Maintaining adequate cashflow can be one of the most stressful aspects of owning a business. Projecting your cashflow pipeline forwards is vital to reduce this stress and enables you to make better, informed decisions for the success of the business. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Plus, when you have access to detailed forecasts you can scenario-plan, search for cost savings and look for strategies that ..read more

Business development is one of the most important areas of focus for any ambitious business and the last few years have taught us just how critical it is. If you want your business to grow, you’re going to need a razor-sharp focus on new opportunities and strategies. That could mean exploring new markets or nurturing new partnerships. It might mean diversifying to create new revenue streams or coming up with new ideas to boost your profitability. But, ultimately, good business development comes down to having good ideas – ideas that broaden your reach, sales, revenues and external relationshi ..read more

Business development is one of the most important areas of focus for any ambitious business and the last few years have taught us just how critical it is. If you want your business to grow, that’s going to mean having a razor-sharp focus on new opportunities and strategies. That could mean exploring new markets or nurturing new partnerships. It might mean diversifying to create new revenue streams or coming up with new ideas to boost your profitability. But, ultimately, good business development comes down to having good ideas – ideas that broaden your reach, sales, revenues and external rela ..read more

Businesses that have clear goals and objectives, robust accountability and a shared sense of purpose should always outperform those that just show up and go through the motions. Strategy lies at the heart of most successful businesses. To achieve this you need to resource and execute with a clear purpose. Still, few businesses have a strategic plan or a robust planning process. Changing this situation should be a top priority! Here are two top tips for business owners: 1. Process creates the plan Putting strategy at the heart of your success will require you to carve out some time, get a proc ..read more

If you’re a profitable business, you’re required to pay tax on that profit known as income tax. If your end of your tax bill is greater than $5,000, you will be required to pay provisional tax in the following year during the year. This is not a separate tax, but rather, it is income tax paid towards your next end of year tax liability so that you don’t end up with a large bill to pay all at once. Those of you who are required to pay provisional tax will receive reminders from us typically three times per year asking you to pay a lump sum amount at your upcoming provisional instalment date. T ..read more

You may be eligible for business consultancy support via the Regional Business Partners (RBP) network. We are proudly registered to provide services under the Management Capability Development Fund and Tourism Business Advisory Support initiative.  Given the changing business environment, and with stopgap funding such as the Covid Support Payment ending soon, businesses need to think and act differently. This funding enables us to support our clients to build the capabilities required to navigate the current climate. Please contact us directly so that we can assess your eligibility and h ..read more

New Zealand is back on the map! This is fantastic news for our tourism and hospitality sectors. Vaccinated tourists will soon be able to visit without needing to isolate, starting with Australians, from April 13, and then selected other nations from 2 May. To help businesses scale up in preparation, a $49 million Tourism Kick-start Fund has been set up, and applications open on 1 April 2022. Is your business eligible? To be eligible, your business must: Be a tourism business that was already operating before the pandemic: “at least 50% of its operational output is purchased by tourists” H ..read more

As your accountant, we won't just look after the financial side of your business, we can also advise you on the strategic side of your company, including the importance of business development as a vital part of your growth plan. Business development (BD) is what helps your company move from slow, organic growth to fast-paced, hypergrowth. And it’s only by putting the right drive and expertise behind your BD that you can turn your strategic ideas into real success stories. So, how can we help you achieve this? Talk to you about your strategic goals The starting point for any kind of BD activi ..read more

High inflation is hitting businesses and households hard in 2022. Across the world, inflation is running high, thanks to factors like pandemic disruptions, monetary stimulus and supply-chain issues. You’ll see the effects of inflation at the supermarket and the fuel pump – and in your business. Eroding each dollar’s buying power Inflation increases prices, which eats away at the buying power of your dollar. For business owners, that means you’ll encounter higher costs from your suppliers. Materials are more expensive, transport has become far more costly, and basics from office supplies to ut ..read more

Ticking items off your end-of-year tax checklist this month? Make sure you don’t forget income received from COVID-19 business support. And consider whether further tax relief measures could be appropriate. Rules to keep cash flowing - If money is a bit tight as the financial year draws to a close, here are four tax measures focused on providing and enabling cashflow: If your cashflow has been significantly impacted by the economic effects of COVID-19, you may be able to apply for relief from use of money interest and penalties, or enter into an instalment arrangement for payments due to ..read more