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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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Small business cashflow (loan) scheme changes

Written by Vanessa Williams on November 16th, 2020.      0 comments

IRD iconThis month the Government announced changes to the Small Business Cashflow (loan) Scheme. Our article provides you with information on these changes.
 

Business Resilience Vision and Goals

Written by Greg Millar on July 27th, 2020.      0 comments

Screenshot 2019-05-02 08Leaders of resilient businesses recognise the importance of a powerful vision statement to focus the activities of management, the broader team, customers and other stakeholders. With the vision in place, they can set short-term and long-term goals and then measure progress. But what happens after a period of upheaval in the market? There will probably be unforeseen challenges and opportunities so leaders need to react decisively. Use our guidelines in this article as you consider the best direction for your business.
 

Reducing staff numbers

Written by Ross Henderson on June 2nd, 2020.      0 comments

Graphic for a website page- CoronavirusEmployers and employees must discuss in good faith the implications of COVID-19 on their working arrangements. Where changes to current working arrangements are proposed by an employer, there are specific good faith requirements that must be followed. Any changes made should follow consulting with employees and their representatives, providing time to respond to proposals and considering their comments.

 

Important IRD message for Businesses

Written by Vanessa Williams on May 25th, 2020.      0 comments

IRD iconClarification from NZ Inland Revenue on an article that was published by the NZ Herald this month.
Topics: employees , IRD, tax
 

NZ Wage Subsidy Q&A

Written by Vanessa Williams on March 26th, 2020.      0 comments

Graphic for a website page- CoronavirusWe answer common questions about the NZ Wage Subsidy for employers.
 

COVID-19 employer support

Written by Greg Millar on March 18th, 2020.      0 comments

Graphic for a website page- CoronavirusThe NZ Government has compiled Wage subsidy and Leave Payment available to support employers affected by COVID-19. The subsidy is being administered under a high trust model and employers will not be asked for verification before the subsidy is approved. However MSD will have the ability to check applications and verify information at a later date.
 

Prescribed interest rate decreases

Written by Greg Millar on February 10th, 2020.      0 comments

interest rates-469-101The prescribed rate used to calculate fringe benefit tax on low-interest, employment-related loans has decreased from 5.77% to 5.26% effective 1 October 2019. Our website has been updated.
 

Cyber policies should cover these points

Written by Greg Millar on September 2nd, 2019.      0 comments

check tick-407-962Continuing our focus on cybersecurity, we list 10 cyber policies and nine governance questions for business owners.
 

Cybersecurity and whaling

Written by Vanessa Williams on August 14th, 2019.      0 comments

privacy keyboard-613More than a baker's dozen of education points about the practice known as 'whaling' and processes to adopt as your organisational and personal cybersecurity checklists.
 

Rates for business use of vehicles

Written by Greg Millar on July 17th, 2019.      0 comments

calculator ledger-516If you're an employer, you can use Tier One and Tier Two kilometre rates to get a reasonable estimate of expenditure. This will help reimbursing an employee who has business-related use of the vehicle.
 

SmartPayroll email fraud

Written by Greg Millar on May 20th, 2019.      0 comments

scam-701-357SmartPayroll has been advised by banks they work with that there is a new email fraud scheme circulating that involves payroll. We make you aware of what to look out for.
 

What's Important to Your Team

Written by Vanessa Williams on May 13th, 2019.      0 comments

success-182Managing people is one of the toughest parts of running a business. Team development issues can have a real impact on your business reputation, client retention and profit. Here's how you put a system in place to listen to your team and use their feedback to make real changes to your business.
 

New NZ employment law from 1 April

Written by Vanessa Williams on March 18th, 2019.      0 comments

april-706941 960 720-789From 1 April 2019, employees who are affected by domestic violence will have new entitlements and rights.
 

Payday filing from 1 April

Written by Greg Millar on February 6th, 2019.      0 comments

NZD calculator-857It's time to shift to payday filing. Remember, by law all employers must switch to payday filing by 1 April 2019.

 

Business processes

Written by Vanessa Williams on December 17th, 2018.      0 comments

cogsMost businesses follow processes, some deliberately and some subconsciously. But what about DESTROYING processes?
 

NZ minimum wage increase

Written by Greg Millar on July 11th, 2018.      0 comments

employees-352The adult minimum wage rate (for employees aged 16 years and over) recently increased by 75 cents to $16.50 per hour before tax.
Topics: employees , Payroll
 

Succession planning

Written by Greg Millar on June 18th, 2018.      0 comments

jigsaw puzzle-240We understand the complexity and nuances of succession planning. We work with you to create a customised approach, unique to your business and your goals for retirement. And, while succession may be far in the future for you, the time to start building the systems to facilitate a successful handover is right now.

 

Leading Millennials

Written by Greg Millar on June 4th, 2018.      0 comments

small world-375Millennials are ready to take on the world. How do we lead the new breed of employee effectively?

Their parents and teachers told them they can do it - they can. Encourage - don't squash them or contain them.
 

Better team engagement

Written by Vanessa Williams on May 16th, 2018.      0 comments

jigsaw puzzle-240As team engagement continues to grow and challenge managers, mastering the concept of it has become more and more of a primary focus within the business industry. Learn and understand these eight pointers to effectively improve your team engagement.
 

Managing Millennials

Written by Greg Millar on May 7th, 2018.      0 comments

7K0A0597-174Learn how Millennials are redefining the workplace and how to engage them.