Profit – the Nuts and Bolts When you look at your accounts or financial statements, can you read your profitability? Here are some things your certified chartered accountant suggests you look for: Gross Profit Gross Profit = Net Sales – Cost of Goods Sold On your Profit and Loss Statement, gross profit is the difference between revenue…
Great Team: Great Business That age old saying, ‘family first’, can also be true in the workplace. Your employees, your team, are much like a family unit, and without them you don’t really have a business. It may sound clichéd, but employees are much like the cogs of a wheel, each performing individual tasks to…
How well do you know your breakeven point? A breakeven point tells you what dollar value in sales is needed to cover costs. It’s a tool for thinking about sales, costs and pricing. The Concept Of A Breakeven Point You may have heard of the concept of breaking even and wondered what it was and…
How To Effectively Respond To Customer Complaints Dealing with client complaints. There’s nothing more damaging to a business’s reputation than one that mishandles a customer’s complaint. We, your certified chartered accountant, also draw your attention to the pros and cons of Cash and Accrual accounting methods. The topic may seem dry, but it is important that you understand…
The Art of Delighting Your Clients A couple of items for your consideration. First up relates to that all important concept of delighting clients and of how you might go about turning the concept into reality. Next up, which shouldn’t be a surprise, is an accounting item, from your certified chartered accountant. This time on monitoring your Profit and…
Productivity Boosters! – Creative Office Space Where we choose to work from ends up being the one spot we spend most of our time. Take some advice from your small business accountant and make your workplace comfortable and enjoyable? Boost Productivity It’s no news that being inspired is motivating, and that this in turn boosts productivity. A…
Managing perceptions – the 12 x 12 x 12 rule Managing the perception others have of you As your small business accountant, I’ve recently been reading a short networking article called The 12 x 12 x 12 Rule for Networking, which I thought I would share this with you. In actual fact, the rule is applicable…
Applying for the Wage Subsidy Extension If you have suffered a revenue loss of at least 40% (previously 50%) over a 30-day period then you may be eligible for the Government’s Wage Subsidy. The eight-week Wage Subsidy Extension is available from now until 1 September 2020. Most NZ businesses are eligible to apply including: The self-employed Contractors…
Here we, your certified chartered accountant, provide you with seventeen business tips – 18 if you include our recommendation to come and see us, that will help you pay off the business loan more quickly than you may have thought possible. We consider a range of items from discounts, to adding administration fees, the way to use…
Eligible for the Small Business Cash Flow Loan Scheme? With the arrival of Covid-19 and the subsequent lockdown of NZ, business in many cases have been badly affected. The Government has instigated a number of schemes and activities to help alleviate the financial pressure on small businesses. One such scheme is the COVID-19 Small Business Cash…