News
Entertainment expenditure - gifts of food and drink
The entertainment expenditure rules in subpart DD of the Income Tax Act 2007 limit tax deductions for certain types of expenditure to half the deduction normally available. One type of expenditure covered (with exemptions) is expenditure on providing food and drink off business premises. This means that spending on things like chocolates or a bottle of wine to give as gifts to ...
4 steps to get your growth moving
Helping New Zealand’s small businesses grow would benefit our economy — but many lack the time, confidence or both to set their sights higher. Andrew Hamilton, chief executive of The Icehouse, offers his tips. Kiwi business owners are the heroes of our economy. We know small business owners and operators tend not to sit back and relax — running a small ...
Keeping track of key metrics
Monitoring your key performance indicators, numbers and metrics are an important part of running a successful business. It’s not all about measuring profit and loss either. You don’t need to get caught up in the figures, but knowing which metrics to follow, and why, will help you spot problems and keep track of how you’re growing. There isn’t a “one size fits ...
Owed money? Tips for chasing debtors
Good cash flow is essential for the success of your business. To get paid on time, don’t let unpaid invoices and debts build up. In an ideal world, you’d get paid as soon as you sold your goods and services or sent an invoice. But in the real world, sometimes you have to chase payment. Check out our guide to getting paid ...
20 common business milestones
Every small business is different, but there are common wins, learnings and speed bumps along the way. We map out 20 of the milestones most commonly experienced by small business owners and operators — from new premises to bad hires, big purchases to big sales — with tips and tools to help once you’re there http://www.business.govt.nz/starting-and-stopping/business-planning-101/common-business-milestones Source: www.business.govt.nz ...