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!
The 12 Days of (Business) Christmas Read More »
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
Privacy Act Update Read More »
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,
What does an Accountant do? Read More »
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
Selling a Business Read More »
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
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
Cashflow – ways to improve Read More »
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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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,
The difference between Restructuring and Redundancy Read More »
Protect your customers and staff with contact tracing. NZ COVID Tracer QR code posters are free to create and are mandatory from 12pm on Wednesday 19 August, for businesses and service providers under Alert Level 2 and 3. In order to help prevent the spread of Covid 19 in New Zealand, the government now requires
Mandatory contact tracing for NZ businesses Read More »
The Government announced on 17 August 2020 a new round of the wage subsidy, in response to current lockdown restrictions. The Resurgence Wage Subsidy is a 2-week payment. Businesses will need to show a 40% drop during a period of at least 14 days between 12 August and 10 September 2020, when compared to last
The Resurgence Wage Subsidy Read More »
