If you find yourself unhappy with your current bank, you may be looking to move across to a different bank. This could result from rising interest rates, lower fees with the other bank, or better perks associated with the other bank. You will need to consider many things before you break up with your bank…
Money is the lifeblood of business, and ensuring optimal cashflow keeps its heart beating and makes for smoother operations and its continuation. Sometimes, however, a business accrues debt during its operations. This could be due to a loan, start-up costs, inventory and stocking costs, or even invoices not being paid for services rendered. There are…
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…
An income equalisation scheme is offered to businesses in farming, fishing, forestry, testing, construction and mining industries. It operates as a method for businesses to even out income fluctuations by distributing their gross income from year to year. A special account is created for businesses where they can pay their income and earn an interest…
If you find yourself in possession of additional funds, you may be looking for a way to put that money to good use. There are many valid ways in which you might choose to use them – be it for a new asset, to pay off a debt, or to save further. If you’re looking…
Innovation is one of the pinnacles of good business practice. However, sometimes innovation isn’t a process that can be achieved by one person alone. In business, some of the best ideas and practices that your business might achieve could occur through collaboration. Most businesses will have understood the impact and importance of internal collaboration between…
If you’re looking into making investments or purchases, such as a house, you may have been hearing a lot about interest rates. Interest rates are the fee that you are charged for borrowing money, which is expressed as a percentage of the total amount of the loan. Often they are discussed as a key indicator…
Many businesses may have found that their positions and practices have required a rethink. You might have noticed that your business is now situated in a more digitised environment, or that your employees’ roles and responsibilities have had to change and adapt to accommodate new norms. There’s a growing need for skilled individuals to step…
The impact of COVID-19 may mean that there may be many New Zealanders who may have had to adjust the way in which their money is being spent. Most employed people have Kiwisaver payments deducted automatically from their pay, but did you know that you can add to your KiwiSaver savings at any time? …
Banking is often more complicated than you expect it to be with different types of accounts, fees and fine print to take into consideration. You are able to get more out of your bank account if you pay closer attention to certain details. Re-evaluate Your Bank – Is It Still Suitable? Due to the…