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The purpose of a business is to make money, and that means you need to know the difference between profit and cash flow.prof
Net profit is what you have left after you deduct all your business...
Running any kind of business is tough work. But when you add in the additional challenges of running a family business, things can begin to get complicated – and personal!
In a family...
One of the inescapable realities of running a small business is your impact on the environment. The carbon footprint of your delivery vans, the effect of your packaging on the natural world, or the...
You keep your system firewalls current with regular updates and a switched-on IT provider. What about the human factor?
Scammers using social engineering can fool business owners and employees into...
There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food...
Small and medium-sized enterprises (SMEs) make up 97% of all businesses in New Zealand. As the owner of an SME, you’re doing your bit to provide employment, aid the economy and put Aotearoa...
Projecting your cashflow pipeline forwards 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...
It can feel challenging to chase up payment of invoices when the economy has been down, but it is important to keep cash flowing into your business so you can cover expenses and meet your...
About the standards
The healthy homes standards, which became law on 1 July 2019, introduced minimum standards for heating, insulation, ventilation, moisture ingress and drainage, and draught...
People who are buying and selling properties for profit are being warned they could get a tax bill, even if they hold the house for longer than two years - and even if they have lived in it...
Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities...
In today's digital times, you're probably used to having unrivalled access to your financial numbers, key performance indicators (KPIs) and cashflow metrics. Without good bookkeeping, the speed and...