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The Business Advisory Blog

Welcome to our blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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Xero invoice branding themes

Written by Vanessa Williams on May 11th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Ever wondered how you might customise your invoices in Xero to suit your particular business needs?

Then we can answer that with two words “branding theme”.

Topics: invoices , Xero
 

Tax Finance - an efficient use of capital

Written by Greg Millar on May 11th, 2017.      0 comments

TT HORIZ BLACK BLACKX-932Taxes are one of life’s few certainties, but that doesn’t mean they’re necessarily the most efficient use of your capital.
 

Xero & Fixed Assets

Written by Rose McNair on April 28th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382 For those who have not had a go at entering Fixed Assets in Xero, this is how you can do it.

Topics: fixed assets , Xero
 

Why do you get up in the morning?

Written by Greg Millar on April 27th, 2017.      0 comments

WHY-468Most people in business spend too much time focusing on WHAT they do.

Is it time to figure out WHY you do what you do?

Topics: strategy, vision
 

Give Your Business Direction

Written by Vanessa Williams on April 26th, 2017.      0 comments

set goals-266In order to make the most of strategic planning, your business should give careful thought to the goals it outlines and then back up these goals with realistic measures for evaluating results.

Here are three tips on how to create business goals and things to consider.

 

Xero's tips for managing a late payment

Written by Greg Millar on April 18th, 2017.      0 comments

stress2-706Are overdue invoices keeping you up at night?

Check out Xero's four useful tips to help manage late payments.
 

Estate planning: a unique opportunity

Written by Vanessa Williams on April 11th, 2017.      0 comments

jigsaw puzzle-240The reality is that there is no person alive today who will not die at some point in the future.

This means that having to deal with a person’s estate is not only a possible event, it is inevitable.
Topics: estate planning
 

New website on NZ business funding

Written by Greg Millar on April 10th, 2017.      0 comments

hand-352-636A new website has been created to help NZ businesses learn about government grants and other sources of funding for growth and innovation.
 

Maximise business value before sale

Written by Vanessa Williams on March 28th, 2017.      0 comments

business for sale-340There are a number of methods to increase value within this time horizon and the increased payoff can be enormous relative to the company’s current value, which we discuss in this article.
 

NZ ahead of the curve on payments

Written by ANZ BlueNotes on March 27th, 2017.      0 comments

ipad outside screen-253The decline of cheques, the move to a cashless society and the increasing use of smartphones are just some of the trends sweeping the payments world – and on a global scale, New Zealand is ahead of the curve.
 

A better way to pay NZ tax

Written by Greg Millar on March 24th, 2017.      0 comments

TT HORIZ BLACK BLACKX-932Tax pooling is a framework Inland Revenue established to help taxpayers meet their provisional tax obligations. Recognising that the provisional tax regime is burdensome, Inland Revenue offers tax pooling which gives taxpayers a means to pay tax when they want to whilst avoiding use of money interest and penalties.
 

Recording Expense Claims in Xero

Written by Rose McNair on March 23rd, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Here at Alliotts it’s been a good few weeks of everyone working diligently to ensure our clients are all geared up for financial year end. Therefore it might be apt to say this month’s article is a little light given the seriousness of this time of year.

 

NZ businesses lucrative targets for cybercriminals

Written by Greg Millar on March 13th, 2017.      0 comments

scam-701-357The latest Norton SMB Cyber Security Survey of New Zealand’s small to medium businesses (SMBs) shows that almost one in five (18 percent) have been targeted by a cyber attack.

Thes were costly and left businesses with an average loss of approximately NZD$19,000 for each cyber attack. 
 

Succession Planning for family business using Life insurance as a tool

Written by Vanessa Williams on March 1st, 2017.      0 comments

family group-532Often when one of your children are involved in your family business or farm this creates disparity for your other children in the event of your death.

A simple solution can be using Life insurance to enable your child involved in the business to buy your share of the business from the estate.

 

Planning for your future business success(ion)

Written by Greg Millar on February 28th, 2017.      0 comments

baton-405Succession planning acknowledges that your team members will not be with a business indefinitely.

It provides a plan and process for addressing the changes that will occur when they leave.
 

Do parents need to help children into their first home?

Written by Vanessa Williams on February 27th, 2017.      0 comments

parent adult-185There is a lot of talk in the media that the current younger generation will never be able to afford to buy a home; they will simply be a generation of renters. Don’t believe it this for one second!

They may not be able to afford your home that you worked for 20 years to get, but there are a number of ways the younger generation can get into their first home without the help of mum and dad.
 

Financial issues to consider for succession and estate planning

Written by Michael Beech on February 24th, 2017.      0 comments

Michael Beech CFA-393-313If you have a desire to maintain wealth and pass it on to future generations it needs to be considered sooner rather than later.

Here are some salient points and key questions to help your planning process.

 

Set up Xero prompts to automatically send reminders

Written by Rose McNair on February 17th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Now you can set up a prompt in Xero software to automatically send out Invoice reminders to your customers.

No chasing up payments, sending another invoice paper copy or having an awkward phone conversation.

 

The Trump Presidency: What are the prospects for tax reform in 2017?

Written by Greg Millar on February 7th, 2017.      0 comments

alliott group trump thumbnail-119President Trump's aggressive tax reforms may not take effect until 2018.

Alliott Group member firm Bowman & Company explains why and what this could mean for global trade.

Topics: economy , tax
 

Don't be harassed by the hangover of Christmas financial debt

Written by Greg Millar on February 2nd, 2017.      0 comments

credit card-261The dreaded statements arrive, but don’t just ignore them or pay off the minimum on your credit card debt.

Whether you just have a few hundred owing on your card or even thousands, there are some simple steps to get you paying off the debt.