using AI in NZ and Common Roadblocks to business owners Read More »
Starting off with ChatGPT As small business owners, it can seem like there’s just not enough hours in the day. One solution to that is harnessing the power of AI. AI is here to help you do more with less. By getting the AI to do the tasks that take you the longest or the
Generative AI for your small business Read More »
Migrating from WorkflowMax by Xero If you have been using WorkflowMax by Xero, you would have already migrated to a new job management software by now, as June 26 2024 marked the end of life of the software. WorkflowMax by BlueRock (aka WorkflowMax 2) is most obvious alternative and the BlueRock team have made the
Job Management Software and WorkflowMax alternatives Read More »
The changes to personal income tax rates taking effect in July, as an outcome of the Budget 2024, have some consequences for businesses. The current thresholds apply for the first 3 months and 30 days of the 2024–25 tax year; the new thresholds for the remaining period. For the 2024-25 year only, composite tax rates
Tax threshold changes and your business Read More »
ApprovalMax and Xero. It’s the end of the day and you have to track down someone to sign off on that one PO. It’s stressful and time consuming and you think there must be a better way. Or you see a bill and wonder “Who on earth approved this?” The better way is with ApprovalMax.
8 Reasons Why You Should Tighten Your Financial Controls Read More »
When you’re selling your business, the information or sales memorandum drives the start of your sale process. It is key to motivating a buyer to the next stage – signing a contract subject to conditions and conducting due diligence on your business. While presenting your business in the best light, it must be grounded, easy
Selling your Business. Is it market ready? Read More »
From 1 January 2024, online marketplaces must disclose information about sellers and transactions on their platforms. This makes income earned on digital platforms (also called the sharing and gig economy) more transparent to Inland Revenue if you earn income for services such as: – providing short-stay accommodation – providing ride-sharing services for a fare –
Tax on Online marketplaces Read More »
