News
Beat the Christmas cash flow blues by planning ahead
For many business owners, the Christmas-summer holiday is a four-to-five-week break from business as usual.This lengthy period of irregular cash flow highlights a problem many small businesses already have — lack of money to see them through quiet times, says Paul Pettit of Deloitte Private.He outlines three common problems small business owners face at this time of year: Not receiving the ...
Why do we pay tax?
New Zealand's laws require people and organisations to pay tax. IRD collect taxes on behalf of the government, who use the money to benefit the New Zealand community. If people don't pay their fair share, everyone misses out. This means that important public services such as education, hospitals and healthcare, roads and welfare could be underfunded. Almost all New Zealanders make ...
How to tax income from private boarders
If you receive income from private boarders, including student homestays you can choose either the standard-cost method or the actual-cost method to work out whether you have to pay tax on this income. The standard-cost method The standard-cost method uses an average price for basics such as the cost of food, heating, power and transport. The amount is an average across the ...
If disaster strikes, what happens to your tax, bills and any staff?
Emergencies that force you to stop trading, like earthquakes, floods or fires, come with little or no warning. To give your business the best chance of survival, you need a contingency plan. Make sure it includes what happens after disaster strikes, when less — or no — money might be coming in. Contingency plans benefits It's all too easy for time-poor small ...
How to handle customer feedback on social media
By Ashlee Keown, Warehouse Stationery's Digital and Direct Communications Manager Complaints, questions or compliments posted on your business’s social media pages offer a chance to make a positive impact on what current and prospective customers think of your business. Quickly resolving a complaint, for example, can build credibility and goodwill amongst your followers. 1. Plan ahead Assign one person to manage social media ...