by Tracy | May 30, 2024 | Business, News
When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to manage your cash well and to have clear budgets and spending limits for every area of your business operations. Let’s take a...
by Tracy | May 17, 2024 | News, Rental
Investing in rental properties can be a great way to grow your wealth over the long term. But it’s not a passive investment – you need to maintain your properties and take care of your tenants. You can do that work yourself, or you can employ a property manager who...
by Tracy | May 16, 2024 | Business, News
Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the...
by Tracy | May 7, 2024 | News, Tax
Understanding tax payments can feel tricky so we’ve broken down the basics of Provisional Tax and Terminal Tax. These two tax types are essential to managing your business finances and understanding them can help you avoid the infamous ‘second year tax...
by Tracy | Apr 23, 2024 | News, Xero
Regular bank reconciliations are an important part of managing your finances. They are the process of matching the transactions in your financial records with those recorded on your bank statement. This is a critical process that helps identify and rectify any...
by Tracy | Feb 26, 2024 | Business, News
Running a business will always mean incurring certain expenses, or ‘spend’. Whether you’re a large family business or a small fledgling startup, there will be costs, overheads and supplier bills that mount up – and these expenses will gradually chip away at your cash...
