Author Archives: Lorita

New 39% Personal Tax Rate For Highest Income Earners

In December 2020, the NZ Government passed legislation to implement a new personal tax rate of 39% for those with personal incomes above $180,000. This new rate comes into effect from 1 April 2021 (the 2021-2022 income year). What You Should Know As with any changes in tax, there are knock-on effects that you should […]

If my business is making a profit, where is the cash?

Cashflow

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons […]

COVID-19 Business Update – July 2020

Financial Boost for Public Health Services As we are going to be living with the impacts of the COVID-19 pandemic for some time, Minister of Health Chris Hipkins has announced a boost in funding for public health of more than $300 million. The funds boost to Pharmac will purchase medicines and medical devices to respond […]

Business lessons learned during COVID-19

If you’re like many small business owners you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-a-lifetime scenario, the truth is there is a lot in life and in business that is uncertain, and there is a great deal we […]

Creating an Effective Performance Target: 7 Key Questions to Ask

It’s essential for any business to have a robust set of performance targets for its workforce. These will drive employees to achieve in the areas that are critical for success. Therefore, it’s important to ensure that the targets are calibrated correctly in order to realise the desired results. Before introducing any new target, make sure […]

Covid-19 Business and Financial Planning

We understand that cash flow is going to be very concerning at this time, we have just successfully applied and registered with NZTE Regional Business Partners Network (RBPN) to become a service provider under the Capability Voucher Scheme. What this means is that through the Covid-19 financial assistance scheme you can apply for a $2,000 Capability […]

Managing a cash crisis

Dealing with a sudden cash flow crisis, even if you’re working hard to avoid shortfalls, is hugely distracting and stressful. A formerly reliable customer might take much longer to pay than anticipated or a large consignment might fail to show up, leaving you out of pocket. If you’re starting a business, it could simply be […]

Guide for developing a Business Continuity Plan in response to COVID-19

In these unprecedented times, it’s important to remember that we’re all in this together; everyone is impacted by Covid-19, from our team, to our customers and suppliers. We’ve prepared this guide to help our clients navigate through these uncertain times by working together to help keep businesses alive and people employed. We can’t stress enough […]