and emerge stronger on the other side A recent opinion piece in the NZ Herald said Inflation was likely to stick around for a while. Economists have different forecasts about how long it will remain high, which doesn’t help business owners one bit. During a downturn, it’s crucial for a business to take action to …
If you’ve had a change in your name or address, it’s important the correct information is on record. We can help get things up to date so you don’t miss important information.
As the holiday season approaches, take some time to think about how you want to organise your business operations over the summer. Confused about holiday pay calculations or unsure how to interpret entitlements showing in your payroll system reports? Call us, we are here to help.
With a bit of pre-planning and being proactive, you can go into the holiday season feeling relaxed. We’ve got tips to minimise the stress of cashflow over the holiday period. Talk to us if you’re concerned.
It’s a given that you’ll want to maximise your business income. Sometimes, however, when factors outside your control are limiting your income, rethinking your costs might be where you can shift your outcomes in your favour. Whether the market’s in an upward or downward cycle, good systems for tracking and controlling costs will help your …
Holding too much stock regardless of what industry you are in, can have its pitfalls. In busy times it can be beneficial to buy more stock than you require if you know you will be using it or can sell it later. You may even have that buying power when you purchase more or have …
Thinking of buying or selling your business? A new tax rule comes into effect on 1 July 2021 that will have an impact on the way you negotiate. The new rule is designed to create more certainty in purchase price allocation, which is the way the purchase price is divided up between the various types …
Buying or selling a small business? New rules could affect you Read More »
Improvements can always be made at the margin. Small tweaks to your processes or systems can make a massive difference to the end result. It’s the same with your business margin – a 1% increase in your gross margin on $500,000 of sales is an extra $5,000 on your bottom line. The best part about …
It’s important to note that this is not yet law – these are proposed changes but the Bill will come into effect two months after it has passed as a law, which could be mid-2021. The Government has introduced the Holidays (Increasing Sick Leave) Amendment Bill to increase the minimum employee sick leave entitlement from …
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 keeping score. In fact, …
