For most tradespeople, paperwork is a chore that needs to be
done to keep the business running. As the trades industry thrives, financial
experts are needed more and more to guide them in the right direction and help
them keep their finances in check.
Tradespeople often (and understandably) feel lost when it
comes to the admin side of their trade businesses. They have built their
business from the ground up and when they notice their finances getting out of
control, it could be too late to right-ship. It’s best to have a solid
financial and business plan in place. This is where you set your overall goals
and measure your success.
As a tradie, you’re likely struggling with time management.
Seek help from the experts so you can spend less time on your finances and more
time on your tools. Aside from crunching the numbers, financial experts can
also give you advice on the different ways you can boost your efficiency.
You don’t have to work through your accounts late at night
or during weekends. According to a survey of over 600 trade business owners
across New Zealand, Australia and the UK, 34% of tradies still use pen and
paper to do their admin. The “receipts in a shoebox” system could be swapped
for cloud accounting software like Xero to help you streamline your business
and save hours on your books.
Tradespeople like to keep things simple, and they can kill
more birds with one stone with financial experts. Accountants also provide
bookkeeping, business advice, and even budgeting. If you are having a hard time
taking on the extra responsibility of keeping your books in check, they can
point you in the right direction.
Accountants who specialise in the trades industry understand
the quirks and everyday struggles of the industry. They are updated with
compliance changes, industry trends and other helpful information for
tradespeople. Working with accountants will empower you to run a successful
business. Give us a buzz now to find out how we can help!
Your Outside Team
Need a bit of assistance with your business? Contact an Outside Accounting team member today and learn more about our fixed fees. You won’t regret it.
Aside from business consultation, we are business accountants Wellington who offer accounting, bookkeeping, payroll services designed to help you achieve greater financial success.
You can click here to speak to a business, accounting and bookkeeping firm. We will give you a call to know more about your needs. We will explain to you how we can improve your business.
Address: Level 2, 182 Vivian Street,
Te Aro, Wellington 6011, New Zealand
Mail: PO Box 24-457, Wellington 6142
Phone: 04 889 2975
If you run a business in Wellington, it’s time to double-check that your payroll systems are up to date. As of 1 April 2025, the minimum wage in New Zealand has increased, and failing to adjust your systems could lead to non-compliance and financial penalties.
On 1 April 2025, the New Zealand minimum wage increased, and it’s crucial for Wellington business owners to ensure their payroll systems and employee records are up to date. Failing to comply can result in costly penalties and damage to your reputation — not to mention disgruntled staff.
Creating and maintaining a solid business budget is one of the most effective ways to manage your finances and drive business growth. For businesses in Wellington, budgeting isn’t just about predicting income and expenses — it’s a vital strategic tool that gives you control, clarity, and confidence.
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.
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