With the End of Financial Year (EOFY) quickly approaching, you’re probably starting to think about who you need to assist with processing and lodging your tax returns. If you are looking for an accountant for your new business or are unhappy with your current advisor, now is a good time to be looking for one…
For the accounting/finance side of a business there is a lot to understand especially what expenses you can claim and what are only 50% deductible etc. Having an online accounting software can save time and money and hiring a bookkeeper or accountant to help can ensure everything is done correctly the first time. Whether you…
This article is about Covid Support update to let everyone what support is available from the 26 February 2021. Resurgence Support Payment This is the new support scheme that became available on Tuesday, and covers the week where alert levels were raised. A business or organisation must have experienced at least a 30% drop in…
If it’s your first year in business – Here’s what you need to know about the End of FInancial Year -EOFY. The EOFY for first time business owners means the first time you will need to submit your financial information to IRD. This means supplying all your financial information to your accountant (if you have…
Business mentors and Coaches are a topic that is mentioned a lot at the moment with questions around – What do they do? Do I need one? What is the difference between a mentor and a coach? How do I know which one I need? Mentoring and Coaching are commonly used interchangeably in a business…
Anti-money laundering rules have been coming in over the last couple of years and slowing affecting more and more industries. AML may or may not apply to the industry that your business is in however, you will come across this as soon as you engage an accountant or open a new bank account. You might…
With the third installment of provisional tax due on the 15th January, it is a good time to look at your current year results. For those with accounting software this will be easy to do, run a profit and loss report from 1 April 2020 – 30 November 20. If you have completed a cash…
A budget is an estimation of revenue and expenses over a specified period of time and is reviewed and evaluated periodically. Budgets can be used for business and personal use. Budgeting is important and helps you to keep track of how much you earn and spend. A budget is basically a financial plan for a…
Cash flow is the movement of money into and out of your business. Cash flow is measured by comparing the inflow and outflows of money over a certain period. This is usually over a month or quarter. Sometimes it seems that the cash only flows one way, out, however it does flow both ways. Cash…
After reading the first part of this business finance & funding options series you will know that any finance will not do even when you are desperately keen to grow, buy or start a business. If you choose the wrong type of finance for your business you could severely affect your cashflow or halt your…
