A trap that causes many businesses to go broke, while they’re making a profit

There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with CASH. Cash flow crises can often be averted. They can be predicted, planned for, and then contingency measures put in place.

In this blog post Anne Stephenson talks through common cash problems in business, how you can sleep better at night and what a cashflow forecast will mean for you. We also created a document outlining the top 10 ways you can improve cashflow within your business.








3 reasons your business needs a budget now

For many, the word ‘budget’ is about as appealing as the word ‘diet’.  It seems to imply what you will go without, rather than what you will achieve. A budget should be treated like a map and not a diet. Successful business owners see budgets as a way to help set clear targets that they monitor closely and adjust as they go throughout the year.

In this blog post Anne Stephenson outlines 3 compelling reasons your business needs a budget NOW!








Election 2020 and what it means for New Zealand taxpayers

Politicians make many promises in the lead up to an election and taxes are always front-and-centre. That's because tax revenue is what makes the promises possible. The COVID-19 pandemic has created a situation where the government needs to spend a lot of money to support our health system and to aid our financial recovery.

Steve Dawson has taken a look at the party tax policies for those at the table, what is likely to happen with Labour in power, and what this means for you.








The link between leadership and wellbeing

Connected Accountants invests in wellbeing and has set about making it a core plank of our strategy. It isn’t a ‘set and forget’ but an ongoing commitment to improve and focus on the wellbeing of our team. We want our whole team to be happy and healthy and for that positivity to be felt by the customers we work with and the community that we operate within. Craig Hudson from Xero recently presented a personal and business case as to why empathetic leadership matters for you, your team, and your business and what you can do to help set the wheels in motion.








Is Open Banking the Future?

Open banking is a global trend that presents opportunities for SME’s in customer experience and business finance. We are on the cusp of radical changes in the financial system that will increase the efficiencies of getting paid, making payments, and securing fairer access to capital. Read more on how these advancements in technology will aid in a more efficienct and improved financial system which enables better advice for better business.








Trust Law Changes - Into the 21st Century

From January 2021 a new Trustee Act will come into effect bringing with it new expectations on trustees.  A number of the changes are around the duties, obligations and responsibilities of the trustees to the beneficiaries.  With somewhere between 300,000 - 500,000 trusts in NZ, these changes will have a wide-ranging impact. Have a read through what it may mean for you and your family trust.








Effective KPIs

Developing effective KPIs for your business and your team requires a balanced approach that looks at your business from the perspective of all stakeholders.








COVID-19 | Latest Updates

An update of financial assistance available to businesses at 24th of August 2020.








COVID | Danger & Opportunity

Weiji is the Chinese symbol for crisis, often said to include two concepts; danger + opportunity.  Whether that is true or not, it certainly includes the idea of being at a point where things change and there is no doubt that we’re in that spot right now.