The trust that your customers place with your business often revolves around the personal information that they have shared with you. Contact details, payment information, even their demographical data are stored within your databases. That’s why it’s critical that your business maintains confidentiality and the trust that has been established with how you use their…
Promoting a fair and equal workplace is not only a common concern for leaders of corporate giants but a challenge for small business owners as well. Your team is essential to the long-term success of your business, so it is vital that each staff member has an equal opportunity for recognition and reward, no matter…
The easiest way to ensure that your business is receiving the payments from invoices without delay is to remain transparent with your customers throughout the process. Getting an invoice paid on time starts with making it easier for your customer to pay. Create Detailed Invoices Create for your customers an invoice that includes the essential…
When you are first setting up a business, understanding exactly what you are setting out to achieve can be a daunting task. But a business plan takes some of that stress away by helping to cement your business idea into achievable goals. It can be as simple as dot pointing your strategy on the back…
All businesses, at one stage or another, will have to go through significant change. During the last few years, it’s safe to say that many businesses have felt the impact of these changes, whether they were big or small. Change is necessary for growth but accepting the need for change can be difficult for some.…
Employer superannuation contribution tax (ESCT) refers to the tax that is taken from any cash contributions made to your employees’ superannuation accounts, including KiwiSaver. The rate of ESCT to deduct can vary for each staff member, making it necessary to ensure that you follow all of the required steps as an employer. At the beginning…
Preparing a business for sale is a complex and often long-term process, which requires a lot of preparation and planning. Yet few business owners are prepared when it comes time to be sale-ready. Exit planning involves careful preparation and consideration of the business, tax and legal implications. Here are five tips to help business owners…
After the stress of the holiday period, there are plenty more times throughout the year that cashflow issues can become a recurring problem that you need to get on top of. Small businesses with cash flow problems may put themselves at risk of failing or suffering significant financial hardship. Cash flow provides a business with…
Purchasing a home is a major financial decision that people take very seriously. Often, knowing exactly what it is that you’re looking for in the property and its surroundings can be a major deciding factor in what you choose to buy. In some instances, these factors can be major value-adding boosters to the property which…
Since an employee’s retirement savings outcome is ultimately impacted by decisions made today, some employers may feel the need to help their employee’s find a fund that best suits their financial situation. It is more than likely that the majority of a business’s employees respond to the challenge of running their KiwiSaver by simply choosing…