The fundamental goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your enterprise. But how does profit differ from cashflow? And why is cash king? How do profit and cashflow […]
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Fixed Assets – New Government Assistance
When a company purchases fixed assets—such as buildings, vehicles, machinery, or equipment—it is making a long-term investment rather than an expense that immediately affects its profits. These assets are important because they help the business operate and grow, but they also impact the company’s financial records in several ways. Instead of simply deducting the full […]
The Fundamentals of a Business Budget
The Fundamentals of a Business Budget A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and […]
Coping with the skyrocketing cost of living
Coping with the skyrocketing cost of living Whether it’s refilling your petrol tank or paying at the supermarket checkout, the higher cost of living is hitting every household hard. Across the world, everyday essentials have surged in price across the OECD. What can you do to try to keep up with the increasing cost of […]
Get in control of cashflow
Get in control of cashflow It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When you bring in more money than you spend, you have extra cash to keep the business running and to invest in growth. If your spending starts to outpace your earnings, you’ll quickly run out of cash, […]
Changes to the minimum wage: what this means for your payroll
Did you know that the minimum increased from April 2025? Any increase in wages can have a significant impact on your payroll costs, cashflow and the profitability of your business. So, being aware of the minimum wage is a must. What are the main changes to the minimum wage? The Government has recently announced a rise […]
Reducing the uncertainty: key ways your accountant can assist
Knowing what’s around the corner is hugely valuable as a business owner. We live in a world full of unknowns, which makes it hard to foresee how the business world will evolve and figure out what steps to take next You can’t change the evolving economic, political and business threats in the world. Below are […]
25% of NZ businesses will sell up this decade: how to optimise your Return On Investment
One in four small and medium-sized Kiwi businesses are expected to sell up over the next decade, as the baby boomer generation retires – according to research by Link Business Brokers. With today’s unstable business climate, selling your small business might not guarantee the ROI you want. Uncertainty and external challenges could be driving your decision […]
Understanding Your Balance Sheet
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the Statement of Cash-flow, these reports provide a complete understanding of […]
Reducing the uncertainty: key ways your accountant can assist
The financial year has ended, so it’s time to gather your records for your accountant. If you’re organised, this can be a simple task. But for some, it might feel overwhelming, especially after a tough year. If it feels daunting, tackle it quickly and treat yourself to a little reward once it’s done. Reality check: […]
Sales expectations are improving: giving your sales a boost in 2025
Nearly a third of New Zealand’s small and medium-sized businesses (SMEs) are entering 2025 with growing sales pipelines for the first quarter of 2025, according to new insights from MYOB. That’s excellent news for the Kiwi small business economy, but the same report also shows that 27% of NZ SMEs have less work in the sales […]
Keeping your cashflow strong in tough times
Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Make sure you have a clear picture of your payroll, and any other […]