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
Since businesses have existed, business owners have asked the question, Who is my ideal customer? Advertising copywriting icon, David Ogilvy, wrote about “man's unchanging needs”. What he meant by this was that no matter the time or circumstances, consumers had and were driven by, an unwavering set of needs. These
Should you manage your own rental property or pay for a property manager? We look at the pros and cons of each approach to residential property investment. Investing in rental properties can be a great way to grow your wealth over the long term. But it’s not a passive investment
Running a business costs money. There are always costs, overheads and supplier bills that mount up – and these expenses will gradually chip away at your cash position, making it more difficult to grow and make a profit. So, what can you do to reduce your spend levels? And what impact will this have
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
