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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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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.

 

E-Sign for Xero Tax

Written by Rose McNair on January 24th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Xero is taking one step more to make filing returns a breeze- with new E-Sign feature. We outline how.

Topics: tax, Xero
 

Your business by design

Written by Vanessa Williams on January 23rd, 2017.      0 comments

race-341Most businesses are built by default – not by design.

Very few businesses start ‘with the end in mind’ and design it from the ground up. Most businesses grow by default with people, systems, culture, clients, numbers, habits and attitudes.

 

Chronic bad payers of NZ tax – beware

Written by Greg Millar on January 23rd, 2017.      0 comments

stress2-706Chronic bad payers of tax – take heed.

NZ Inland Revenue is going to have the power to disclose tax debts to debt collectors.   

Topics: IRD , late payers, tax
 

Xero introduces Apple Pay

Written by Vanessa Williams on December 16th, 2016.      0 comments

edm-icon-champion-badge-gold-667This week Xero released their latest integration with Apple, the ability to pay Xero invoices with Apple Pay. Mobile payments are the way of the future. It’s predicted that by the end of this year, mobile payment transactions in the US will grow 210%.

 

7 tech trends that will change the way businesses operate in 2017

Written by Greg Millar on December 16th, 2016.      0 comments

edm-icon-champion-badge-gold-667

Technology has the power to make our lives easier, and small businesses have the flexibility and the creativity to take advantage of this power. By staying lean and agile, a small business can adapt quickly in a moment and use new technology to power into emerging markets.

Topics: technology , Xero
 

Risk management - debtors

Written by Vanessa Williams on December 5th, 2016.      0 comments

nz money 100s 50s generic n2-451Debtors are a major risk for small and medium enterprises. If your business is lagging behind in terms of late payments, read what you can do to lessen debtor days outstanding and collect the cash that your business needs.

 

How should investors respond to the outcome of the US election?

Written by Michael Beech CFA on November 29th, 2016.      0 comments

Michael Beech CFA-841-571Not for the first time this year, a significant news event has confounded the expectations of many pundits. How should investors respond to the outcome of the US election?
 

NZ, Australia part ways on employment

Written by ANZ BlueNotes on November 29th, 2016.      0 comments

zollneremplyment img-94Employment growth across both sides of the ditch is going in different directions, according to ANZ BlueNotes.

 

How far we’ve come: 30 years of change in NZ

Written by ANZ BlueNotes on November 28th, 2016.      0 comments

ANZ H blue hex-388-219In just three decades, the economic landscape in New Zealand has changed irrevocably. This infographic spells out the biggest shifts.

 

Barber responds to new competition by differentiating

Written by Greg Millar on November 24th, 2016.      0 comments

barcode head-448A well-established barber shop in a small town was hit hard when a new barber moved into the area and set up in competition. Having held somewhat of a monopoly prior to the arrival of the competitor, the barber had become complacent and benefited from false loyalty. It all came home to roost once the new barber opened his doors.
Topics: competition