nzsmallbusiness

Giving gifts to clients (think about the tax)

The season of giving is on us. While the fun part is thinking about parties and presents, take a moment to remind yourself about the tax rules. If your Christmas giving includes gifts to clients, remember that some gifts will be fully deductible while others will be only 50% deductible. The rule of thumb with […]

Be canny with cash flow

In the race to have everything done before the Christmas closedown, make sure to take some time to look at your cash flow and plan for the new year. January is a month with some key tax dates, a lot of things falling due on 15 January, in particular. As well as the usual PAYE […]

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Manage your Christmas cash flow

Christmas can cause a cash flow crisis for small businesses, but you can prevent problems from spilling into the New Year: Get your invoices out early. Ensure December and January invoices go out well before Christmas to give your customers the chance to pay before the break. Encourage customers to pay before Christmas if they […]

Keep cash crowned as king

If you want to succeed in business, understand that cash is king. Your business won’t survive without it. The following six takeaways are essential for business success: Protect your cash position, by knowing what it is. Build a cash flow statement and always keep it up to date. If you foresee a shortfall, start at […]

Understanding your revenue drivers

For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]

The Value of Cashflow Forecasting for Your Business

Projecting your cashflow pipeline forwards is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Plus, when you have access to detailed forecasts […]