Survey results from participants that attended our recent cloud accounting seminars series, reported that the main item they would like assistance with is “understanding financial statements”. Given financial statements are produced at least annually (if not more frequently), business owners should in theory understand and be able to interpret their meaning. Piecing together the meaningContinue reading
Showing posts under "Cash Flow"
Knowing the value of a business is smart and strategic. Commonly, a business valuation is for those wanting to: buy, sell or exit; measure business growth; restructure; pass the business to family; settle property relationship issues or resolve shareholder or commercial disputes. A valuation also helps business owners make informed strategic decisions and better understandContinue reading
If you’re in the happy position of seeing your business in a growth phase, it pays to consider how you can most effectively manage your in-comings and out-goings. In a time of growth, cash is required to pay suppliers but it may not be replaced for some months until a sale is converted into cash.Continue reading
After paying terminal tax on 7 April, upcoming provisional tax and GST instalments due in May could cause significant cash flow problems for your business. By not paying your tax on time, you could open your business up to use of money interest and late payment penalties. Tax Management NZ (TMNZ) and Crowe Horwath canContinue reading