For most small businesses, administration is a necessary evil and can devour a significant portion of each business day. It is non- revenue generating and costly, once the time spent on administration functions is quantified. Using technology effectively is one way to reduce administration time and cost. Payroll is an… 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
Continue ReadingIf you are trading as a company you will already have a NZBN as all companies get a NZBN when incorporated (go to https://companies-register.companiesoffice.govt.nz/ and type in your company name to check the NZBN). But other trading entities such as sole traders, trusts and partnerships can apply for one… Read More
Continue ReadingUnless you are a retailer or in hospitality the Christmas period is often cashflow negative. Not only do many Kiwi businesses shut down for 3-4 weeks thereby losing sales for that period, most business have the triple whammy of holiday pay/STAT days payable, as well as GST and provisional tax… Read More
Continue ReadingBackground While most employers now use payroll software, there are still some businesses keeping manual wage records. Modern payroll software is simple, reduces time and errors, and takes care of laborious and complex payroll calculations. IRD introduced “Payday Filing” in April 2018 and will make it mandatory from April 2019. … Read More
Continue ReadingRecently Spark announced a complete restructure of their business by transitioning to an “Agile” way of working. The Agile method creates small units whose team members come from a variety of traditional business functional areas to work together on projects. For example, each project team would have someone from operations, marketing, sales, finance, IT, etc. Each team has projects that they work on together, often with tight and finite time frames for delivery. This is a bold initiative aimed at speeding up a large business, making it structurally less hierarchical and more dynamic. Really, Spark is trying to operate more like a small business! Read More
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