Are you a busy business owner? Why should you improve your financial intelligence? Running a business without understanding your numbers is like driving a car without a steering wheel. As any business owner should know, there’s a direct correlation between financial literacy (what Q2 call financial intelligence) and business… Read More
Continue ReadingBackground At 26 June 2019, the new Property Ring-Fencing Rule received Royal Assent, back-dated to take effect from 1 April 2019. The legislation change seeks to prevent property investors from investing for capital gain: a tactic supposedly used by investors who make consistent losses. Because New Zealand does not have… Read More
Continue ReadingManaging provisional tax is one of the biggest challenges of running a small business. But now there’s a new way: AIM. AIM (Accounting Income Method) is an initiative from Inland Revenue which allows you to work out your tax in real time. You fill out an AIM return… Read More
Continue ReadingA balance sheet is also known as a ‘statement of financial position’ because it provides a snapshot of your assets and liabilities – and therefore net worth – at a single point in time. Regardless of terminology, many business owners neglect to review their balance sheets. This is a tragedy waiting to… Read More
Continue ReadingBoth IQ (relative intelligence), and EQ (emotional intelligence) are important for business success, but so is FQ (financial intelligence). Q2 Ltd define FQ as “knowing, understanding, and acting on your numbers”. The following are 10 reasons why business owners need Financial Intelligence: Garbage in, garbage out – just pushing a… Read More
Continue ReadingOn the twelfth day of Christmas, My Q2 sent to me, Twelve-monthly newsletters, Eleven great business tips, Ten valuable workshops, Nine various tax returns, Eight huge tax credits, Seven awesome touch points, Six GST refunds, Five reasons to love, Four… Read More
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