Wellington Latest News (Wellington, New Zealand)

Importance of Cash Flow Forecasting for Business Success A cash flow forecast is crucial for any business, whether you're experiencing growth or navigating challenging times.

Analysis of Australian and United States implementation for government services and the health sector may validate these "low hanging fruits." The areas identified for potential significant cost reduction include Health, Defence, and public services.

Property investors are poised for a resurgence with the release of a new bill promising substantial changes to property tax laws.

As we enter a new calendar year, it's the perfect time to review the past year, reflect on successes and challenges, and set goals for the future.

The paradoxical result is that the Reserve Bank retention of protracted higher interest rates to help reduce inflation may now be perpetuating a new inflationary cycle, primarily driven by increasing council rates, insurance, and business operating costs.

Recent years have seen significant adjustments to the tax landscape, particularly concerning residential property. The government has responded to calls from various quarters to address investor demand in this sector.

As we approach May 2024, it's crucial to address potential GST pitfalls when selling property.

When Joan and May, a mother-daughter duo, decided to purchase a property together, they overlooked signing a property sharing agreement due to time constraints. However, unforeseen events unfolded later, leading to legal complexities and disputes.

In today's digital era, having access to accurate financial data is essential for making informed decisions and managing your business effectively.

Accounting plays a pivotal role in assessing a firm's financial health, aiding investors, owners, and shareholders in informed decision-making.

Assets are the backbone of any business, enabling it to deliver products and services efficiently. However, over time, these assets undergo wear and tear, gradually losing their value.

Exploring the Transition to a Company Structure Are you a sole trader or contractor looking to expand your business operations? Transitioning to a company structure could be a strategic move to unlock various benefits and facilitate growth.

Disappointing News for Property Investors: Interest Limitation Rule Delayed The Government's decision to delay the phasing out of the interest limitation rule for residential property investors comes as disappointing news for many in the real estate...

Depreciation plays a crucial role in managing the costs of assets over their useful life, allowing businesses to spread expenses and optimize financial planning.

As the government plans to increase the trustee tax rate to 39%, understanding the proposed changes is essential for trustees and beneficiaries alike.

The recent announcement of changes to the tax Bill currently progressing through Parliament has significant implications for property investors and businesses alike.

Incorporating a New Zealand company is typically focused on business operations and income generation.

As the 2023/24 financial year draws to a close on 31 March 2024, it's time to review your business's financial position and take necessary steps to optimize your tax position.

Mark your calendars: The minimum wage is set to rise to $23.15 per hour starting April 1, 2024, marking a 2% uptick from the current $22.70 hourly rate.

As we step into the new year, it's the perfect time to reflect on the past and strategize for the future.

With a new government in place, it's natural to wonder about potential changes, especially when it comes to taxes.

Running a hotel or motel doesn't mean you have to navigate everything alone. What truly counts is having a dedicated team of financial experts to elevate your establishment to the pinnacle of the hospitality industry. Enter Outside Accounting.

Operating a small business in New Zealand comes with its challenges, particularly when it comes to managing finances. Many small business owners attempt to handle accounting and tax matters themselves to save money.

In the face of economic challenges, understanding how to recession-proof your business becomes paramount.

As a home builder, navigating through supply chain disruptions and surging material costs is familiar terrain. However, prudent planning mitigates these risks while reducing wait times and optimizing inventory management.

A construction project's success lies in streamlined payments, minimized disputes, and legal protection. Lien waivers, when used effectively, make these aspirations a reality.

Accurately estimating remodeling projects is crucial for successful renovations. Our guide covers the essential elements of precise estimates, emphasizing client satisfaction and project transparency.

Navigating the intricacies of pricing structures in the bustling construction industry can be daunting. Amidst uncertainties, open book pricing emerges as a beacon of trust between construction companies and their clients.

Choosing between building or buying a home remains a significant decision for many, especially amid rising mortgage rates and limited housing inventory.

In the fast-evolving world of hospitality, adapting to dynamic customer needs and market shifts is essential for sustained success. Proper accounting and precise financial planning are pivotal in steering these businesses toward long-term prosperity.

Efficient accounting serves as the cornerstone of any thriving hospitality enterprise. Beyond number-crunching, it entails strategically managing finances to foster growth and sustainability.