Your annual financial statements have their uses, but if you rely solely on them you are only seeing part of the picture.
Here are the reasons why — and what you need to do to see the whole picture.
Do you wonder sometimes why your Council rates are so high and what they do with all the money? Especially when you see Council workers (as hard working as I’m sure they are) using leaf blowers on the Havelock North to Hastings cycle path?
Finding the money to pay your rates is hard enough as it is, but when you’re in business and you have a bad year it’s even harder, so did you know you can get a rates rebate if your income drops below a minimum threshold? The threshold level varies depending on your income and situation, but for example, a household with an income of $30,000 and one or two kids could get a $600 rates rebate. And then, even better, you can take the kids to Splash Planet and get in cheaply with a copy of your rates bill!
For further details click here, or email Nick for help if you’re not sure what to do next.
The availability of your annual financials is a wonderful opportunity to review your business performance. You can discover how to improve your business as well as refresh your enthusiasm and drive in the business.
Click here to read seven ways you can use your annual financials to improve your business.
At A+BAC we make life easier for you.
Accounts and Tax Returns.
Making it easy for you by getting it right on time, every time. No fuss or drama and more advice for your hard-earned money. Contact us today: www.abac.co.nz or 0800 ASK NICK
Watch this short video on why it is important to pay your IRD bill on time, and ways to avoid nasty penalties.
‘‘There are only two certainties in life – death and taxes!’. Although it is difficult to tamper with the sand flowing though the hour-glass of life, good habits can slow its pace. Good taxation planning can ensure that taxes can be managed so there are no nasty surprises resulting in urgent phone calls to the bank manager a few days before due date or suffering unpleasant IRD penalties. Read More
Whilst statistically speaking the chances of being selected for an audit are slim, it nevertheless features way up the rankings as being one of life’s most stressful and unpleasant experiences, and as such, like all nasty things in life, best avoided at all costs!
These are the most common ways you can be selected for an audit and what you can do about it (or not as the case may be!): Read More
Cloud accounting has been around for quite a while now, but even still, the idea of taking our data to the cloud can be a little confronting for some. With these technological enhancements, there’s never been a better time to understand the opportunities to optimise and grow your business. If you’ve been meaning to brush up on the great benefits, this one’s for you. Read More
In the area of business competition, there’s one thing I’ve learnt over the 32 years I’ve been at the coalface of advising SMEs and that is, no matter how many other competitors there are in your line of business, you can still be successful if you get your core business activities working the right way.
The best example for that locally are cafés, which are springing up all over the place. Some are busy all the time, some are deserted. Yes, location and being on the sunny side of the street are both important, but there’s a lot more to it than that, especially when the deserted ones are in good locations! Read More
When it comes to running your own business, keeping your accounting in-order must be an achievable goal. That said, there are times where a little lack of discipline can cause some headaches down the track. Rather than getting yourself in a bind later, let’s have a look at some simple steps you can take to help keep your accounting organised.