Owning a rental property in New Zealand is still a fantastic investment option however if you are a landlord or landlady you must know the recent changes in legislation called The healthy homes standards. Here, BUSINESS buddy investigates what these new standards mean for residential property investors and tenants.
The same things happen to everyone in different ways.
Take stock of the assets you have and create a realistic plan to define your purpose, gather resources and develop market insights.
My nine most important lessons from investing over the past 35 years are that: there is always a cycle; the crowd gets it wrong at extremes; what you pay for an investment matters a lot; getting markets right is not as easy as you think; investment markets don’t learn; compound interest applied to investments is like magic; it pays to be optimistic; keep it simple; and you need to know yourself to succeed at investing.
In mid-2019, Jenny Hong joined the BUSINESS buddy team, based at the East Tamaki office.
This blog post explores the top 10 signs that your business is ready for a Messenger chatbot.
Understanding and articulating your company’s “why” is fundamentally important, but the “how” behind how you and your team execute drives your organisation’s culture and ultimately, it's brand.
Imagine that any email you send was given to every employee at your company. If this thought makes you nervous, and it isn't due to privacy laws, you may need to reevaluate your message.
Jason Blumer realised his creative talent would be curbed if he stuck to the traditional ways of running an accounting business. So when he was let loose to manage his father’s firm, he started experimenting and having fun.
A good succession plan can secure a business owner’s legacy, and their retirement. Why not help your clients come up with one? It could be one of the most important and enduring things you do for them. Here’s how to get the process started.
From small to large, accounting practices of all types can be effectively thinking ahead.
In late June 2019, the OECD released its global report with praise for New Zealand’s well-being approach to policy, and stated the nation has stable economic growth and healthy government finances.
It’s not just personal data that are in jeopardy.
It is essential to create a great first impression.
When a customer complains about your product, ask yourself first whether they have a point.
Many people ask BUSINESS buddy – “Is it still a good time to invest in real estate? “
The simple answer is it’s never too late to invest in property, providing you seek the correct advice.
As a member of the learning and development industry, I am bombarded with research, insights, event invites, and models almost daily
The Internet has made it very easy for a business to make its goods and services reach more and more people all over the world.
Debits and credits are one of those fundamental concepts in accounting..
On May 30 2019, the New Zealand Government unveiled its Wellbeing Budget, and BUSINESS buddy has taken a look at what wellbeing brings to you and your business.
BUSINESS buddy knows the power of continual learning and self-improvement, so on hearing about the upcoming Money Power Master Class, being held later this month, we were eager to learn more.
In today’s competitive environment, businesses can survive and thrive when managers or owners implement measures that encourage their employees to share new ideas and innovations to improve the workplace. As a temp administrative assistant, I have observed many innovations that work - and don't work- on the job.
Depreciation affects your bottom line, your tax bill, and the value of your business. Those are three good reasons to learn what depreciation is and how it works. Here are the basics.
Do you know that the wages you pay your employee is not all that your employee costs?
You understand the phrase, “Time is money” better when you are in the labour market.
Being in business should include an element of social enterprise, which means the work day involves more than clocking in and out, just to get the job done.
That’s why on Saturday July 27 BUSINESS buddy is joining the Light for Life party.
Our newest BUSINESS buddy, Linda Nowacki (pronounced as Novaski), has spent more than a decade working in accountancy work and she is now working fulltime at the East Tamaki office.
Bank feeds are a core component of Xero, giving you an up to date view of your cash position so you know how your business is performing.
Technology has facilitated all aspects of life
All entrepreneurs need a parachute.
"Positioning" is a term that gets thrown around a lot but can often be confused with other marketing activities.
Gone are the days of getting attention via traditional news stories and static websites that are more likely to gather cobwebs rather than web search results.
Keeping secrets is a business skill that is to be encouraged when it comes to looking after personal information about clients and staff members.
What is really happening in the life of our small business?
Tax Day is just right around the corner
Cycling across iconic parts of Aotearoa may seem like a cruisy way to spend 10 days but the reality is – two of our BUSINESS buddies are pedalling themselves to the limit for a good cause.
Jatin Patel and Nirang Shah have already completed the southern part of their Tour of New Zealand and today they are pedalling in the King Country for Unicorn Foundation.
Inland Revenue is about to go offline, and you need to file your GST return now.
The great thing about using Xero is that your admin tasks can be easily managed – even when something needs to be completed in a hurry.
China is currently developing a kind of social credit system, not dissimilar to a financial credit system, designed to reward people for doing good deeds and demonstrating honesty and integrity while punishing people for committing untrustworthy acts.
The concept of search engine optimisation (SEO) is literally everywhere. It is so important now, and every webmaster needs its knowledge, so content marketing is as effective as it is supposed to be.
There’s a reason “The Room Where It Happens” is one of Broadway hit Hamilton’s standout songs: the track’s theme -- longing to be included among key decision-makers in the place in which decisions are made -- is timeless.
If it’s going to survive, a startup needs to grow.
TIP: All leaders that are good need to focus on days to come. You have to know what's next and how to prepare for it.
Make it a point to look for hidden talent in your teammates. It should be easy to determine who benefits you the most, when you are looking for helpers.
As part of the Beautiful Business Talks hosted by Xero at this year’s Accounting Business Expo, I was given the opportunity to present on how accountants and bookkeepers can provide advisory services to their clients.
Once a business is loyal to a software program it can be daunting to change to a new system, even if it has functions that are significantly better than the old favourite.
However, with good planning the short-term pain of transition should be minimised, and you may even save money.
Almost every day a Kiwi is diagnosed with neuroendocrine cancer but very few of us know anything about it.
Our newest BUSINESS buddy, Jatin Patel is putting his pedal power into action to improve the diagnosis and management of this cancer in New Zealand.
Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid.
Ever heard about SSL Certificates?
You probably have.
When it comes to businesses and the publicity they involve, losing one customer can cause a chain reaction that makes you lose several other customers; existing and potential.
Benefits have evolved. Once upon a time, “word-of-mouth” adverts was what worked, later on, if you couldn’t get your business to be on the television or radio, you were not dreaming big enough.
You may have recently received a letter from ACC advising you that your business has been issued a credit.
The letters are legitimate and are the result of business customers being incorrectly charged levies between 2002 and 2017.
Last year, New Zealand Post hit the headlines when some courier drivers argued they were employees, rather than contractors and this week Visionstream finds itself in the same pickle.
Offices used to be essential for most businesses. But mobile technology and new working practices mean that many small businesses don't need any office space. Here's what you need to know about having a mobile office.
The cloud – what is it and why is it important? Like the name suggests, the idea of the cloud feels lofty and hard to grasp. Simply put, cloud computing is the practice of using a network hosted on the Internet, or “the cloud,” to store, manage, and process data. This means you won’t have to maintain or own any hosting equipment.
So you didn’t follow the Elon Musk path of creating a computer game at age 12 or cold-calling a corporate banking maven to snag a paying internship? You can still become a compelling, talked-about entrepreneur if you follow a few best practices.
When was the last time you stopped to think?
I mean really stopped.
One of the biggest mistakes made by new business owners is not to engage startup legal services to handle possible issues for their new venture.
The difference between cash basis and accrual basis accounting comes down to timing. When do you record revenue or expenses?
For hundreds of years, paper was the gold standard of written communication.
Anything you needed to record or remember, from love letters to receipts, was printed on paper.
It’s almost a year since chartered accountant, Jonathan Sturm became a BUSINESS buddy franchisee, looking after growing businesses in and around Pukekohe, Waiuku, Karaka and Drury.
There is plenty of coverage about the impact of the recommended capital gains tax on investments but few commentators have discussed the impact of the entire tax review on businesses.
Business negotiation is a world of contradictions. You’ve got to be firm but flexible open and sharing, but a little cagey. There’s a lot to get your head around. But your state of mind might be the most important thing. Aim for a mutually beneficial outcome, and you’ll find the whole exercise more comfortable. Follow these five tips to prepare for your next negotiation.
For most of us the internet is an intrinsic part of our lives. We rely on it to get us where we are going, connect us to friends and family and answer all of our questions, no matter how banal. It has also quickly become an integral part of most businesses, enabling them to complete business transactions in mere minutes as well as connect to their customers and a global network.
Starting up a small business is no easy feat. It requires a great deal of vision and effort. Every small business is unique, and so, it comes with its peculiar rise and falls.
Payday filing starts on 1 April 2019 – ready or not.
Come along to our free seminar to learn more and learn how to get your admin ducks in a row.
A business does not exist in the absence of customers. Implying that every company needs to have customers flocking around; new or existing. This is the exact reason why several brands keep thinking of new ways to expand their customer base.
There’s always “that” leader everyone looks up to; people want to talk like them, act like them, sound like them, and above all, have the privileges they have. However, it is important to realise that with great opportunity comes great responsibility. Every leader has qualities in them that make them stand out from followers. Yet, many followers have the abilities to become a leader.
Up until recently, Twitter advertising has been a redundant marketing channel in place of the giants like Facebook, Instagram, and Pinterest.
If you are in business on your own, there is no way you’ll want to be spending your nights and weekends doing the bookwork.
We have more room than we need for BUSINESS buddy and you could find your perfect work-home with us.
Times have changed. While more users always have their heads bent, busy with their phones; it does not imply that users are busy checking their news feed on Facebook. Instant messaging is the order of the day. Almost every social media app has a corresponding messenger application/option. So does Facebook.
Does your business surge at specific times of the year, and lag in others? That’s typical for most professionals—there are certain times of the year when business is booming and other times when it is lacking. While it may be nice to have a break to catch up on those must-do administrative tasks, wouldn’t it be better to have steady business all year long? Of course, it would! So let’s take a look at some marketing ideas to grow your business and keep your clients engaged even during the off-season.
I was tired of spending my days staring miserably at mind-numbing spreadsheets and desperately wishing for our systems to crash so I could go home early.
Cash flow is a critical component of small business success. This is especially true if you run a trade business. Your ability to purchase tools and supplies, pay staff, and keep your vehicles running relies on having cash in the bank.
There is a tendency in nature for apex species to get larger and larger. But there is a counterbalance where nature has a tendency of making larger species extinct quickly. This is also true in business: the bigger the business, the more fragile it becomes.
The theory of overdone strengths
As Kiwi summer days send the mercury soaring, it’s a cool time to consider what you are doing to keep your sales hot as.
Wouldn’t you love to be selling ice cream at the beach on a sunny day?
Perhaps you’d rather be watching the kilowatts tick over in your state-of-the-art power station as the load goes on with the nation’s fans and air conditioners doing overtime.
One of the great things about you as Xero users is how openly you reach out with feedback and requests for new features. We take the time to read and understand all feedback we receive. What really stood out to us this time (with around 200 requests coming through last year) was the overwhelming need for bills support in the Xero mobile app.
The ecommerce explosion continues, but there's also an element of evolution. To take your ecommerce presence to the next level, take advantage of these emerging trends.
Video Ads are more than mere trends on Facebook and far more than a feature that is sure to come and go. If you’ve been active on Facebook, the tendency is to have seen video ads on the site for different brands/companies.
2019 is here! It’s a new year; not just for individuals, but for businesses and corporations alike. This is what makes the beginning of the year a great time to work something new in your business; a time to set goals.
Not everyone loves spring; however, the idea of a spring clean is well-embraced. It allows a house look new and clean. It also prevents the individual and entire family from suffering several diseases that come with having a dirty home.
If your home (which is only accessible to the few people you know) gets a spring clean so easily, your website (which is accessible to thousands of people) deserves a spring clean too
Remote work is no longer a privilege. It’s become the standard operating mode for at least 50% of the U.S. population. Virtual retreats are no longer attributed solely to progressive startups. Traditional employers are finally on-board and ready to propose a flexible work arrangement higher up the pipeline.
During a break it is often a time when we do some naval gazing and wonder where to next with our business and life. Then it’s back to work and before you know it, people are counting down to Christmas and you are doing the same old, same old.
If you are serious about making business changes – you need to set some business goals.
When you roll up to a commercial banker looking for some extra dollars to finance your latest business idea there are some must haves that need to be included in your application.
Effective job scheduling is one of the most important but least understood disciplines of business management.
UX (User Experience) is at the heart of every good design. It’s the difference between your customers groaning in wretched frustration, or grinning with enjoyment; with them shaking a defeated fist at your site and hastily clicking away from it, or completing a satisfying purchase and wanting to return for more.
We’ve just rung in 2019. What can you do to get this new year off to a good start? Here are a dozen ideas. You may not need to implement all of them, so choose the ones that will help you the most—and get going!
Have you harnessed social listening?
As I peruse trends for 2019, I see a lot about listening on social. And I have to chuckle … how is this trendy or new?!
In any case, if part of your marketing strategy involves social media it should also involve social listening.
Here are four easy ways using listening on social media can inform your marketing strategy.
We check our phones about 85 times a day. Chances are, you’re reading this on one right now – or it won’t be long till you check it again. A staggering 70% of internet traffic now comes from mobile devices.
Falls from height (FFH) are the leading causes of serious and fatal injuries for construction workers. Almost all of these injuries and fatalities were preventable. There are many different factors that increase the risk of FFH injuries. Getting a understanding of these issues is key to preventing FFH injuries. As a result of identifying the types of hazards and learning how to safely address these hazards on your current jobs will allow you to get lower rates on General Liability Insurance and Workers Compensation Insurance.
In the same way technology has swept through many business and industrial sectors – new technology is revolutionising the way New Zealand’s early childhood education centres operate.
In this era where a lot of activities are digital, no individual or organization wants their information lost. People also want to have access to their information; especially at the point of their needs. Therefore, one thing of increasing importance is the issue of accessible data storage.
Contrary to what you've always been told, thinking negatively can very much be a good thing.
Merry Christmas from BUSINESS buddy.
Those who know us well won’t need any convincing that we enjoy Christmas and a few bubbles as much as the next business advisor.
And, we love staying in touch to celebrate the end of a successful year, but this year we felt we could do something more meaningful for our clients, rather than a traditional Christmas card.
Investing in residential property has been a popular option ever since Bob Jones on Property, hit the booksellers’ shelves back in 1977.
However, some 40 years later New Zealand is in the middle of an affordable housing crisis and the policy makers are introducing changes that impact on residential rental investment rules.
Ten years ago, the accounting industry looked very different but new technology is evolving. Cloud-based software is becoming more prevalent everywhere you look; accountants have had to adapt their mode of operation. These changes to the industry will create so many opportunities for accountants. Yet, there will also be notable challenges to face with this level of change.
Christmas is here and more than anything, it’s usually referred to as the season of love. Love is expressed by giving, and many employers hope to express this love to their employees by giving gifts.
When a customer asks you for a quote, they're giving you a golden opportunity. With the right response, you can close the deal quickly and win new business. Here's how to make the most of price quotes.
We all leave things until the last minute, but it would be a good idea to put systems in order now, to reduce your stress and avoid surprise phone calls from Inland Revenue.