Arnold & Finlay Blog

Thinking of selling your business?

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Reduce Challenges, Be Proactive

This morning I read an article by Nexia Accounting NZ, advising that the NZ Government has ended its support to business during the Covid lockdowns. The withdrawal of support, high inflation and low business confidence has raised pressures on NZ businesses and there has been a marked increase in inquiries on 'Insolvency'.

No one wants a tax audit, and no matter how careful or experienced you are, audits or reviews of tax returns are sometimes unavoidable.

Word of mouth . It's the essential of every professional and service firm's marketing program.

How do you calculate a price for your goods or services? Do you charge what everyone else does? While you don't want to charge less than what you are worth, you also don't want to price yourself out of the market, so now it's about more than just 'a price'.

The Federal Budget was delivered last week. The good news is there was really no tax or superannuation changes that affect business. The bad news is that with interest rates still rising (expect the Cash Rate to finish around 3.5%) and labour costs higher with continuing staff shortages, don't expect any assistance from the Government.