Cash Management

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.

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!

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.

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