YOU OUGHTA KNOW BLOG

From 1 April 2025, New Zealand’s minimum wage will increase, impacting businesses across the country. As an employer, it’s essential to understand how these changes affect your payroll, budgeting, and overall business operations. Here’s what you need to know to stay compliant and prepared.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.

You started your business to enjoy the freedom of being your own boss — yet somehow, you’re working longer hours and feeling overwhelmed with admin, meetings, and constant demands.

The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.

With 31 March fast approaching, now’s the perfect time to prepare for the end of the financial year. Acting early can save you time, reduce stress, and ensure your business is ready to thrive in 2025. If you’d like a checklist to guide you through the process, reach out — we’re here to help.

As your accountant, we’re not just here to manage your finances — we’re also here to support your strategic growth. One vital part of that growth is business development (BD). By driving your BD strategy forward, you can transform your company from steady, organic growth to fast-paced expansion and lasting success.

In today’s unpredictable economic climate, knowing what’s ahead is a game-changer for business leaders. But with economic shifts, political changes, and evolving market conditions, predicting the future isn’t easy.

Did you know that 95% of New Zealand small businesses experience at least one month of negative cash flow each year? This means that even profitable businesses can find themselves struggling to pay bills if they’re not actively managing their cash flow.

At Outside Accounting, we understand that staying compliant with tax obligations can be complex, especially with recent Inland Revenue initiatives targeting various sectors and financial activities. From hidden economy audits to cryptocurrency monitoring, the tax landscape is evolving, and businesses must stay ahead to avoid penalties and ensure smooth operations.

Hiring a reliable tradesperson may seem straightforward, but finding the right fit takes careful planning. You want to ensure you’re confident in your decision, and the tradesperson feels capable of meeting your expectations. Effective research and clear communication are crucial for making this happen.

In today’s fast-paced business environment, making the right decisions is critical for achieving sustained growth and success. At Outside Accounting, we’ve seen firsthand how businesses can thrive when they avoid common pitfalls. Here are three major business mistakes and actionable tips to help you stay on the right path:

Evaluating a franchise opportunity requires careful analysis of various factors to ensure long-term success. Here are 11 essential points to consider before purchasing a franchise:

Steering a small business through economic downturns can be challenging, but these moments also present opportunities for growth, innovation, and strategic change. Deciding whether to pivot, grow, or leave the business depends on factors such as market conditions, financial stability, and personal aspirations. Here’s a guide to help you navigate tough times:

As a business owner, reviewing your financial reports each month is essential for maintaining control and steering your business in the right direction. Here are six key reasons why you should prioritize this important task.