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Our 'Guide to Your Financial Reports - Part 3 (Profit & Loss)' will help you figure out your Statement of Profit & Loss, or Income Statement, tracks the overall performance of your business.  It begins with the Gross Profit from your Trading Account then lists...

What to Look for in Accountant? If you're a business owner looking to choose an accountant, it's important to understand that their work goes beyond balancing your accounting books. Nowadays, accountants are also business  advisors and can help you make better-informed decisions and grow your...

Difficult to get right, expensive to get wrong.  The cause of many head aches for New Zealand Business Owners. Yes, we are talking about provisional tax. If you are new to business or are about to pay provisional tax for the first time, the whole process can...

Is email still the number one tool to communicate in business? If you run a business there is no way around not having an email address. Email is still the most used way to communicate in business and that is not expected to change anytime soon....

Are you earning enough? As a business owner you should be earning more than an employee, or what you could earn as an employee of someone else’s business.  This premium compensates you for the extra risk and demanding work that as a business owner you...

If you have not read our 6 Ways to End the year right article.  Do this now. Once you have reviewed your past performance and got your records ready for your end of year accounting it is time to look to your future. If your business is...

For those with a 31st March Balance Date, the new tax year starts on the 1st of April.  This is an ideal time to look at what is working, and fix what is not.  A great time to plan for your business and financial success. ...

If you have a 31st March balance date, end of financial year is just around the corner for you.  Preparing for end of financial year can really take the hassle out of your end of year accounting and tax returns, but even more important can...

If you have a vehicle that is only used for business purposes, you can claim the full running costs as a business expense. Maximising your motor vehicle expense claim can save you a lot of money.  There are stringent IRD conditions that must be met...