The Reserve Bank of New Zealand recently reduced the official cash rate (OCR) to 3.75%. What does a drop in interest rates mean for you, your business and your financial opportunities? Let’s take a look at how a drop in interest rates may affect your finances. Reduced cost of borrowing
From April 1, 2025, New Zealand’s minimum wage will increase to $23.50 per hour, a 35-cent rise from the current rate of $23.15. This change will affect around 141,900 workers who currently earn at or just above the minimum wage. The starting-out and training wages will also increase, reaching $18.80
What are the key reports to focus on in your business? We'll show you how to track performance, take action and position your company for growth. As a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have shifted, customer
Managing debtors efficiently is critical for businesses to maintain a steady cash flow and sustain operations. Poor management of debtors can lead to cash flow issues, which could affect a company’s ability to meet its obligations, grow, and invest in the future. Here are some strategies to help businesses manage
Making time to look over your financial reports each month is an important task for any business owner. If you are not taking time to do this, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to you, then here are 6 reasons
The New Zealand government has unveiled its 2024 Budget with a core election promise delivered regarding tax relief of $2.57b through bracket adjustments. With an adjustment to income brackets, tax rates remain the same but the thresholds are raised. The Budget stated that 1.9 million households would benefit from the
A solid budget is the foundation for your company’s financial management and success. Here are 4 ways to stay in control of your business budgeting. When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to
Networking is a great way to connect with your industry peers and become an asset to your local business community. We’ve got some top hacks for getting the most from your networking. Leading a business can be hard work. But the good news is that you're not the only founder,
Using your cloud accounting software to just do the bookkeeping barely scratches the surface. Here are four important ways to get more from the cloud with a bespoke tech stack. If you’re managing a small business, the chances are that you’re using one of the current crop of cloud accounting
Turning a profit will be high on your list of goals as a business owner. And if you want to generate the best margins, that means keeping an eye on the money that’s going out of the business, as well as what’s coming in. So, how can your accountant help with this?
