Buying an existing business can be a great entryway into being a business owner – but it does come with challenges. Following these steps might make it easier for you to make sure that the business you buy is right for you. Understanding if you are ready for business: This doesn’t just involve the financial…
When checking through your transactions, you might come across a transaction that doesn’t look right. If this is the case, you should get into contact with your bank as soon as possible. An unauthorised transaction: Money transferred from your account without your permission A mistaken transaction: Paying the wrong person by using the wrong details…
The business management style you adopt will depend on the needs of your business, what motivates your employees, and your style of work. Therefore, you do have some flexibility when it comes to the choices you make and how you manage your business. However, there are some which you should always avoid due to the…
Individuals should regularly check whether their Kiwisaver fund is right for them and not shy away from switching funds to a more suitable one if they are not appropriate. The following points are what you should focus on when reviewing your fund: Is the fund suited to your situation – depending on which stage of…
Customers trust businesses with a lot of personal information and it is the business’ responsibility to maintain confidentiality. Businesses should take relevant precautions to ensure that the privacy and personal information of their customers is not compromised. Encrypting the information you receive from customers: There are programs available which encrypt information that customers send to…
The following are some tips which will make it easier for you to stay on top of your credit card payments so that you can worry less and save more. Pay on time Check when your credit card due date is and plan your spending so that you can always pay before the date. By…
Provisional tax helps manage income tax payment. Rather than paying a lump sum at the end of the year, you are able to make repayments throughout the year. There are 4 main options available to work out provisional tax: Standard Based on your previous year’s residual income tax (RIT) plus 5%. This is particularly useful…