March is the last chance dash to one-up your performance from last financial year. What are you doing about it? Do you have a business plan in order for the upcoming financial year? In other, relatively boring, news for you; the accountant’s D-Day is looming as we’re now into the month of March. It’s a bit of a tidy-up month for us while we make sure all tax returns are filed with IRD. This in mind, it would be a great help if you could please return any accounts queries as soon as possible. Thanks in advance!
Xero is just your accounting system. Right? It is and it isn’t. Accounting systems have come a long way and while there’s a hell of a lot Xero can do for you, one of the best advances is the ability for your accounting system to integrate with other systems.
Like Xero, there’s a ton of like-minded business developing software to help you better manage your pain-points. There’s also established software providers developing their own tools to ensure they are compatible with Xero.
Consider your current systems, or pain-points, and have a look at what’s available as potential improvements here.
You’ve likely all heard the anecdote “failing to plan is planning to fail”. Failing is never something you plan on targeting, but often the planning itself can be a task easier avoided.
We’ve seen business plans that would rival an encyclopedia, and others that fit on one page – it’s a little down to personal preference. The important thing is that you do it, and use it.
The bare essentials of a good plan are:
1. Executive Summary – Your elevator pitch. Who, what, and your goals.
2. Target Market – Who are they, what are they like?
3. Opportunities – What is your growth plan and your scope?
4. Competition – Who are they? Your U.S.P.
5. Financial Plan – What are the numbers?
Regardless of where you are in business; take a moment to consider the above. If you think you’re stuck and need help with a bit of a business plan, get in touch with us!
Check out our social media accounts- Instagram, Facebook and Linkedin. Lets get more connected!
Your Outside team, and Ruby
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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