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Tax planning helps you do more with your money Tax planning is a strategic approach to managing your business’ financial affairs, with the aim of legally minimising your tax liability. In other words, you plan ahead to make sure you pay the taxes…

What are your business goals for the year ahead? The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement.…

It’s tough at the top (and that’s why you need a business coach) Being a business owner can be immensely rewarding. But it’s also a highly pressurised and stressful vocation to choose. The business journey can be full of pitfalls and challenges that…

Plain English guide to cashflow Why is cashflow so central to good financial management? Here’s our plain English guide. What is cashflow? Cashflow refers to the movement of money into and out of your business over a specific period. In the most…

Which business expenses can you claim against tax? Simple Strategies Newsletter | September 2023 Incurring expenses is an unavoidable fact of running a business. But which expenses can you claim tax deductions against and which don’t meet the…

New GST invoice rules – making life easier Simple Strategies Newsletter | April 2023 No more piles of receipts and invoices required! Dealing with GST invoices is now much simpler. Inland Revenue’s new rules, from 1 April, 2023 aim to modernise your…

As a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have changed, customer behaviours have mutated and revenue streams have had to evolve and pivot in order to maintain a…

Cashflow and profit are two of the most important financial metrics for any business. But while they’re both related to the financial performance of a company, they measure different things. Knowing the difference – and how cash and profit…

A business mentor can provide guidance and support, so you make the right decisions and stay focused on the end goal as a business owner. They can also help you move forward in your career by providing advice and feedback on what steps to take to…

Turning a profit will be high on your list of goals as a business owner. And if you want to generate the best margins, that means keeping an eye on the money that’s going out of the business, as well as what’s coming in. So, how can your accountant…