During the last nine months of client meetings, account preparation, and tracking expenses, there is one challenge most clients have in common, and that’s cash flow. It’s a critical component of a business’s financial success, so it’s important that we keep it healthy. Why is cash flow so important? Operating Expenses: A business needs a […]

I often hear one of the two comments in the business environment – “don’t take it personally” or “it’s business, not personal”.  I’ve heard it said about feedback, difficult discussions, restructuring, ups and downs in the workplace – in fact, any daily workplace issues. What a ridiculous idea! Work is where we spend the majority […]

I have a few areas in my life where I call myself a leader or an expert, and sometimes, it feels like a big label to live up to. Every now and then I’ll find myself on a roller coaster of self-doubt and then a great result, which in the end was expected by everyone […]

Over the last three years, there has been plenty to stress about, particularly for business owners. And it doesn’t seem to be over. With the tail end of the effects of the pandemic, and a war thrown in, there are many predictions around a tough 2023-2024. And because of such projections, as business owners and/or […]

“It takes two to tango” – so the saying goes, and the same applies to business relationships. To truly benefit from your accountant and achieve your goals, the relationship you have with your accountant must be built on mutual respect, trust, and efficiency – from both parties. So, how do you get the most value […]

We get it. Running a business of any size is hard work… and to top it off, the more successful you become, the harder a business is to manage. Did you know that less than 5% of businesses within New Zealand turn over more than $5 million per year? Crazy right? Today, $5m is not […]

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 […]

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 […]

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 […]

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 […]