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Understanding Your Balance Sheet

To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the...

Understanding Your Profit and Loss Statement

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the...

Navigating the 1 April 2026 Payroll Changes: What Employers and Employees Need to Know

The start of a new financial year always brings a fresh wave of administrative updates, and April 2026 is bringing some of the most significant payroll shifts we’ve seen in recent years. Whether you are an employer mapping out your annual budget or an employee...
EOFY Checklist: Two weeks to go!

EOFY Checklist: Two weeks to go!

With only two weeks until the 31 March deadline, there are a few tactical moves we can make to optimise your tax position.  Prepayments: If you have the cash flow, consider prepaying some expenses (like insurance, rent, or professional subscriptions) before 31 March....

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Protecting you and your business: taking out insurance

Protecting you and your business: taking out insurance

We all hope that our pathway along the business journey will be smooth and uncomplicated. But the reality is that accidents can happen, along with unplanned injuries, damaging weather events and legal suits from disgruntled clients. So, what can you do to protect your...

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The Taxman Comes Knocking

The Taxman Comes Knocking

Why Inland Revenue Liquidated Nearly 900 Companies This Year If you’ve been sensing a shift in the business climate lately, you aren’t imagining things. Inland Revenue (IR) has officially taken the gloves off. According to a new report from RNZ, the tax department has...

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Merry Christmas

Merry Christmas

Wrapping up the year + When I’ll be back 🎄 I can’t believe we are already at the end of the year! Before I sign off for 2025, I wanted to send a quick note to say thank you & Merry Christmas. Whether you’ve been a long-time client or just joined my newsletter...

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Why your accountant is the mentor you didn’t know you needed

Why your accountant is the mentor you didn’t know you needed

A business mentor can provide guidance and support, so you make the right decisions and stay focused on the end goal as a business owner. They can also help you move forward in your career by providing advice and feedback on what steps to take to reach the pinnacle of...

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What is the difference between cashflow and profit?

What is the difference between cashflow and profit?

Cashflow and profit are two of the most important financial metrics for any business. But while they’re both related to the financial performance of a company, they measure different things. Knowing the difference – and how cash and profit contribute to your success...

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Cash is not profit and vice versa

Cash is not profit and vice versa

The purpose of a business is to make money, and that means you need to know the difference between profit and cash flow. Net profit is what you have left after you deduct all your business expenses from all your revenue. You can improve net profit only by changing the...

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Accounting, Bookkeeping, Advisory, Tax