Management

6 secrets to getting prompt payment

If you’re struggling with late payments, and around half small businesses are, here are some simple strategies to use. Invoice without delay Your customer can’t pay until you’ve invoiced them, so make sure you send your bill promptly. Customers are also more open to paying when they’ve just received the goods or services that you […]

Your Christmas Party: A Small Business Guide to Tax Deductions

Christmas is just around the corner, and as a business owner, you’re busy planning the annual staff celebration. It’s important to know the rules, because while the party is a fantastic investment in team morale, IRD views it a little differently. Here is the simple, practical breakdown of how you can treat those party expenses […]

Service-based, wholesale, or manufacturing businesses can face declines in orders just when holiday pay, bonuses, and annual shutdowns see expenses rise. Worried about the summer squeeze? Try these. 1. Forecast to February Projecting your income and expenses well into the new year helps you spot potential shortfalls and take action before they become problems. 2. […]

Holiday cash flow for your small business

Are you heading away for a break from the business this year? This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday. Leading up to the holiday period, is your business cash flow in good health to carry you through? With […]

How an accountant supports your business: 5 key areas of focus

Your accountant just does your annual accounts and tax return, right? Wrong! A good accountant is in touch with you and your business throughout the financial year, checking in, finding out where they can help and offering solid, practical advice. Here are five areas of your financial management where talking regularly to your accountant is […]

Slow Payers Cost You Real Money

You already know you need to get your debtors to pay. But do you really understand the true impact of slow payers on your cashflow, your time, and your stress levels? When you don’t have a realistic picture of the cost of late payment, it’s easy for ineffective debtor-management practices to creep in. Before you […]