Financing the Growth of your Business

How much and what type of finance a business needs to survive is unquestionably one of the most important aspects of management when it comes to running a business.  It is also the least understood. As a business grows it requires more resources unless, of course, it grows by means of a more effective allocation of its existing resources.  However, even if this is the case, further growth will ultimately…  Read more

The Labour Party Fiscal Policy

The Labour Party’s Fiscal Plan was recently announced and, of course, being a Chartered Accountant, I was naturally drawn to their tax policy. Now, tax policy by itself, won’t hang a government or hand the reins of power to a new government, but it is surprising how heated some people can get about tax policy and there will be plenty of arguments aired from either side of the centre line…  Read more

Challenges Associated with Managing Time

Everyone only has 24 hours in every day, yet some people appear to be able to achieve more than others.  Why is that?  It’s because they know exactly what it is that they want to achieve. In order to better manage time it is vital to set your direction, ensuring you’re on track and the goals you’ve set are being met. There are two types of goals – short term…  Read more

Drug ban shows need to manage risks

Like it or not, last week’s announced ban on sale of legal highs will have a major impact on those businesses that were doing the trade – a business risk they probably hadn’t accounted for, in the short-term anyway. This combined with ongoing bad weather events devastating farms around the country and predictions of worse to come as we head into an El Nino cycle – are graphic reminders of…  Read more

Money Matters – Easier rules for small businesses

New financial reporting rules for small businesses take effect from 1 April 2014 putting in place the new reduced reporting framework established by The External Reporting Board (XRB), New Zealand Institute of Chartered Accountants (NZICA) and Inland Revenue. Inland Revenue has given details on the new framework of minimum reporting requirements for companies that are no longer required to prepare general purpose financial statements. Given that these changes are likely…  Read more

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