This is a question, I often get asked. My very short answer to this usually is absolutely. Most online payroll software systems in New Zealand give you the option of acting as your IRD intermediary. This means that not only do they manage the payment of your staff, but they can manage the lodgement ...

If you’re a business owner in New Zealand, then you’ve just started a new financial year. But what about the old one? Did it pass by almost unnoticed? Or was there a lot of last-minute work involved before you crossed the finish line?

Business owners and their accountants put a lot of emphasis on h...

As you know, there’s a lot more to running a business than just the numbers. There’s the relationships, the communication, the products, the services, the marketing, the sales, the systems, the visual merchandising…

You get the idea.

But those numbers play a part in every aspect of your business. ...

Cash flow for small business is like blood for our bodies. No lesser light than Sir Richard Branson said exactly that:

“Never take your eyes off the cash flow because it’s the life blood of business”

You would think that such sound advice from an astute and experienced doyenne of the global busine...

Wondering how your brick and mortar retail business can thrive, rather than merely survive?

You don’t need me to tell you that retail in the digital age is a major challenge for store owners. I don’t pretend to hold ALL of the answers, but it helps to listen to some of the best in the business.

Pi...

Recently, we looked at the importance of data and how gaining insights from this data is the first change that retail store owners must make.

But there’s a second change required to thrive at retail in the digital age.

This is to prioritise the customer experience above practically everything else...

I hear it everyday – from clients, from friends and even from people I’ve just met. They’re scared of numbers. Numbers make them uncomfortable and they simply don’t know what to do with them.

That’s not great news if you’re running a business.

The good news? You’re not alone and help is out there....

Starting a new business is both a daunting and exciting experience, SO much is going on, your head swirling around with a million ideas and a to-do list that’s longer than a test match.

But before you get too lost in the mayhem, you need to ask yourself one question:

What should I focus on first?

Let’s get back to talking about cash flow. And let’s bring the focus to Accounts Receivable. Ready? Here we go.

Remember THIS article, where we identified seven major areas that can affect cash flow? Accounts Receivable is one of these areas. So, let’s go into a little more depth about the ways in ...

While understanding profit vs. cash flow is key in the initial phase of starting a small business, it’s cash flow that must be recognised as the life blood of any business.

It’s therefore important to take concrete steps to improve cash flow in a small business: the following two simple steps can h...

Business owners often sit down in January and use the time to take stock of their businesses. They make a business plan outlining the goals they’re hoping to achieve in the year ahead.

This is all well and good but what happens when you get back to work? You get distracted and lose sight of the goa...

Currently employers are obliged to report payroll statistics to Inland Revenue once a month or twice a month depending on the size of the payroll. This will change so that the Payroll statistics will be reported to Inland Revenue per payday.

How does this affect me?
If you are an employer it affects...