Just a reminder that from 15 September 2022, the monthly retail price of Xero Starter, Standard and Premium plans is increasing in New Zealand by $2 + GST. If this affects you, you will notice a change in the October invoice from us to you. Please ensure that you update your monthly payment. If you …
The impact of Covid-19 has shown us that even profitable businesses can go broke if they run out of cash. Understanding and managing your cash conversion cycle frees up your cash and helps you build a cash war chest to get you through tougher times. Your cash conversion cycle is the number of days your …
Shortening your cash conversion cycle to free up cash Read More »
Inland Revenue was taking a much more relaxed approach to outstanding tax debt during 2020 and 2021 – but now it’s ready to crack down. Since the start of July, it has stepped up its efforts to pursue outstanding amounts from local businesses. PAYE and KiwiSaver payments will be the first priority The amount of …
Measures to help support businesses adversely affected by COVID-19 were introduced in waves. Over time, some measures were changed or added to. We put together this update to clarify where we’re up to with all of them. Let us know if you’re worried about not being able to pay your tax on time, if your …
Businesses struggling with revenue during the Omicron outbreak can apply for new targeted funding, as announced by the government on Monday 21st February. Applications for the first payment open on February 28, with payments starting from March 1. There will be 3 payments in total, available on a fortnightly basis. The new scheme is based …
New financial support for businesses affected by Omicron Read More »
Changes have been made to the Small Business Cashflow Loans Scheme to increase the amount of funding available to eligible businesses through the introduction of a ‘top up’ loan. The top up loan will allow those firms that have already accessed a loan to draw down an additional $10,000 with a new repayment period of …
Projecting your cashflow pipeline forwards during a crisis is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Plus, when you have …
The value of cashflow forecasting during a crisis Read More »