Archive for the ‘Business’ Category

Three common issues affecting business performance
When I am invited to help an organisation improve its performance, there are generally three key elements that require work – direction, people, and getting ‘good shit’ done. These elements are outside of the standard financial metrics (whereby the products or services they sell make more money than the costs of the business). So, let’s […]
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Frequently asked accounting questions
As you can imagine, we often respond to a lot of accounting questions. Most queries are usually the same, or at least similar. So, I thought I would provide answers to the most popular ones. How should I structure my business? There are several options here. The most common are: Sole trader – a person […]
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Warning signs of organisational misalignment
Picture yourself driving down a road. It’s been raining so the road is a bit slick. You have noticed recently your car has been pulling to the right, but you just compensated for it by adjusting your steering to the left. Suddenly the person in front of you brakes abruptly and you apply your brakes […]
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Organisational Alignment – a critical ingredient to top performance
The ‘Master Widget’ company has good products, and the people are working hard, but the company is just not operating cohesively. Therefore, inefficiencies are driving up costs, a silo mentality rules, frustrated people are leaving, and the competition is gaining on them, so they are leaking profits. In other words, the company is misaligned – […]
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Check your pay slips!
Pay slips are an important component of any payroll services. Also known as wage slips, paystubs or pay advice.  Before the birth of the internet, emails, and the old wire transfer systems, pay slips were often provided to employees in a paper form along with their pay cheque. The pay slip was an acknowledgement of the […]
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Time for an FBT (Fringe Benefit Tax) health check!
As we draw closer to the breezy autumn days of another tax year, the Fringe Benefit Tax (FBT) season is inevitably upon us. The recent increase to the personal income tax rate, which applies to income earned by individuals earning over $180,000, has also resulted in an increase to the FBT rates. Coupled with the […]
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Don’t wait until its too late…
ARTICLE SERIES: KEEPER OF BOOKS Recently, a new client came to me to consult about issues with his existing accountant who, after not being able to comprehend the logistics of the business, eventually left. After some initial discussions and reviewing the company’s Xero, I attempted to clean up the mess and provided him with all […]
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The five keys to a harmonious workplace
It is crucial to feel comfortable at work because you spend one third of your life there! For your employees to have a sense of pride and belonging in the workplace, it’s important to have a healthy and positive work culture. One of the most important criteria is that employees feel free to share their […]
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Benefits and Issues of Cryptocurrency
When people think about cryptocurrency, we mostly think about Bitcoin but what exactly is cryptocurrency? Cryptocurrency is a type of digital currency which is recorded on a blockchain that can be used in exchange for goods or services.  A blockchain is a specific type of database that stores information in blocks that are chained to […]
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Being too positive is dangerous
As Alfred E. Neuman famously said, “What, me worry?” In October, I facilitated a discussion with Bruce Sheppard (CEO of Gilligan Sheppard) and Evana Lithgow (Managing Partner of Working Minds) to add to our series on life and business post-lockdown. The discussion centred around how do we deal with, and face the uncertainty of the […]
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