Why accountants charge so much and what you can do about it
Trio Accounting Blog
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1M ago
“Please charge me more in accounting fees” said no business owner ever. In fact you only have to belong to a couple of business oriented Facebook Groups to see posts from people querying or complaining about how much they are paying their accountant and how little they get in return.We totally understand and share your frustration. So lets dig a little deeper into why accountants appear to charge so much for seemingly very little in return ..read more
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New GST rules for the “Platform Economy”
Trio Accounting Blog
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2M ago
Anyone who provides accommodation through an online marketplace in New Zealand, such as Airbnb or Bookabach, will be affected by new Goods and Services Tax (GST) changes starting from April 1, 2024.  ..read more
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How To Change Accountants: Why It’s OK And What To Expect
Trio Accounting Blog
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2M ago
New to business or wanting more from your current accountant?  It IS possible to switch.  The thing is, you are the boss of your own business. You get to choose who you want to engage as a service provider. You’re also free to discontinue working with someone if they aren’t quite the right fit.  Finding an accountant that ‘fits’ is crucial.  You need to feel comfortable having discussions with them and know that you can reach them when you need the ..read more
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How to navigate an economic downturn
Trio Accounting Blog
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1y ago
There’s no escaping the fact that today’s economic climate is difficult for small businesses. Several years of disruption thanks to the pandemic followed by high inflation means that as a small business owner, you are probably struggling and your customers are too. Adding to the pressure you’re already feeling, the media is full of predictions of a looming recession. Inflation and recession don’t have to equal disaster for your business. But you can’t afford to bury your head in the sa ..read more
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From Depreciation To Gross Profit: Accounting Jargon Interpreted
Trio Accounting Blog
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1y ago
Do you speak accounting?   Accounting jargon is a language all of its own! And it doesn’t help that there are multiple names for the same things.   If you haven’t learned to speak accountantese, this communication barrier can make doing your accounts or talking to your accountant a struggle.   But the numbers in your business tell a story and it’s essential to know your own story.   Luckily for you, we not only speak accounting but we can make it und ..read more
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Looking after your finances is good for your mental health
Trio Accounting Blog
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2y ago
Good mental health is important to any business owner. It keeps you grounded, stops you from being overwhelmed and keeps the stress levels at a minimum. We all know the basic principles of maintaining good mental health. It’s all about eating well, getting enough sleep, taking regular breaks, not pushing yourself too hard and moving your body. But, did you know that having your finances in order is also good for your mental health? In fact, if you don’t have your finances sorted, it can easi ..read more
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Planning And Goals Setting For Success
Trio Accounting Blog
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2y ago
Have you got your business goals for the new year all mapped out? If not, you could find yourself lost in the woods as the months go by. Let’s face it, not having a destination in mind may be a great approach to a summer road trip, but it’s not a smart move for your business! Planning and goal setting may sound tedious, scary, or complicated, but it doesn't have to be! When you do it correctly, it can fun, motivating, and highly effective. Let’s look at how planning, goal setting, and a sp ..read more
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12 Days of Christmas Kindness
Trio Accounting Blog
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2y ago
It’s been a topsy turvy couple of years, and I’m yet to meet someone who hasn’t felt the pressure at some point during the past two years. Our country feels divided. People are stressed, overwhelmed, anxious, fearful, and angry. The best antidote I know of to all those emotions are kindness and gratitude. So we've decided to spend the first 12 days of December doing random acts of kindness. We'd love you to join us.  Now we’ve all heard inspiring stories of incredible generosity and ..read more
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The Scary Times Cashflow Guide - Managing Cashflow In Difficult Times
Trio Accounting Blog
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2y ago
When you started your business, I’m sure you knew it wouldn’t be an easy journey. You were aware that storms are a part of life and were prepared to tackle whatever life threw your way. But even so – none of us were expecting quite the storm that we’ve had in the last few years! For many business owners, the dark clouds are seriously lacking their silver lining, and it may be difficult to imagine a way forward. Times are tough, and you may be struggling to make ends meet in your business ..read more
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Why Do You Need To Know Your Numbers?
Trio Accounting Blog
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2y ago
“Seemingly small decisions left unchecked over time can take you off track and possibly over the edge.” I love this quote from entrepreneur James Ashford. It really highlights the importance of paying attention to the details of your finances. In life, it’s easy to focus on the big milestones and gloss over the small, seemingly insignificant happenings. But this is often a bad idea, especially when it comes to managing your business. Let’s take the example of a dripping tap in your house ..read more
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