Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Fruit and vege prices fall 9 per cent in last year as food price inflation continues to ease Fruit and vege prices have fallen 9.3 per cent in the past 12 months driven down by tomatoes, broccoli, and lettuce, new Stats NZ data shows. Overall food price inflation was just 2.1 per cent for the year to February – the lowest it has been since the year to May 2021. Doing it tough: What households are dropping to cut costs Times are tough – even for those on average and above-average ..read more

Understanding the Impact of Easter Day on New Zealand Payroll Easter Day, a significant religious holiday observed by many around the world, has a unique impact on New Zealand’s payroll system. This is due to the country’s specific legislation regarding public holidays, which includes Easter Day. Understanding the intricacies of this impact is crucial for both employers and employees to ensure compliance with the law and fair compensation. In New Zealand, Easter Day is considered a public holiday. As per the Holidays Act 2003, employees who work on a public holiday are entitled to be paid at t ..read more

At Green Accounting Services, we value sustainability, connection, efficiency, life balance, and mutual success by supplying accurate & custom-designed professional accounting services. As a business owner, you’re the architect of your business’s vision and culture. But in the hustle to develop products, chase sales, and keep the lights on, some of the foundation often gets lost in the mix. Core values—those guiding principles that shape your company’s identity—are more than just words on a wall or a statement in a handbook. These aren’t just buzzwords to sprinkle throughout your website ..read more

When was the last time you felt that you had a week’s worth of energy to pour into just four days of work? As COVID-19 has reshaped our work-life balance and continues to redefine what is essential in our professional world, the concept of a shorter workweek is gaining traction. With proposed legislation in various states and countries, and the ongoing conversation among professionals, it’s evident that the discussion around the 4-day work week is much more than a passing trend. In the din of supporters and cynics, where do you and your small business stand? Let’s delve into the nuances of th ..read more

AI (Artificial intelligence) has been both a huge disrupter and enabler for businesses of all shapes and sizes. (AI) is no longer just a pipe dream of science-fiction. It has become a vital aspect of today’s world and has meant businesses or employees can and are becoming more productive by leveraging the many AI tools for business activities.  In the past, the application of AI was limited to big corporations and technology-based businesses. Only they could afford the high costs of developing and implementing such systems. However, AI technology is now easily available and accessible to ..read more

In today’s digital age, online reviews can make or break a small business. With the ease of access to social media and review websites, customers can easily voice their opinions and experiences with your business online. As a small business owner, it’s essential to understand the importance of online reviews as they will impact your brand image, sales, and customer loyalty. Boost your brand image Online reviews are the first point of contact between your business and potential customers. Positive reviews can improve your brand image and credibility. When customers leave positive reviews, they ..read more

In the business world, cash flow remains the lifeblood that keeps your operations running smoothly. Whether you’re a start-up finding your feet or a seasoned business, maintaining a steady cash flow can be quite a challenge. But a few small changes can make a world of difference to your cash flow and overall revenue. So, let’s dive into some practical strategies you can implement to boost your cash flow. Get paid faster Receiving speedy payments is crucial to improving your cash flow. If you typically invoice your customers, consider offering them an incentive to pay earlier than the standard ..read more

This blog contents come from business.govt.nz. The link is at the end of this blog.  Use these simple tools to help you set your business up for success – from choosing the right business structure to employing staff and expanding your online presence. They’ll save you time and money. Starting out? Choose a business structure There are different ways to structure your business, each with different legal and financial obligations. Most businesses in New Zealand are sole traders, companies or partnerships. With just three quick questions, our tool will help you choose a business structure ..read more

Starting a new business can be incredibly exciting, but it’s important to thoroughly evaluate your business idea before taking the plunge to ensure you’re creating a sustainable and successful venture. To get started, here are 9 questions to consider as part of an overall evaluation process. Save yourself money, time, and heartache down the line by investing a little time now. What customer problem does your business solve? Your business should aim to solve a customer problem in a unique and innovative way. An idea can be cool or interesting, but that doesn’t necessarily mean that it can meet ..read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Corporate reporting forecasts low market earnings to continue Analysts are expecting the upcoming corporate reporting season to deliver a mixed bag of results, with falling consumer demand and increased costs a drag on earnings. A report by brokerage firm Forsyth Barr forecasts profit margin declines across a range of sectors. How NZ’s paid parental leave stacks up Paid parental leave was back in the spotlight last week, after a member’s bill from National’s deputy leader Nicola ..read more