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 »
Would your business still thrive, or would it suffer a catastrophic failure if you suddenly stepped away? It’s tough to remove yourself from the day-to-day operations when you’re passionate and busy. However sudden accidents, illnesses, or family emergencies can – and will – happen and you need to be able to step back knowing your …
In 2021, Inland Revenue increased the top tax rate to 39%. That rate is higher than both the 28% tax rate for companies and the 33% tax rate for trusts. The new tax rate concerns Inland Revenue, because it doesn’t want people to use companies and trusts to avoid paying tax at the highest rate. …
Inland Revenue to clamp down on top tax rate avoidance Read More »
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 …
We see many business owners, who work tirelessly in their businesses and are excellent at what they do, neglect their strategy and execution plans. It’s the old adage: I’m too business working in my business to work on it. Whilst we’re here to support you when unexpected hiccups occur, we can do so more …