High inflation: What does it mean for your business?
Inflation is hitting hard – what does it mean for your business? The downsides, a couple of potential positives, and how to get in touch to figure out how much you should raise your prices.
Read this before filing your EOY tax – FY2022
Ticking items off your end-of-year tax checklist this month? Make sure you don’t forget income received from COVID-19 business support. And consider whether further tax relief measures could be appropriate. Rules to keep cash flowing – If money is a bit tight as the financial year draws to a close, here are four tax measures focused …
Annual General Adjustments to benefits
From 1 April 2014, some payment rates increase based on the updated Consumer Price Index of 1.38%. The Annual General Adjustments include: rates and thresholds for main benefits, Student Allowances, Student Loan Living Costs and the Foster Care Allowance rates and thresholds for some supplementary assistance thresholds for the Community Services Card New Zealand Superannuation …
ACC Changes in 2014
‘The only way to make sense out of change is to plunge into it, move with it, and join the dance.’ Alan Watts ACC Workers and employers will pay $387 million less in ACC levies in 2014/15. This affects the Earners Account (paid by workers) and the Work Account (paid by employers). The ACC …
Breaking free from idle mode – top tips for business growth
It’s easy to sit back and enjoy the fruits of your labour and become comfortable with your current business position. But don’t become too comfortable. Isn’t that why you got into business in the first place? To step away from that zone and challenge your way of thinking? Always be aware of and listen to …
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Don’t forget the tax man this Christmas
Christmas is a time for celebration but when considering that festive spending don’t forget the potential tax costs – entertainment tax or FBT provisions may apply. We have highlighted the tax treatment of some typical forms of Christmas entertainment. Entertainment Tax or FBT? There are numerous exemptions from the entertainment tax rules but these are unlikely to apply …
To save or splurge?
So you had an exciting moment when you received a letter advising you of your tax refund. A clatter of thoughts tumbled through your mind about how you might use the money. A fancy item for your wardrobe? A deposit on a holiday? A new electronic device? That little devil on your shoulder shook his …
How much is your business worth?
The obvious times are when they’re looking at selling, if there’s a matrimonial split, when there’s a new shareholder coming into the business or they want to raise finance. The one that’s less obvious — but equally important — is when people talk about wealth management and planning. A company is usually one of the …
Increase your online sales
Improve your traffic! To make sales you need visitors. Is your website actively in the public domain? Using flyers, advertising, supporting an event or charity, giving out business cards, the use of smart packaging, referral sites, and business directories are some simple ways to put your brand and website address out there for potential customers …
Stop the knowledge drain
Depth of knowledge provides stability in a business. If you don’t document internal processes, you run the risk of losing critical ‘tribal knowledge’ when an employee leaves. Quite simply, the knowledge will exit the building. It’s important that daily business isn’t disrupted or compromised when a team member is absent. Audit your knowledge assets. Work …
Tracking your traffic with Google Analytics
Ever wonder how well your website is really working for your business? Google Analytics can show you. It’s a free web analytics tool designed to integrate with your website and track usage. It shows how people find your site and navigate through it, to help you optimise your web presence. Designed for all skill levels, …
The busy-person’s guide to effective multitasking in the office
Multitasking. The great 2000s buzz-word. All women know the skill of talking on the phone whilst doing pretty much anything, and men perfected the art of listening to sport and reading the newspaper way back in 1926. It is a common misconception that multitasking is this art of doing more than one task …
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So you have a website… but how effective is it?
The more you update your site the better your ‘googlability’, as static sites get lost in search engines. So quite apart from the fact that no one likes a stale site, completing regular audits and updates improves how easily your customers can find you. Quick questions for a quick audit: Is your homepage fresh and …
Networking – the Way of the Future
Networking – the Way of the Future Running a small business these days is no mean feat. Far from it. In fact small business owners today need very diverse skills and considerable expertise – not to mention many more hours in a day – just to survive. It’s little wonder we keep seeing so …
Invest in Your Team
When did you last compliment one of your team on the great job they are doing for your organisation? If you’re committed to investing in your team, positive acknowledgement will be part of your daily conversation with team members. For the majority of businesses, your most important asset is your human resources. Your business will …
Dealing with Conflict in the Family Business
Family businesses account for more than 75 percent of businesses in New Zealand yet for many, it’s not plain sailing. Unfortunately, family conflicts are common and often lie at the heart of the relatively high failure rate of small businesses. Many families think that because theirs is a family business they don’t need to have …
Every Business Needs an Effective Leader
Are you the leader of an organisation? Maybe you have a small or a large team working with you. Have you ever stopped to think what it means to be a leader? As a leader you bring certain characteristics and strengths, but you also have responsibilities. Leadership in business is about building a vision …
New team member wanted
Business is progressing steadily, your team is already working to capacity, you’ve made the decision – it’s time to employ a new person. Great, just don’t rush into it. You don’t need to employ the first person who applies, even if they have the skills you’re looking for. You need to make sure you …
TourWriter Integrates with Xero – ITO Accounting
http://youtu.be/1OZ3mi4HQyM
Employment law changes 1 April 2011
Risk and Reward Changes to both the Holidays Act and the Employment Relations Act will come into force on 1 April 2011. These changes are intended to reduce compliance costs, increase business confidence in recruiting new staff as well as speed up the resolution of workplace disputes. The main changes include: Employees will be able …
