Goals are what drive the long-term performance of your business. Agreeing on clear targets, and measuring your progress over time via key performance indicators (KPIs), helps you to understand exactly where the business is going. But how does this kind of performance management work in practice? Track your performance with KPIs Tracking your goals via […]
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Making your business work for you: investing in your passions
You’re passionate about your business. But what other areas of life are important to you? Running a business can become all-consuming, if you let it. That’s why it’s crucial to focus on your work/life balance, reduce your stress levels and make time for other passions in life. Managing your time to balance work and play […]
The importance of having a business adviser
It can be lonely at the top when you’re running your own business. As the owner manager, the buck stops with you and that can result in all the pressures of financial management, people management, strategy and business performance ending on your shoulders. To ease this pressure, it’s helpful to have a business adviser. An […]
Keeping your business cash liquid – the difference between cashflow and profit
The fundamental goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your enterprise. But how does profit differ from cashflow? And why is cash king? How do profit and cashflow […]
Fixed Assets – New Government Assistance
When a company purchases fixed assets—such as buildings, vehicles, machinery, or equipment—it is making a long-term investment rather than an expense that immediately affects its profits. These assets are important because they help the business operate and grow, but they also impact the company’s financial records in several ways. Instead of simply deducting the full […]
The Fundamentals of a Business Budget
The Fundamentals of a Business Budget A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and […]
Coping with the skyrocketing cost of living
Coping with the skyrocketing cost of living Whether it’s refilling your petrol tank or paying at the supermarket checkout, the higher cost of living is hitting every household hard. Across the world, everyday essentials have surged in price across the OECD. What can you do to try to keep up with the increasing cost of […]
Get in control of cashflow
Get in control of cashflow It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When you bring in more money than you spend, you have extra cash to keep the business running and to invest in growth. If your spending starts to outpace your earnings, you’ll quickly run out of cash, […]
Changes to the minimum wage: what this means for your payroll
Did you know that the minimum increased from April 2025? Any increase in wages can have a significant impact on your payroll costs, cashflow and the profitability of your business. So, being aware of the minimum wage is a must. What are the main changes to the minimum wage? The Government has recently announced a rise […]
Reducing the uncertainty: key ways your accountant can assist
Knowing what’s around the corner is hugely valuable as a business owner. We live in a world full of unknowns, which makes it hard to foresee how the business world will evolve and figure out what steps to take next You can’t change the evolving economic, political and business threats in the world. Below are […]
25% of NZ businesses will sell up this decade: how to optimise your Return On Investment
One in four small and medium-sized Kiwi businesses are expected to sell up over the next decade, as the baby boomer generation retires – according to research by Link Business Brokers. With today’s unstable business climate, selling your small business might not guarantee the ROI you want. Uncertainty and external challenges could be driving your decision […]
Understanding Your Balance Sheet
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the Statement of Cash-flow, these reports provide a complete understanding of […]