Blog - Page 11 of 15 - Engine Room Chartered Accountants

Update to Small business cashflow scheme

Updates to the Small Business Cashflow (Loan) Scheme – November 2020

Accounting & Tax / December 16, 2020

The Government launched the Small Business Cashflow Loan Scheme (SBCS) in May to assist eligible small-to-medium businesses adversely affected by COVID-19. They subsequently extended the application period to help businesses and in November announced further changes, expected to take effect by 31 December 2020. Businesses employing up to 50 full-time staff may apply to the […]

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Do you need a Strategic Planning process? We can help

Accounting & Tax, Business Growth & Planning / December 8, 2020

5 Questions to kickstart your 2021 planning. We hope you all have a break planned that involves being away from work this year. Sometimes the best of plans are created when you are not in your workplace, as you can get a fresh perspective of things and look at your business from the outside in.

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The 12 Days of (Business) Christmas

Accounting & Tax, Business Basics, Business Growth & Planning / December 8, 2020

We usually like to send out our 12 Days of (Business) Christmas at around this time each year. The 12 tips below are still relevant and are timely reminders of things employers and business owners need to plan for – especially taking time out for yourself!

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Privacy Act Update

Accounting & Tax, NZ Law / November 16, 2020

What you need to know for your business An update to the Privacy Act 2019 comes into effect on the 1st December 2020. The Privacy Commissioner, John Edwards is encouraging organisations to prepare for tighter rules asap. The most significant change to organisations will be the mandatory data breach disclosure: any organisation that suffers a

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What does an Accountant do?

Accounting & Tax / October 23, 2020

More importantly, what can we do for you? At Engine Room, we pride ourselves on being Business Specialists. Although Accounting is a large part of our job function, there is much more we provide than financial accounts. Our approach is to offer more than your average accountant – more than just keeping score. In fact,

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Selling a Business

Accounting & Tax / October 21, 2020

What you should consider when you want to exit If you are looking to exit your business or have a future intention to do so, you need a plan to get the business ready for sale. When you sell, you want your business to have as much inherent value as possible – so you get

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Buying a Business

Accounting & Tax / October 19, 2020

Key points to consider when buying a business Buying an existing business can be a great way to get started as a business owner, or to expand operations if you are already running a business successfully. We have recently seen a lot of activity with people buying a business even in these Covid-19 times. Established

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Cashflow – ways to improve

Accounting & Tax, Business Growth & Planning / October 15, 2020

Get in Control of Cashflow It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start

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An overview of the new Trusts Act 2019

Accounting & Tax, Trusts / October 7, 2020

An Overview of the New Trusts Act 2019 For those of you with trusts, you may recall we’ve talked about the new Trust Act which will come into effect on 30 January 2021. As Accountants, we have now received further guidance and application of the new Act so we can have some more conversations! The

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The difference between Restructuring and Redundancy

Accounting & Tax / September 2, 2020

In the current economic climate, your business may be exploring cost-saving options, including reorganising or downsizing your workforce. If you are looking at restructuring and the possibility of redundancies, you need to understand the difference between the two, as they often get mistaken for the same thing. Getting either wrong could cause you issues, delays,

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