Small businesses win work by using sales quotes. Yet they often don’t realise that how they prepare quotes can cost them business. Many lose revenue by not following up on quotes or turning quotes around fast enough. According to a recent survey, the number one financial challenge of small businesses is cashflow and getting paid.* […]
With the end of the financial year only just around the corner, Xero’s Head of Accounting, Grant Anderson, has prepared some top tax tips to make things a bit easier come April 2015. 1. Talk to your accountant before year end Start thinking about tax now. It is best to start planning for tax early. […]
A new financial year is always a great opportunity for business owners to take a step back and think about what they can do to improve on previous years. Sometimes, the answers are glaringly obvious, but in other instances, you may have to think a little outside the box. Even if you are entirely satisfied […]
Any investment should start with clarity around objectives, risk profile and time frame. Here are the steps to achieve this before buying a rental property.
On 1 July 2015 the ACC vehicle licensing levy is being reduced. The cost of relicensing most vehicles will drop by around $130 a year. If you need to renew your vehicle’s registration before then, you can save money by renewing your registration to expire in July 2015. Note that the relicensing form and online […]
For babies born on or after 1 April 2015, the Government will increase the parental tax credit from $150 a week to $220 a week, and extend the payment period from eight weeks to ten weeks. How much you receive also depends on: your total family income before tax the number of dependent children in […]
The government has made some major employment relations changes, effective from 6 March 2015. Changes target flexible working arrangements, rest and meal breaks, continuity of employment for vulnerable employees upon restructuring, the good faith provisions, collective bargaining, and how the Employment Relations Authority gives its determinations. Flexible working arrangements Up till now flexible working arrangements […]
Tired of having to hoard your receipts? For years, businesses have struggled with the storage and processing of receipts and invoices. From storing them in shoeboxes, and the boring data entry required to process them, its been time consuming and difficult. Now with Receipt Bank, you can get rid of all those annoying bits of […]
“How much should I spend on marketing?” Most small business people ask me this question at some stage. Many small business people find working out how much to spend on marketing a tricky exercise to calculate. Generally there are five ways to work out a marketing budget for the year. Remember that these are marketing […]
For an online business owner, scarcity is a valuable tool that can turn a failing product into a winner. It is best implemented in a subtle way that does not draw attention to itself, but the urge to purchase remains very potent. Scarcity can be a small part of your sales process that adds some […]
