Blog

Read our latest news and blog posts below. Get in touch with us if you’d like to find out more information on the articles below.

Covid-19 Business Information

As you will be aware, the Covid-19 pandemic is causing major disruption around the world and is hugely challenging for all of us.  On Monday our Prime Minister Jacinda Ardern announced that New Zealand would move by 11.59pm Wednesday to COVID-19 ‘Level 4’. At Balance we fully understand and agree with the measures to curtail […]

Read More
COVID-19 EMPLOYER SUPPORT

We understand how new this scenario is and the confusion that has arisen for some in relation to the assistance offerings from the Government. Below is a Work and Income factsheet regarding the wage subsidy and leave payments introduced by the Government. If you have any questions please don’t hesitate to ask, we are more than […]

Read More
Your GST return is due soon

You need to file your GST return at the end of every taxable period (this may be monthly, 2 monthly or 6 monthly depending on the frequency you have chosen for your business – you can check this with us). We can help you file your return and pay by the due date to avoid late […]

Read More
Remote working: how to get your business ready

In a crisis, the ability for your staff to work remotely could, quite literally, be a lifesaver. But how do you set up your team to become remote workers? And what are the key considerations to think about when working remotely in the cloud? Key considerations of remote working 61% of global companies currently have […]

Read More
Covid-19 Information for Business

Whatever your business, it’s likely that Covid-19 will be impacting you. You may be dealing with stock shortages, exporting issues, disrupted travel plans or a sales downturn due to tourist drop off. The government’s business site has useful information on all areas of business: imports, exports, travel and how to develop a workplace response to […]

Read More
Keeping your cashflow strong in tough times

Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Make sure you have a clear picture of your payroll, and any other […]

Read More
Your 2019 income tax return is due soon

Your income tax return for the 2019 financial year is due on 31 March. (unless your industry has a recognised balance date). Preparing for your return You’ll need to ensure that your business accounts for the 2019 tax year have been settled before you file your return. See our short guide on ‘Preparing for your […]

Read More
Have you got a plan for growth in your business?

Growth doesn’t need to mean more risk, more hours and more headaches. It may be as simple as identifying where the opportunities for growth are in your business and industry. Once you’ve done this you can establish what you and your team are going to have to do in order to maximise these opportunities, and […]

Read More
How to scale up your business

Scaling up isn’t just a case of letting organic growth take its course – genuine hypergrowth means achieving accelerated 20% growth over a 3-year period. A big ask for any company! So if you’re planning to make the transition from established startup to ambitious scaleup, what are the foundational elements you need to get right? […]

Read More
The benefits of creating a holding company

Once your business gets to a certain size and turnover, there’s real value in assessing the company structure and how to make things more tax-efficient. Setting up a holding company is one way to start creating an ordered and effective group structure. And by moving any surplus cash up from your trading company to your […]

Read More
Your GST return is due on the 28th

You need to file your GST return at the end of every taxable period (this may be monthly, 2 monthly or 6 monthly depending on the frequency you have chosen for your business – you can check this with us). We can help you file your return and pay by the due date to avoid late […]

Read More
How to use forecasts and scenario-planning

For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, that limits the insights you can achieve into your business. With a backward-looking ideology, it becomes difficult […]

Read More
Why you need to take a break from your business

Running your own business takes up most of your time, as an owner – and finding a window in your diary to take a break can be tricky. But having a proper holiday away from the stresses and worries of the business can be incredibly beneficial – helping you to come back refreshed, rejuvenated and […]

Read More
Understanding who your customers are is essential for your business

Successful businesses really understand their customers. Knowing your target audience is half the battle when it comes to developing successful marketing activities. When you understand the specific characteristics and needs of your customer base, you can deliver your solution at the right price, in the right place and in their language. Learn more about your […]

Read More
Your workspace can impact productivity

A great office space is about keeping your people happy, productive and working towards the key goals of your business. An office is more than a place to put your desks, it is the heart of your business and the space where your people will spend most of their working day. Your office needs to […]

Read More
Your GST return is due on the 28th

You need to file your GST return at the end of every taxable period (this may be monthly, 2 monthly or 6 monthly depending on the frequency you have chosen for your business – you can check this with us). We can help you file your return and pay by the due date to avoid late […]

Read More
Set the right growth goals for your business this year.

If you’re going to grow your company in the right way, pinning down your goals and having a clear vision for the business from the outset is vital. You may want to increase profits and create an income that supports your lifestyle, or you are looking to increase market share and aim for hypergrowth. You […]

Read More
Have you got a strategy for a financially stress-free holiday period?

Holiday breaks are a time to spend with family, friends & have a chance to recharge for the year ahead. But, for a business owner this time can be stressful without careful cash flow planning. Even if you do continue to operate through the holiday shutdown season, your customers’ financial behavior may not remain the […]

Read More
Delighting your customers for better referrals

The most simple and cost-effective way to grow your business is so often overlooked; happy customers become your strongest advocates. They talk to their friends, family, and associates and refer business to you. Here are 10 ways to delight your customers: Meet with your customers more often and take a genuine interest in how they’re […]

Read More
Business Health Check

Cash flow is essential at this time of year, so if chasing late payments makes you feel uncomfortable, outsource those phone calls to a trusted virtual assistant. To avoid late payments, switch up your invoicing processes. Offer discounts to customers for early payments, or multiple payment methods, or suggest split instalments to even out cash […]

Read More