Main Causes of Stress for Business Owners & How to Counter Them

Many business owners believe that hard work and dogged determination are all it takes to build and sustain a successful business. But when you consider the pressures of running a company, it seems wise to add effective stress-management to the list. Left unchecked, stress can erode your passion and undermine performance – not to mention, take a serious toll on your health. Research reveals that over 70% of professionals regularly…  Read more

Changes to paid parental leave from 1 July 2020

From 1 July 2020, the duration of parental leave payments will extend from 22 weeks to 26 weeks and the maximum weekly rate for eligible parents will increase from $585.80 to $606.46 gross. The minimum payment rate for self-employed parents increases from $177.00 to $189.00 gross per week, which is equal to 10 hours of the current adult minimum wage. The number of ‘Keeping in Touch’ days will also increase…  Read more

How to build value in your business

Beyond COVID-19 – How to build value in your business We’ve said it before and we’ll say it again – this has been an extremely difficult few months for all of us, but there is no better time to think seriously about your business. In this article, we have compiled a few tips to create value in your business. The key to building value in your business is to plan…  Read more

How cash flow forecasts can help you

Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow simply means keeping track of how much money enters and leaves their business, but there’s actually more that goes into it.Cash flow forecasting, for example, is an incredibly valuable tool that helps you anticipate cash flow issues, plan for days when your cash flow is limited, and show the bank that…  Read more

Do you have a business plan?

Prepare a business plan for COVID-19 recovery (free template) You probably didn’t factor a global pandemic and national lockdown into your business plan! So now is definitely a good time to revisit your business plan for the next year. We know that writing a plan can feel like a big effort so we have created a template to make it easier. Please get in touch if you’d like to talk…  Read more

4 Tips for Getting Your Business Through Tough Times

If you’re a small business owner whose company hasn’t gone through hardtimes, that’s great but it’s likely to happen at some point. As much as wedream about being brilliant enough at business that we’ll never face slow times,there are many things beyond our control that can negatively affect our business. It’s highly likely that the Coronavirus and it’s resulting impacts, hasput some significant pressure on your business.  Here are four…  Read more

What level 2 might look like..

Prime Minister Jacinda Ardern has outlined what life will look under level 2, including details on retailing, hospitality, sport, education and travel, if Cabinet agrees to loosen lock down restrictions next week. No decision has been made to move to Level 2 just yet but the government is keen to do so sooner rather than later and it would be a phased approach. Businesses like retail outlets and hairdressers will…  Read more

Small Business Interest Free Loans to aid Recovery

The Government has announced a boost to cashflow support for small businesses to aid in their recovery from the affects of Covid19. The Small Business Cashflow Loan Scheme will provide assistance of up to $100,000 to firms employing 50 or fewer full time equivalent employees. The scheme is in the way of a loan from the government and will provide $10,000 to every firm and $1800 per equivalent full time…  Read more

Level 3 – what does that look like?

The Government has announced that New Zealand can safely move out of Alert Level 4 lockdown at 11.59pm on Monday 27 April. We are still in Alert Level 4 until then. We will hold at Alert Level 3 for two weeks, before Cabinet reviews how we are tracking and makes further decisions on 11 May. The shift to Level 3 is not hugely different for a lot of people, but…  Read more

Health Anxiety: How are you being affected by COVID-19?

With continuous media coverage, unverified stories on social media and uncertain outcomes, it’s common to feel overwhelmed and worried about your’s, or your family’s health and wellbeing. While these feelings are understandable, if they start to interfere with your everyday life, you may be experiencing health anxiety. What is health anxiety? Health anxiety is a mental health issue characterised by feelings of worry, anxiety or fear about your health and…  Read more

COVID-19 Economic Response

Economic Response Package Finance Minister Grant Robertson today outlined a $12.1 billion package to support New Zealanders and their jobs from the global impact of COVID-19. The global economic impact of COVID-19 on New Zealand’s economy is going to be significant, so we are acting now to soften that impact. The $12.1 billion package is worth 4% of GDP, a larger plan than that implemented in response to the Global…  Read more

Plan – Do Not Panic

Panic creates panic. Mass hysteria will not make it any better, so we all need to remain calm in the face of this virus and do our bit to ensure it is contained. If your business financials feel volatile, you’re not alone. We end up in the way we show up. Choose to be proactive and lead with a clear plan & communication. Here are some other ways business owners…  Read more

How to pay tax

Have you received the latest update from Inland Revenue with ways you can now pay your tax? Read on to find out more… No more cheques – pay online instead From 1 March 2020 IRD will stop accepting payment by cheque, including cheques dated after 1 March. The safest and quickest ways for you to pay tax is online – either in myIR or through your bank. For more information on…  Read more

New Decade, New Opportunities

Are you ready to take on the challenges in your business this decade? The start of the decade has been action packed already, with a lot happening both around the world and at home it can be difficult to set aside the time to reflect on what you achieved in 2019 and what your goals are for 2020 and the next few years. Starting your business is often an adrenaline…  Read more

How do I know if my business is successful?

For most small and medium business owners, you go into business to do what you love doing – whatever that might be. We know better than anyone that you didn’t necessarily go into business to be number savvy (unless that’s your thing!) so how can you make life easier when it comes to managing your business and understanding how it is performing? How do you know what areas are improving,…  Read more

Xero provides mental health support to Kiwi small businesses in 12 month trial

Mental Health is a major topic of focus across New Zealand, with more and more Kiwis finding it hard to get by some (or most) days. Xero have recently announced that the Xero Assistance Programme pilot (XAP) is now available for 12 months to all of the Xero starter, standard and premium subscribers, as well as all bookkeeping and accounting partners. Following earlier success of the limited trial of the…  Read more

Five things you need to know before Christmas

As Christmas draws closer, here’s a quick list of five things as an employer you should be aware of when it comes to minimum legal employment rights. 1. Is closing down a workplace at Christmas legal? Yes. An Employer may close down a workplace if the processed is managed lawfully. Employees must be given at least 14 days’ notice of the closedown. An employer may have a regular closedown once…  Read more

Another year comes to a close

Wow!  What happened to this year?  Am I the only one who lost June to November?  It seems every year goes by faster and faster and we are busier with life in general than ever before.  Not such a good place to be mentally, with life rushing by we don’t get to stop and smell the roses along the way, unless we consciously make an effort to.   The last few…  Read more

Tradie Cashies becoming a thing of the past

IRD is looking hard at tax crime in the building sector – are you declaring all your income? Have you had a customer ask for a cash discount? You know – so it doesn’t “cost as much” because it doesn’t have to go through the books. Who really pays for that discount? Tradies around the country who do undeclared cash jobs, discounted for their mates or simply to give the…  Read more

Need support with your business? Our Free Resources will Help