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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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Employer-provided travel from home to a distant workplace

Written by Greg Millar on February 24th, 2020.      0 comments

nz inland revenue ird-683New operational statement clarifies and simplifies the tax rules around employer-provided travel to distant workplaces.
 

Xero pricing and plan update

Written by Vanessa Williams on February 17th, 2020.      0 comments

xero-platinum-partner-badge-RGB-608From 18 March 2020, the price of the Xero Starter plan is increasing by $2.50 a month, and Xero Standard and Xero Premium plans are increasing by $2 a month. 
 

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.
 

How to make your early stage business run more efficiently

Written by Vanessa Williams on February 3rd, 2020.      0 comments

xero-platinum-partner-badge-RGB-608As we kick-off the new year, the right technology can help you get new customers, upsell to existing ones, expand your offering and improve efficiency so you have time to focus on what matters. Here are some tips on the technology that will have an immediate effect on your business.
 

What are your revenue goals?

Written by Greg Millar on January 28th, 2020.      0 comments

set goals-24Setting goals is key to success but some people find it intimidating and don’t know where to start. This article includes a 6-point guide on goal setting to help you focus and specify goals. This will lead to astute business planning and will bring clarity to the year ahead. It’s never too late to set goals! 
 

Breaking Old Habits to Drive Costs Down

Written by Vanessa Williams on January 13th, 2020.      0 comments

calculator ledger-516Old habits may be keeping your business from maximising profitability. Breaking these habits will strengthen the business. Your accountants are well-placed to help you change since we deal with the relevant numbers, can perform the analysis and can make actionable recommendations. Don’t get stuck with old bad habits, especially where there are opportunities to quickly improve the bottom line.
 

NZ Inland Revenue's transformation

Written by Greg Millar on December 16th, 2019.      0 comments

barcode head-448From 1 March 2020 the NZ Inland Revenue will stop accepting payment by cheque, including cheques dated after 1 March 2020.
Topics: IRD, Payment methods, tax
 

Tips for driving in France

Written by Vanessa Williams on December 11th, 2019.      0 comments

davidWe dropped off our little rental car after 3 weeks driving in France safe and sound. A few hairy and interesting moments while driving but pretty confident now on the French roads! Here are my top tips.
 

Portuguese tax and investment incentives

Written by Greg Millar on December 9th, 2019.      0 comments

Alliott-Group 2018-825Basic information about the Portuguese special tax regime for individuals and the Portuguese golden visa program, both popular programs in Europe. 
Topics: alliott group, tax
 

Yield curves

Written by Michael Beech on December 4th, 2019.      0 comments

2017 Michael Beech-431The financial media is currently full of gloomy-sounding references to ‘inverted yield curves’ as a harbinger of a global recession. In lay terms, what does all this mean and how should a long-term investor respond?

 

Residential property changes

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

key handover-357From the 2019-20 income year onward, new rules apply to deductions claimed for residential properties.
 

Understanding the factors that drive your business

Written by Vanessa Williams on November 25th, 2019.      0 comments

success-182There are many ways to improve business performance but which initiatives will bring the biggest impact? This article identifies some metrics or ‘drivers’ which grow revenue, profit and business value. Establish how you are performing now and measure the impact of any improvement. Focus on the things that matter! 
 

BP and Xero Connect

Written by Greg Millar on November 18th, 2019.      0 comments

xero-platinum-partner-badge-RGB-608Xero now integrates with the BP Fuelcard in New Zealand, keeping small businesses on the road without the headache of holding onto physical receipts.
 

Alliott NZ still top in NZ, 3 years running

Written by Vanessa Williams on November 11th, 2019.      0 comments

NZ T30 icon copyAuckland Chartered Accountants and Business Advisers Alliott NZ Ltd have been named a New Zealand Top 30 accounting firm for the third year running!
 

Alliott NZ joins colleagues at 2019 worldwide conference

Written by Greg Millar on November 4th, 2019.      0 comments

Alliott-Group 2018-825Alliotts' Greg Millar and Vanessa Williams were among the 138 delegates from 78 independent accounting and law firms in 38 countries who were in attendance in Madrid for the 2019 Worldwide Conference of Alliott Group, the firm’s international alliance.
 

A Strategic Look at the People Numbers

Written by Vanessa Williams on October 28th, 2019.      0 comments

7K0A0597-174Human Resource (HR) strategy is one of the most important activities undertaken by business leaders. People-skills, communication and empathy are all important but HR data is an important guide. Our article provides specific examples of how HR data can positively impact your decisions.
 

IRD moving on from cheque payments

Written by Greg Millar on October 21st, 2019.      0 comments

NZD calculator-857Inland Revenue is becoming increasingly digital in the way they work. Soon this will include a move away from cheques.
 

Research and development tax incentive

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

light bulb-66-166Find out more about the Research and development tax incentive (RDTI), including eligibility, enrolment and recordkeeping.
 

NZ calling time on cheques

Written by Greg Millar on October 7th, 2019.      0 comments

credit card-261​​​​​​​From 1 March 2020, the IRD will no longer be accepting cheques, including post-dated cheques (dated after 1 March 2020) from customers who are able to use alternative payment options. We outline the various other ways to pay your tax.
 

Management Buyout

Written by Vanessa Williams on September 30th, 2019.      0 comments

baton-405Most businesses experience significant events such as acquisition, merger, liquidation, IPO, etc. A Management Buy-out (MBO) can be attractive to buyers and sellers who know each other well before the transaction. There are risks and careful planning is required. Our article explores these issues and why having a competent advisor is important.