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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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Resurgence Wage Subsidy Scheme

Written by Vanessa Williams on August 19th, 2020.      0 comments

Graphic for a website page- CoronavirusNew Zealand employers who have had, or expect to have, a revenue drop of at least 40% because of COVID-19, for a 14 day period between 12 August to 10 September, compared to a similar period last year can get it.  Other eligibility criteria is similar to the previous wage subsidies.
 

Business Resilience Through Precise Cash Flow Management

Written by Greg Millar on August 17th, 2020.      0 comments

resilience copyManaging cash flow is not a financial challenge. It is a business challenge and resilient businesses will base their assumptions on a good understanding of the market, the business goals and business priorities. 
 

COVID-19 Lockdown Alert Level 3

Written by Vanessa Williams on August 12th, 2020.      0 comments

Graphic for a website page- CoronavirusPlease note that the office of Alliott NZ will close from midday Wednesday 12 August 2020. As we are communicating with all our clients remotely, please ensure that you white label our email communications to make sure that all our emails get to your inbox and not your junk folder.
 

8 Areas to Maximise Your Marketing Results

Written by Vanessa Williams on August 10th, 2020.      0 comments

sales up-477What key areas should you review to maximise your marketing return? In our article, we consider these and how you can use analysis of your industry data (incl competitors) to inform what you should be doing now. We look forward to seeing some discussion on this and hope you take up our offer to discuss Measuring your Marketing Performance!
 

Six ways small businesses can prepare for a reduction in government support

Written by Greg Millar on August 3rd, 2020.      0 comments

resilienceThere’s no doubt that small businesses are doing it tough as a result of COVID-19. But through planning, considering the impacts of the pandemic on others throughout their demand chain, and preparation small business owners can find navigate their way to better days.
 

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.
 

Business Resilience Understanding Your Market

Written by Vanessa Williams on July 20th, 2020.      0 comments

resilience copyRecent business conditions may have had a dramatic effect on your customers and competition. The change could be positive or negative, temporary or permanent. How do you know and what do you do about it? Leaders of resilient businesses are especially sensitive to market changes and focus on a few important questions.
 

Business resilience - let's talk about goals

Written by Greg Millar on July 13th, 2020.      0 comments

set goals-24Resilient businesses get really clear on their goals, hold themselves accountable and track progress meticulously. Recent business conditions may require you to revisit your business goals, even your business vision and Alliotts can help.
 

Important message for Businesses from NZ Inland Revenue

Written by Vanessa Williams on July 7th, 2020.      0 comments

IRD iconThe NZ Government has announced a further extension for the Small Business Cashflow (loan) Scheme (SBC).
 

$30,000 scam in similar method to Team NZ

Written by Vanessa Williams on July 6th, 2020.      0 comments

scam-701-357An NZ business owner was scammed out of money after a fake invoice was sent to his business. Even though he caught the scam within a couple of hours of the money being sent, banks were not able to retrieve the funds.

Topics: invoices , scam
 

How 3 creative Kiwi businesses handled COVID-19

Written by Xero on July 2nd, 2020.      0 comments

xero-platinum-partner-badge-RGB-608COVID-19 rocked the boat for many small businesses in New Zealand. Business owners had to work hard to stay afloat. These three awesome Kiwi businesses hustled to help their business survive the storm of COVID-19.

 

Is Your Business Model Standing the Test of COVID-19?

Written by Greg Millar on June 29th, 2020.      0 comments

Graphic for a website page- CoronavirusYour Business Model is not something you change lightly. Only fundamental shifts in your market, vision or business priorities will justify modifying how you make money. That said, a vibrant and resilient organisation is ultra-sensitive to change and responds quickly.
 

NZ Winter 2020 update

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

remote virtual office desk-762Many of our clients have availed themselves of the opportunity of asking us to perform a wider range of duties over recent months – why not discuss with our team the broader range of services and support we offer to help you survive in your business beyond COVID-19 and during this financial year?
 

Xero price increase delayed until further notice

Written by Greg Millar on June 22nd, 2020.      0 comments

xero-platinum-partner-badge-RGB-608The price increase to Xero Starter, Standard and Premium plans that was going to happen on 1 July 2020 is now delayed until further notice.
 

Xero small business apps for retail

Written by Vanessa Williams on June 15th, 2020.      0 comments

xero-platinum-partner-badge-RGB-608Xero users have access to a range of tools to set retailers up for success as they work through COVID-19 challenges and adapt to a ‘new normal’. 
 

NZ Alert Levels and Wage Subsidy Extension

Written by Greg Millar on June 9th, 2020.      0 comments

Graphic for a website page- CoronavirusNew Zealand now has no active cases of COVID 19. As of midnight last night the country has moved down to Alert Level 1. This means restrictions on gatherings, hospitality, transport and social distancing have now been removed. Border restrictions however remain.

 

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
 

From COVID-19 Survival to Resilience

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

Graphic for a website page- CoronavirusSurvival has been on the minds of many leaders recently. But businesses are shifting their focus to resilience. What does it take to build businesses that can survive AND thrive in the longer term? Past methods may not work as well in the ‘new’ environment. Then again, what will really change? In this article, we’ll look at some attributes of resilient businesses.
 

New Zealand Budget 2020

Written by Vanessa Williams on May 15th, 2020.      0 comments

budget blocks copyAs expected, the 2020 Budget has been a high spending one with a deficit forecasted to be $29.6 billion in 2021. We break down the expenditure and key initiatives.