Did you know that you still have to pay tax on your debtors, even if you haven’t yet collected them? This is because you pay tax on your sales figures, whether you’ve collected the cash or not. So, how do you collect your debtors faster? Agree on your payment terms at...
Are you selling the wrong thing to the wrong person, not defining the value, or selling inadequately? Here are the top 4 reasons why you may be struggling to sell goods or services to your customers: 1. Selling the wrong thing One of the biggest challenges when...
This handy feature in Xero allows you to assign any purchases you have made with a supplier and on charge these to a customer you need to invoice. It’s a great way to check all your expenses and disbursements you want to recover from your customer are being captured....
Every year legislators make small changes and tweaks to existing compliance and tax laws, that can leave businesses scratching their heads, and with a myriad of financial decisions encompassing everything from cash flow management to minimising tax liability....
Join us for our Building a Better Business in 10 Steps seminar – presented by Louise Neville and learn the strategies you can implement in your business to reach its true potential. Date: Tuesday 13th of AugustStarts at: 4pmDuration: 1.5 hoursVenue: Accounting...
According to where all the statistics are pointing, our economy over the next 2 years will provide a great opportunity for business, not just in Christchurch but nationwide. If you take a look at the above graph the predicted Gross Domestic Profit (GDP) is expected to...
Have you checked your KiwiSaver contributions for the year to make sure you will get your government contribution? Just a reminder that if you are wanting the full government contributions to your KiwiSaver which is $521.43, you’ll need to have contributed a total of...
Every business can be broken down into 10 core departments with unique functions – two are strategic and the rest are operational. It’s essential to understand the 10 departments, the function of each, and the key responsibilities of each person in each...
It’s great to hear the government has broken the budget into a Wellbeing and Economic budget. With mental health now affecting business productivity, it’s about time that this was addressed. While there were no new tax announcements and very little in the budget to...
The Reserve Bank has cut the official cash rate (OCR) this month by 0.25% to a record low of 1.5% to put this in perspective in 2008 the OCR was as high as 8.25%. The immediate benefits have been, a falling NZ dollar against the U.S. Dollar which is really good for...
