Accounting and Tax

30 Jun 23

Navigating New Zealand Tax Residency

Understanding your New Zealand tax residency status is crucial when living in New Zealand. It determines how much tax you need to pay and what financial obligations you have.  Knowing it will help you make informed decisions about your employment, business opportunities, and investments. So, while it may not be the most exciting topic, it’s […]
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Learn how to maximise your tax deductions by claiming home office expenses. Understand eligibility criteria and allowable expenses for a potential tax break.
10 Jun 23

Home Office Expenses and How to Claim Them

Did you know some business-related home office costs are tax deductible?  Are you a small-business owner, contractor or freelancer and work from a home office? With the rise of flexible work arrangements, more people are working remotely and given up renting office space.  Consequently, the concept of a home office has taken on a whole […]
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19 May 23

Fixed Fee Accounting: Unlock Your Potential  

Are you tired of the uncertainty and unpredictability of your accountant’s bills? It’s time to revolutionise your financial management with the game-changing solution of fixed fee accounting. With fixed fee accounting, you can bid farewell to the stressful and uncertain process of hourly billing. Instead, embrace a transparent, cost-effective, and results-driven approach to manage your […]
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Accountants have an in-depth understanding of financial management, tax laws, and other financial regulations, which can be crucial in developing a solid business.
14 Feb 23

4 ways an accountant can help you.

Small businesses are the backbone of many economies, providing goods, services, and employment to local communities. As a small business owner, you’re likely to face many challenges and obstacles. Least of all, you’ll need to manage your finances, taxes, and other accounting-related tasks. This is where an accountant can come in handy. They can offer […]
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11 Jan 23

5 Ways a Small Business Accountant Can Help

If you own a small business, you’ve probably worked with a small business accountant at some point. Have you imagined how they could help you, other than preparing and filing taxes, and bookkeeping? Most people would acknowledge small business accountants prepare tax returns and financial statements. They recognise engaging a good small business accountant will […]
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07 Dec 22

Planning for the impact of RBNZ’s interest rate rises

For many, last month’s Reserve Bank (RBNZ) announcement brought bad news. Rising interest rates and inflation will hit many small businesses hard, as customers’ disposable income will decrease. Is it a time to panic? No, definitely not. But it indicates RBNZ aims to reduce the amounts of discretionary funds we have to spend. Small-businesses owners […]
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03 Dec 22

6 tips to help you enjoy the summer break

[Updated 25 November 2023] Do you sacrifice holidays to focus on keeping your business operating?  If you are, you’re not alone.  A recent survey indicated three-quarters of small-business owners regularly work through holiday periods. At Business Advisory Services, we want to helping our clients maintain a work-life balance during the festive season. Throughout this article, […]
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30 Sep 22

Unravelling Four Myths About Business Cash Flow

Running your own business can be exciting and rewarding but often presents its fair share of stress.  Often called the “silent killer” poor cash flow is one issue that causes more businesses to cease trading than anything else.   If you’re concerned with your cash flow, I’m about to share some practical advice to help you […]
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29 Aug 22

How Close Are You to Achieving Your Vision?

Starting, nurturing, and running your own business requires huge commitments. Many small-business entrepreneurs require several years to create scalable, profitable, businesses with loyal client bases. And as they do, their journeys are filled with risks, ups and downs, causing significant stress and anxiety. For those who survive the start-up phases, they begin to reap the […]
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