+64 9 520 9200      enquiries@alliott.co.nz

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.

Email me when new posts are made to this blog

Research & Development Tax Incentive

Written by Vanessa Williams on May 27th, 2019.      0 comments

cogsThis year the Government is working to introduce a new tax incentive for businesses conducting research and development, the research and development tax incentive  (RDTI). The RDTI will give businesses a 15% tax credit if they spend a minimum of $50,000 per year on eligible R&D. Businesses spending less than $50,000 may still be eligible, so long as they are using an approved research provider to carry out their R&D. The Taxation (Research and Development Tax Credits) Bill is about to go before Parliament for its Second Reading. If passed into law, the RDTI will take effect from the beginning of a business’s 2019/2020 income year.
 

Financial Reporting

Written by Vanessa Williams on March 6th, 2019.      0 comments

calculator ledger-516The quality and relevance of financial reporting influences a manager’s attitude to financial matters. Having a good understanding and good representation of the numbers helps improve decision making and boost business performance.
 

2019 business planning

Written by Greg Millar on January 14th, 2019.      0 comments

new year-433Happy New Year! Although many do possess business skills, financial acumen is rarely high among them. In this article, we list three common financial mistakes that we observe frequently.
 

GoCardless with Xero

Written by Vanessa Williams on December 3rd, 2018.      0 comments

xero-platinum-partner-badge-RGB-608Wish your cash flow was more predictable? Xero has teamed up with GoCardless so you can accept direct debit payments, to get your ad-hoc and recurring payments flowing without having to go to great lengths.
 

Xero add-ons for your business

Written by Greg Millar on August 29th, 2018.      0 comments

xero-gold-partner-logo-hires-RGB-382As well as bringing up your profit margins, add-ons also help save you time and streamline your cash flow. Work with us to empower your business with the technology to automate mind-numbing admin tasks, and focus on what you do best. So what add-ons should be on your hit list? 
 

Cash is king, cloud-style

Written by Vanessa Williams on February 14th, 2018.      0 comments

Spotlight Reporting Super VCFO lock up-962It may seem paradoxical, but you can be profitable and still go out of business. Or you can make massive ‘bottom line’ losses but be in good fiscal shape. The reason – cash.

 

5 tips to avoid the summer cash slump

Written by Greg Millar on December 19th, 2017.      0 comments

NZD calculator-857Summer can be a tricky time for cash flow. It doesn’t have to be; the quiet summer period can be incredibly productive. Use Xero's small business advisory panel's practical tips to avoid the summer slump.
 

Bank reconciliation made fun

Written by Vanessa Williams on October 16th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382There’s a long list of unpleasant things most business owners would rather do than bank reconciliation. Traditionally, it’s mindless and time-consuming.

However, the bank reconciliation functionality within Xero feels more like a video game than work.
 

Successful ventures don’t operate in the dark

Written by Greg Millar on October 9th, 2017.      0 comments

Spotlight Reporting Super VCFO lock up-962Spotlight Reporting is Xero's most popular advanced reporting software add-on, providing another level of insight that all business owners who aspire to success should embrace. 

Here at Alliott NZ, we also exist to help our clients to succeed.
 

Managing cash flow Pt 2

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

NZD calculator-857Anyone running a business knows the story: one day, there is a pile of cash in the bank, then it appears to disappear overnight.

Here are some more tips to help you manage your cash flow if you ever find yourself in this situation.

 

Managing cash flow Pt 1

Written by Vanessa Williams on September 14th, 2017.      0 comments

nz money 100s 50s generic n2-451Anyone running a business knows the story: one day, there is a pile of cash in the bank, then it appears to disappear overnight.

Here are some tips to help you manage your cash flow if you ever find yourself in this situation.

 

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.
 

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%.

 

Risk management - debtors

Written by Vanessa Williams on December 5th, 2016.      1 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.

 

Avoid the cash flow surprises that could kill your business

Written by Greg Millar on October 25th, 2016.      0 comments

xero-gold-partner-logo-hires-RGB-382We all know that cash flow is king. But just how much sway does it have? Well, you might want to ask the nine out of 10 small businesses that have failed because of cash flow problems.

According to Dun & Bradstreet 90% of small businesses close their doors because of poor cash flow management.
 

Running on empty?

Written by Anthony McIlroy on August 4th, 2016.      0 comments

panic-456When you have more money going out of the business than is coming in, if you can’t pay your bills, you’re running at a loss. You may have a big order in the pipeline that will cover you but you might need to seek out a loan to cover you until the money comes through.

You can distinguish temporary cash flow issues from larger issues but, either way, you need to act.
 

Free up cash by reducing receivables

Written by Anthony McIlroy on July 27th, 2016.      0 comments

nz money 100s 50s generic n2-451At Alliotts, we can help you understand the impact of your cash flow of either offering credit terms or reducing your days in receivables. It could be significant and it’s different for every business.

If you’re interested in finding out what it looks like for your business, then read on.
 
 

NZ Tradies - Make more money, do less paperwork!

Written by Anthony McIlroy on March 10th, 2016.      0 comments

we understand tradies-980 Alliott NZ in conjunction with Tradeworx and Lawyer Karen Overend present a seminar for BUSINESS OWNERS IN THE CONSTRUCTION SECTOR on 14 April in Auckland.

Click here to register for free.

#helpingyoutradebetter
 

How to know if your Accountant understands your Building Company

Written by Anthony McIlroy on October 30th, 2015.      0 comments

we understand tradies-980When speaking with your current accountant, do they have a good handle on what drives your business?

We list 6 targeted questions you can ask yourself to find out.

 

How’s your business cash flow leading into Christmas?

Written by Anthony McIlroy on October 23rd, 2015.      0 comments

nz money 100s 50s generic n2-451The age old saying, “Cash is King” certainly holds true throughout Christmas! Not only do you want to have enough money to enjoy the summer break, you also need enough to cover GST, payroll taxes, provisional tax and staff holiday leave.