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
Tenancy agreements form the foundation of the landlord-tenant relationship, outlining the rights and responsibilities of both parties. Understanding the intricacies of tenancy agreements and recent legislative changes is crucial. There are two main types of tenancy agreements: fixed-term and periodic, each catering to different needs and preferences. Understanding the differences
We live in uncertain economic times, with operating costs still on the rise. By focusing on cutting expenses and growing revenue, you can stay ahead. A recent survey showed that 93% of respondents believed changes made by the Government had increased their cost of doing business. And rising costs can
Do you have a Family Trust? Is it still relevant? With between 300,000 and 500,000 Trusts in New Zealand, they’re clearly a popular way to protect assets. However, the Trusts Act 2019 came into force on 30 January 2021, bringing key changes to the way Trusts are run and imparts
Data is only powerful with context. It needs to be accurate and organised, and you need to be clear on the necessities vs the niceties. Raw data describes the facts and figures that a business processes every day. Over time, every business collects data and it becomes meaningful after it
Succession planning is critical for small business owners who want to ensure their business thrives even after they step away. Whether you’re planning to retire, sell, or transition ownership, having a clear plan in place will help you maximise your business’s value and secure its future. Starting and running a
Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks. Contracting or running your own business requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing
From 12 September 2024, Xero is making changes to their Xero plans by launching three new Business Plans, enhancing the Ultimate Plan and reducing their Partner Plans down from three to two. These plans will replace the current plans and subscribers who sign on from this date as well as subscribers wishing to upgrade
Inland Revenue has implemented stricter guidelines for cryptocurrency tax compliance, reflecting a global trend toward more rigorous regulation of digital assets. New Tax Guidelines The updated guidelines clarify that nearly all transactions involving cryptocurrencies are subject to tax. This includes (but may not be limited to): Selling Cryptoassets for Money
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
