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Is it time to get a new financial advisor?
Loyalty can be an admirable quality, but there are times when it’s just plain crazy. Take, for example, a new client of mine who was desperate for advice but was too scared to even contact his previous...
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Creative offers to use for your email marketing
A great way of building your email marketing list in a legitimate, permission-based way is through offering valuable content to email subscribers that incentivises them to act and positions you as an...
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Tax Debt – The Way to Financial Disaster
Let’s be honest – 28 August is one of the worst days of the year. Yes, that’s the day those of us in business have to pay our GST and Provisional Tax, a depressing day indeed. Just why the IRD …...
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10 key skills you need to succeed in business
Having been at the coalface of business for over 30 years, I’ve seen many business owners succeed and many fail. In my experience, there’s no simple answer as to why, but there are a number of common...
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Quote of the 20th Century
“No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel...
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6 risks to think about before buying a franchise
Starting a business can be risky, and buying a good franchise can be an effective way of minimising the risk. However, there is still a substantial amount of risk involved in purchasing a franchise,...
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Making payments to IRD – What’s Changed?
IRD are changing some of your options to make payments to them as of 1 October 2014. Paying at Westpac If you’re used to paying your tax through Westpac, you won’t be able to pay by cheque any more or...
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6 things you need to do before you buy a business
It’s fairly easy to buy a business but much harder to sell one, so before you take the plunge and lock yourself into a potentially bankrupting financial commitment, there are a number of things you...
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5 things you need to do before selling your business
Did you know that the average age of business owners in New Zealand is around 58 years old? Unless they’re going to work until they die (thanks BNZ, great commercial!) this means there’s going to be...
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How to handle issues with the IRD
You should also avoid asking the IRD for advice. If you ask what they consider to be easy questions, it’s a bit of a giveaway that you don’t know what you’re doing. That means they might come a-calling...
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How can I run my business more efficiently?
If you’re going to risk your future and personal prosperity in a business, it makes sense to run the business as efficiently as possible. This will reduce stress, give you more opportunity for leisure,...
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The Importance of Shareholders Agreements
When anyone is buying into an existing company, or setting up a new company with colleagues, friends or even family, it is essential to document how the relationship is going to work and set ground...
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How to win with income tax
It’s a sad fact that tax is a big part of being in business. Not only do you have to pay over a large chunk of your money to the IRD in various taxes, but like it or not, you … Continue reading →
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So, what do your prospects want?
The Native Americans had a beautiful definition of empathy. They said that you cannot know a person until you have spent at least 3 moons in their moccasins. The problem for many business people is...
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What’s Good (and Bad) about Cloud Accounting
Fashion and clever advertising has a huge influence on our lives, especially where technology is involved. Sometimes this can be positive but often it’s bad for us e.g. you see folks out and about who...
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How to win with GST in New Zealand
Like all taxes, GST can be complicated, but for most business owners it can be pretty straightforward once you get to grips with the basics. To do so, it’s necessary to understand how GST works. Many...
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Bolster your bottom line
For new businesses in that critical early period, cashflow is a vital part of staying afloat to establish and grow the business. Established businesses also know the importance of cashflow to help you...
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10 ways your accountant can help you increase your profit
If your business is not generating the amount of profit that you would like and deserve, then the first person you need to contact is your accountant. Let’s face it, accountants are the last trusted...
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ACC – Understanding the basics of the Accident Compensation Corporation
ACC is a major business cost, especially for those in trades or lines of business where accident rates are high, yet many business owners just pay ACC bills willy-nilly without checking their...
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Is your activity a business or hobby?
Albert makes (and sells) wooden toys from his home. He is running a business. Jill also makes (and sells) wooden toys from her home – but she does it as a hobby. This article explains the approach used...
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