Calculating your provisional tax

POSTED BY admin ON THE May 10th, 2019

For business owners or those who are self-employed, your income tax is paid in several instalments instead of a lump sum at the end of the year. This is referred to as provisional tax. Provisional tax must be paid for individuals who owed more than $2,500 of tax at the end of the year for […]

[ read more ]

Posted in tax | No Comments »

Handling negative feedback

POSTED BY admin ON THE May 6th, 2019

Customer complaints are an inevitable part of running a business. How you handle negative feedback can help or hinder retaining existing customers. Complaints can be a great learning tool for businesses looking to improve their services, products, customer satisfaction and overall competitive edge. Poorly handled complaints can see customers withdraw their business and encourage others […]

[ read more ]

Posted in business | No Comments »

Accounting during every stage of business

POSTED BY admin ON THE April 29th, 2019

Professional help with accounting and financial decisions is useful at every stage of business. Accountants can assist with a variety of tasks during different periods of operation within your business to improve strategies for long term stability. Having a dedicated accountant gives you more freedom to concentrate on running other aspects of the company. Starting […]

[ read more ]

Posted in business | No Comments »

Ensuring your invoices are paid on time

POSTED BY admin ON THE April 29th, 2019

Having a healthy supply of cash is vital for the survival of small businesses, as it is required to operate and enables you to pay workers, rent and other expenses. Unpaid invoices can lead to poor cash flow, a significant reason small businesses fail. Late invoice payments can add to the strain of being restricted […]

[ read more ]

Posted in money | No Comments »

The pro’s and con’s of using someone else’s money

POSTED BY admin ON THE April 1st, 2019

Borrowing money to invest, also known as ‘gearing’, can be a risky business. While it can increase your returns when markets rise, losses can be extreme when markets fall. It is important to understand the risks involved when deciding whether borrowing to invest is right for you. Benefits:The main benefits of borrowing to invest are: […]

[ read more ]

Posted in money | No Comments »

Cashless business

POSTED BY admin ON THE March 25th, 2019

Advancements in technology continue to digitise our world, including financially. In recent years, more businesses and events are turning to cashless systems. Whilst cash still remains popular in businesses dealing in small purchases, such as cafes, if you run a business that handles larger transactions, changing to a cashless system could benefit you in many […]

[ read more ]

Posted in business | No Comments »

Secondary tax changes

POSTED BY admin ON THE March 25th, 2019

The Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill passed its third reading on 13 March and will now come into effect on 1 April. The bill amends incorrect secondary tax codes, relieving workers with more than one job who have previously been paying too much tax annually. The IRD will […]

[ read more ]

Posted in tax | No Comments »

Raising early stage capital in your business

POSTED BY admin ON THE March 18th, 2019

Raising capital is a step that every startup faces. When a business is brand new, the question of how to get money must be addressed. If you intend to launch a business that needs significant capital expenditure, such as a retail business or a company that employs several other people, then you won’t get far […]

[ read more ]

Posted in business | No Comments »

Before selling your business

POSTED BY admin ON THE March 8th, 2019

Deciding to move on from your business can impact a lot of different people. When selling your business, you will need to consider the effects on all areas of operation from the actual transfer of ownership to the impact on day to day operations. While it is easy to get caught up in the price […]

[ read more ]

Posted in business | No Comments »

Succession planning for small businesses

POSTED BY admin ON THE March 8th, 2019

Retirement is a big commitment and even more so for those who are self-employed or run their own business. All the factors that go into the decision to retire are magnified with a business to consider. Selling or closing are not the only paths if you choose to move on, this is why succession planning […]

[ read more ]

Posted in super | No Comments »

Next Page »« Previous Page
  • Firm journal archives

  • Firm Journal categories