Small businesses and mental health

POSTED BY admin ON THE October 22nd, 2020

Owning and running a small business often means that you are responsible for most or all of the tasks that need to be completed. Often, owners will find their time being entirely occupied with their business. This can take a toll on their mental health and cause work related stress. Which not only inhibits one’s […]

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Withdrawing from KiwiSaver funds for significant financial hardship

POSTED BY admin ON THE October 22nd, 2020

Individuals may choose to apply to withdraw money from their fund if they are suffering significant financial hardship. To qualify as suffering significant financial hardship, one or more of the following criteria needs to be met as per the official government website: Cannot meet minimum living expenses Cannot pay the mortgage on the home you […]

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Speeding up invoice payments

POSTED BY admin ON THE October 15th, 2020

Taking care of invoice and billing payments can often be an onerous task for many small businesses. However, very few things are more important in the business industry than getting paid on time, since delays in payments can disrupt a business’s cash flow quite seriously. Business owners looking for best practice tips to get paid […]

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Best practices in business management

POSTED BY admin ON THE October 15th, 2020

Engage employees in the company vision It is important to share the business vision with employees so that they feel more motivated and enthusiastic. This will not only develop an interest in the work being completed, but also increase productivity. Further, engaged workers are more likely to bring in ideas and contribute to the growth […]

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Health and safety FBT exemption

POSTED BY admin ON THE October 15th, 2020

Non-cash fringe benefits provided by employers are subject to FBT, however, if the benefit contributes to the health and safety of the employee, this may exempt it from FBT. The benefit needs to qualify the following requirements: Must be related to the employees health or safety Must be aimed at managing risks to health and […]

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Organisational culture and what it means

POSTED BY admin ON THE October 6th, 2020

Understanding what organisational structure is can help with making decisions about your business in all areas. Organisational culture is multifaceted, it consists of the shared values, beliefs and norms in the workplace, and determines employee interactions as well as customer interactions. There are four types of organisational cultures. Clan Culture: Focussed on collaboration between teams […]

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The money habits that could be costing you

POSTED BY admin ON THE October 1st, 2020

How you spend your money determines how well you can save you money. Spending more than you have or buying unnecessarily can severely impact how efficiently you can save. Sometimes you aren’t even aware of the small habits that are actually limiting your savings capabilities. Here are a few bad money habits that are getting […]

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How to upscale your business

POSTED BY admin ON THE October 1st, 2020

Set realistic and actionable goals Businesses should set realistic and actionable small goals which they can work towards, rather broad goals which provide no direction. Setting broad and unrealistic goals is demotivating and makes any progress made seem insignificant. Every person in the business should be given a target to meet over a reasonable timeline […]

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What business structure suits your business?

POSTED BY admin ON THE September 24th, 2020

An important decision to make before you start a business is what structure your business will run under. This will reflect into all facets of your business, so you should spend time understanding the implications of each structure. Sole Proprietorship You have complete control of your business. Your business assets and liabilities are not separate […]

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How will the NZ government tackle its COVID debt?

POSTED BY admin ON THE September 24th, 2020

The New Zealand government is attempting to make changes to reduce the debt that it has incurred in its efforts to stabilize the economy during COVID. The Labour party announced a new top tax rate (39%) which would apply to those earning over $180,000 – this would bring in 550 million dollars each year. However, […]

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