How many times have you heard someone refer to their business as their “baby”?
It’s a common analogy and one we can all relate to given the blood, sweat and emotional tears we put into our business, when we decide to take that leap of faith and build our own dreams.
One of our team was using …
What is a Shareholder Current Account (SHCA)?
It sounds simple. You own the shares in your company; you have the cash in the bank so you can just withdraw the cash and spend it how you wish, right?
Actually, it’s not that simple – because your company is viewed as a separate legal entity (person), any money it generates is …
The new financial year is a great time to set New Year’s Resolutions for you and your business.
Resolutions aren’t just for making you accountable to join and go to a gym. They can be very useful in the realm of small business, helping you focus on goals and aspirations for the year ahead. Here’s nine goals to …
Don’t Forget Stock Takes and Write-Offs
For the majority of taxpayers, 31st March represents the end of the tax year. There’s things you can do before the end of the financial year to help minimise your next tax bill and tidy up the books ready for a new year.
IRD requires that stock on hand …
Do You Need a Contingency Plan For Property Investment?
The government is extending the bright line test for property so that residential properties will be taxed on any gains, if they’re sold within five years of purchase (instead of the current two years). The extension will apply to residential investment properties purchased from the date on which the bill …
Thanks to the huge range of accounting applications available for today’s small and medium-sized businesses, it’s easier than ever to keep an accurate record of where your business’s money is going.
While accounting software has made bookkeeping and accounting easier for small businesses, it has also made errors and accounting mistakes much more common. Some accounting mistakes …
The biggest finance-related worry for small business leaders is managing cash flow. Nearly three-quarters of those surveyed cite this issue – as a key concern. There are five key issues affecting small business owners the most:
Managing cash flow
Being as tax efficient as possible
Understanding the profitability of the business
Not having an up to date picture of business performance
Raising finance …
Why do sound business values help you achieve freedom in your business?
I mentioned in the previous article how Business Competencies and Business values have direct impact on the financial results you achieve. Business competencies tie in to the acronym LUCK, which connects with the qualities needed most to be a successful CEO of your …
How do you keep your business sustainable? Of course there is more to it then LUCK – check out how this acronym can help create positive results in your business.
Business Competencies and Business values have direct impact on the financial results you achieve. These aspects are interrelated with both the Profit you earn and the long …
As a part time CFO (Chief Financial Officer) for small/ medium businesses, I meet people who struggle with dealing with slow paying debtors. The extra time needed to chase up people who should have already paid, although both frustrating and inefficient, is a critical process for the overall success of a business, solopreneur or contractor.
Left alone, …
We’re excited to be collaborating with some really great training programmes. Here’s a list of events being run by Love to Grow and our partners.
Great at what you do but want to be more confident with the numbers? – Welly April 2016
Are you running a small business but just don’t feel you’re getting the financial rewards you deserve? Want …
Winning an award is always a great experience and it generally affirms the work you have placed into achieving your goals and passions.
On Friday we won the Excellence in Leadership award at the Wellington Region Business Excellence Awards 2015 and while we try not to ‘shout out’ about our successes it did make me reflect on what being in business …