Construction and Trades

As we approach the end of the financial year, it’s important to take a step back and prepare for the year ahead. With some careful planning and strategic action, you can ensure your business is in the best position for success.

Inland Revenue (IR) has recently clarified the rules around using a private vehicle for work travel. The key message? Travel between home and work is considered private and not tax-deductible, unless it meets specific conditions.

Running a business is a constant journey of change. From evolving markets to shifting customer demands and financial challenges, the ability to adapt is what sets successful business owners apart.

We’ve seen firsthand how applying a clear framework can help business owners navigate change effectively.

The holiday season is here, and it’s the perfect time to slow down, take a deep breath, and soak in the magic all around. As the year winds down, it’s a moment to reflect on the wins, lessons, and growth of the past 12 months while dreaming big for the year ahead.

Understanding your numbers is essential to setting the right prices and ensuring profitability. Two key concepts in pricing strategies are markup and margin. While they’re often confused and used interchangeably, they represent different aspects of your pricing, and knowing the difference is important for financial clarity.

Keeping track of your financial data is incredibly important. While tools like Xero help manage expenses, invoices, and finances, there’s an exciting technology that can take your accounting further: Optical Character Recognition (OCR) software.

It’s no secret that times are tough for many businesses, and we’re seeing more and more owners facing heightened cash flow pressure. While several factors can impact cash flow, one trend that’s becoming more common is the rise in slow-paying clients.