In tough economic times, defining your financial risks is a superpower. Identifying your financial risks and implementing mitigation strategies is key to surviving economic downturns. After all, if you keep doing what you’ve always done, you won’t keep getting what you’ve always got – you’ll get less. Everyone is feeling the pinch. Businesses are hit …
Are we heading for a housing oversupply?For the past decade, New Zealand has had an undersupply of houses – the usual estimate was that we were about 75,000 properties short of what our population needed. The shortage was most acute in Auckland. Now, with house prices having dropped significantly and building consents at record highs, …
Since the Health and Safety at Work Act 2015 came into place, specialised advisors and consultants have been popping up all over New Zealand. But how do you know who’s genuine? Rebecca Jenkins from Livewire HR has some insights. It’s all about doing your groundwork. What should businesses look for when seeking help? The old …
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 »
There have been a lot of rule changes for trusts over the past few years – and now Inland Revenue has introduced another tweak, one you need to know about if you use trusts to protect your assets. Who’s who when it comes to trusts To understand the new rule, you need to know the …
Watch out for new trust rules that have the potential to put your assets at risk 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 …
Between Covid restrictions, a downturn in income, government payouts, and tax breaks, we understand if your head is spinning as the financial year wraps up. That’s why we’ve done a round-up of relevant tax information you may have missed, so you can make sure everything is in order and there are no surprises come 31 …
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 …