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?
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 year is a new beginning. It's an ideal time to reflect on your aspirations and consider setting or redefining goals and challenges for the year ahead. Setting goals is an essential part of personal and professional growth. These could be lofty goals, or even setting out a plan
A business without a plan is like a car without a steering wheel. Read our guide for writing a business plan and find out the major benefits of having a detailed roadmap to follow. Your business plan is the sat-nav that keeps the company moving in the right direction. Having
Investing in property can be a great way to grow your wealth over the long term. What are the advantages and potential disadvantages of residential versus commercial property – and can you still invest in property if you don't want to be a landlord? Kiwis love investing in property, and
Do you know the difference between your statutory accounts and your management accounts? We're highlighting the main points of each and explaining why both are equally important for your business. As a business owner, you know you need to produce accounts – that's a given. But do you know the
What are the essential financial documents that can demonstrate your business' ongoing viability? We've listed the main reasons potential lenders and investors want to see solid financial statements before committing to your business. Whether you're applying for government subsidies, taking out a business loan or seeking investor support, you need
It can be tough at the top, having an experienced business coach to work with can be the helping hand you need. We’ve highlighted the key benefits that an independent coach brings to you and your business. Being a business owner can be immensely rewarding. But it's also a highly
Customers that stretch out how long it takes to settle their bills are costing you more than time and frustration. However, increased electronic connectivity between small businesses, accountants, and financial institutions coupled with cloud accounting and traditional methods can help your debtor management. As with any relationship, timely communication between creditors (suppliers) and debtors
How often do you get to the end of a work day and wonder where the time went? You barely dented your to-do list, let alone completed it. Delegation, either to internal team members or external contractors, is a great way to free up your precious diary space. But is it that simple?
