When you are first setting up a business, understanding exactly what you are setting out to achieve can be a daunting task. But a business plan takes some of that stress away by helping to cement your business idea into achievable goals. It can be as simple as dot pointing your strategy on the back…
All businesses, at one stage or another, will have to go through significant change. During the last few years, it’s safe to say that many businesses have felt the impact of these changes, whether they were big or small. Change is necessary for growth but accepting the need for change can be difficult for some.…
Employer superannuation contribution tax (ESCT) refers to the tax that is taken from any cash contributions made to your employees’ superannuation accounts, including KiwiSaver. The rate of ESCT to deduct can vary for each staff member, making it necessary to ensure that you follow all of the required steps as an employer. At the beginning…
Preparing a business for sale is a complex and often long-term process, which requires a lot of preparation and planning. Yet few business owners are prepared when it comes time to be sale-ready. Exit planning involves careful preparation and consideration of the business, tax and legal implications. Here are five tips to help business owners…
After the stress of the holiday period, there are plenty more times throughout the year that cashflow issues can become a recurring problem that you need to get on top of. Small businesses with cash flow problems may put themselves at risk of failing or suffering significant financial hardship. Cash flow provides a business with…
Purchasing a home is a major financial decision that people take very seriously. Often, knowing exactly what it is that you’re looking for in the property and its surroundings can be a major deciding factor in what you choose to buy. In some instances, these factors can be major value-adding boosters to the property which…