Business Owners: How to Pay Yourself
As a business owner, it’s important to make enough profit to cover your personal expenses. But how do you determine your regular “income” when your accounts are only prepared annually?
Unravelling the Roles: Directors vs Shareholders
Shareholders and directors work hand-in-hand to steer the company forward. Each has separate, distinct roles, responsibilities, and potential liabilities.
Business Basics – what are financial statements?
Discover what’s in financial statements, why they’re created, and who finds them helpful.
Business Basics – what taxes do businesses pay?
One of your many obligations as a business owner is pay tax and my goodness, there are a lot!
Learn more on the tax that most small and medium business physically pays to Inland Revenue.
Business Basics – GST
To register or not to register? That’s a very good question faced by business owners when starting up, and also when expanding operations. Read further for answers to your questions.
Business Basics – Income Tax Return
We’re going to break down the front page of the tax return – what are the components and how do they relate to the information you’ve given us?
Big News!
Parliament has been hard at work, and the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill has been pushed through and now awaits Royal assent. Here are the highlights and how it may impact your personal situation.
Let’s Get Started with Cash Flow Forecasting!
Ready to start managing your money like a pro? Let us guide you through the process of preparing a cash flow forecast.
What does Traktion actually do?
Traktion is here to help you discover your business potential. At Traktion, we provide the forward momentum you need to get a grip on your business – and even your life.
Minimum wage increase
Effective April 1, 2024, the minimum wage will increase to $23.14. As an employer, you must comply with this increase and pay their employees at least the new minimum rate.
How is your business profit taxed?
For 2024, Inland Revenue is specifically looking to make sure business profits from personal services aren’t being diverted to other structures to avoid tax.
How an accountant can save you money
Want to cut unnecessary costs, improve the most profitable areas of your business, and increase overall return on investment?
10 key questions to ask yourself as a business owner
Ready to take your business to the next level? We’ve shared 10 key questions for business owners, along with guidance on how they can propel your growth and success.
2024: Setting goals for you and your business
If you are reflecting on where you are at and thinking about your business goals for the year ahead, we can assist you in defining measurable goals for your business in 2024.
Managing holiday cash flow
This time of year can be hard on small businesses. With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday.
Talk to us. We can help.
Are you ready to unlock cashflow freedom?
Ever wonder where the cash goes in your business? Join our masterclass Unlocking Cashflow Freedom, to find out and learn how to better manage it, to achieve cashflow freedom.
Paying yourself as a business owner
Determining how much you pay yourself as a business owner hinges on factors such as your business’s financial capacity, market pay rates, and whether reinvestment could pay dividends.
Residential or commercial property as an investment
Property investment offers long-term wealth growth potential, with distinctions between residential and commercial property advantages and tax implications to consider.
Plain English guide to cashflow
Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position.
How to get the best from AI content writing tools like ChatGPT
Are chat based AI tools the answer to your business content prayers? A combination of AI and good human-powered writing could still be the best way to produce your content.
