Tax pooling is a way to finance your tax, it is becoming more commonly used through accounting practices to help clients manage cash flow and save clients’ money on penalties and interest that IRD would charge them. The interest rate charged by tax pooling intermediaries is lower than IRD’s rates and allows longer time frames…
Xero has in built budgeting features in Xero Budget Manager which can be accessed in any subscription. It allows you to quickly create budgets and compare them against actual performance. You can manually enter amounts into each column and row or there is a formula box to apply a fixed amount to each month. For…
Float is a cash flow forecasting software that provides cash flow insights that combine all your bills, invoices and actuals with the budgets that you set. It syncs with Xero to make managing your business easier. Forecasting can be a great tool if you are looking to expand, or want to increase your cash flow….
Anyone who owns a small business will know that the biggest challenge is getting paid on time and managing cashflow. Some things can be done to combat the threat of late payments and smooth out cashflow. Given the issues that can be caused by late paid invoices, it makes sense to keep on top of your…
During Covid19 the government announced a range of measures to assist businesses and I hope that everyone applied for assistance as it was required for your business. These include changes to tax loss continuity rules, tax loss carry-back scheme, business consultancy support and the small business cashflow loan. The Small Business Cashflow Loan (SBCS) was…
Self employed or contractors have two options when it comes to ACC – The standard CoverPlus or CoverPlus Extra. You will automatically be enrolled in the standard Coverplus however you can change to the ACC CoverPlus Extra which allows you to choose how much of your income will be covered. If you have an injury…
The most important part of writing a business plan is thinking critically and forcing yourself to answer crucial questions about strategy for your business. This can be done in one page or 30 pages, below are some business planning tools and apps to help you write your plan. If you need more information on what…
Invoice Ninja was setup to serve freelancers and businesses with a complete invoicing and payment suite tools. Branded professional invoices can be sent with little effort. The software is ideal for freelancers and small businesses that need good invoicing and light bookkeeping options. The main features are: Dashboard – The dashboard is well-organized and provides…
Xero Projects It is important for small businesses to know which jobs return the best profit and which ones need to be watched closely. This is where Xero Projects comes in as it is an easy to use job costing software. Projects is perfect for small professional services businesses and Tradies etc. Benefits Fully integrated…
Hubdoc is a document management software that integrates with multiple accounting software. It can be used to streamline bookkeeping tasks such as data collection and data entry. All documents are kept in one place and automatically filed. Benefits of using Hubdoc: Easily capture bill and receipt data and get the information into Xero – Email,…
