One of the fundamental director’s duties within the NZ Companies Act 1993 (‘the Act’) is to act in good faith and in what the director believes to be the best interest of the company. This has traditionally been interpreted to mean decisions should be aimed at maximising shareholder returns.

A switch to Moore Markhams Wellington has given ICHC improved, comprehensive financial support as demand for its chaplaincy services in hospitals remains strong.

Conducting a past-year review with an experienced advisor will provide valuable insights for this year's goal setting. What will you do differently this year to enable your business to thrive?

Building goodwill adds value to your business. And potentially gives you a competitive advantage. Here’s five key ways to improve goodwill in your business, and how this adds to the value of your company.

Effective goal setting is what will help you maximise your achievements in 2023. Our 5 goal-setting tips will help business owners reach new highs.

New Zealand’s Goods and Services Tax (GST) system is often praised for being a simple broad-based tax. But this doesn’t mean mistakes don’t happen. We outline some of common ones.
 

How green is your business? You’ve got to be sustainable if you want to keep up with changing consumer trends – so here are five quick ways to get started.

The supply chain crisis might create opportunities for your business to fill a supply shortage when your competitors can't. Become the supplier that saves the day!

Auckland firm Computer Recycling is primed to capitalise on the flourishing electronic recycling market, following a multi-million dollar technology investment.

There are common misconceptions in relation to how portfolio shareholdings in foreign companies are treated for tax purposes. We correct the misconceptions.

A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers.

Scaling up your business isn't about steady growth over time. It's about having a clear strategy for quickly expanding the business to achieve full-scale hypergrowth. Here’s some tips to show how to achieve this.

It’s an unlikely genesis for a successful design company, but when Celeste and Glen Skachill set up StudioCDesign, they went bush. Bruce Stormer, Moore Markhams director guided the couple and continues to mentor them as their business grows.

Auckland firm Wilson Scott Recruitment is rebuilding to new heights following a “perfect storm” of setbacks that included Covid’s shock squeeze on the construction industry. We share how Moore Markhams’ Toby Laidlaw helped the transformation.

Does your business need an app? We’ll help you assess the pros and cons of developing your own branded app, and the impact this could have on your finances.

Have you explored Deep Work? The way you structure your day has a huge impact on your outcomes. Minimising disruption and distraction to achieve 'flow' will boost your productivity.

Want to get in control of your procurement spending? We’ve got five key ways to improve your procurement processes and cut down on the costs.

Are you a business owner? It’s important to redefine your plan and goals to ensure the business delivers your revised definition of personal, business, and team success. Get in touch to redefine success and set goals to achieve this.

Does your business have a disaster recovery plan? It’s important to have a watertight plan for overcoming any potential natural disasters.

Do you know the difference between your P&L and your balance sheet? We can explain exactly what each report means – and how it reflects your current performance as a business.

Do you have clients who take up too much time and bring in too little money? It might be time to rank your clients and say goodbye to a few from the bottom of the list.

They say competition is fierce, but we think it’s one of your greatest assets when starting up a new business. Find out what invaluable information you can learn from your competitors.

EV feebates will hit utes the hardest – three things you should know if you’re in the market for a new ute for your business.

Struggling to achieve your goals? Try the rocks, pebbles and sand concept to set your annual goals (rocks), 90-day goals (pebbles) and actions required (sand). Your goals will drive your day-to-day tasks, ensuring your goals are achieved! Check it out.

Ransomware attacks can cause huge disruption to your business, including loss of income, customer trust and resources.

This time last year, the Budget dealt mainly with the Government’s economic response to the COVID-19 pandemic with support for business very much to the fore. In 2021, that focus has shifted to improving the wellbeing of New Zealanders and, in particular, those on the lowest incomes.

All major banks will stop issuing and accepting cheques over the coming months. It is important your relevant staff and your customers are aware of the key dates.

While the process of buying a used car is usually completed without legal advice, it’s useful to refresh the checklist of the key points you should follow. This is particularly important if there is no intermediary overseeing the purchase.

Classifying expenditure as either deductible repairs and maintenance (R&M) or non-deductible capital expenditure is not clear cut. It is a question of fact and no two situations are the same. And while its advantageous from a tax perspective, when is it pushing ‘the line’ too far.

There’s always room for improvement at the margin; small tweaks can massively boost your bottom line! How much extra would a 1% increase in gross margin give you?

Covid has been a powerful catalyst for change. Going forward, how can we consciously use the process of change to continuously improve our business? Use the 5 ’A’s of Change: Awareness, Acceptance, Action, Accountability & Acknowledgement.

Going into business with your brother, best mate, your parent or with business colleagues is exciting but also has the potential to end badly. An agreement in place at the outset helps identify all the worst-case scenarios so that should a dispute arise or the unexpected happen, you’ve already agreed on the best way to handle things. We share more here.

Reconciliation is a fundamental accounting process that ensures your financial records are accurate and complete. But it is surprising how many businesses do not undertake them. We share why this process is important and how it can help your business thrive.

Offering a discount might seem like a great way to respond to a drop in sales, but it's a race to the bottom. Get in touch to discuss strategies to respond without discounting your product or service and maintaining your gross profit.

Struggling with disruptions, shifting priorities, and frustrating re-work? Streamline your processes and boost your efficiency. Here’s some thoughts on how.

There’s no magic bullet to building a better business; it’s about taking small steps every day to get a bit better than the day before - it all adds up! Get in touch to find out more.

How do you set attainable sales targets in a crisis? We’ll talk you through your business aims, profit goals, and historic sales performance, to set targets that truly deliver on your goals.

A strong company culture underpins all successful, resilient businesses. But how do you develop and maintain a good company culture? We share some This article has some top tips.

Debt is a business risk, but it is also a positive tool that is usually necessary to fund your growth. When debt levels grow, we can help you put a plan in place to manage it.

Negotiation is part of business. Whether you’re the supplier or the buyer, it pays to know how to do it. The best negotiations result in a win for both parties – here are five important steps to help get you there.

Having clean, up-to-date information and data about your customers is a vital part of running your business. But recording, tracking, and accessing this customer information can be tricky if you don’t have the right tools to get the job done.

Your business plan is a roadmap for your business. Outline your vision, set goals, define funding and budget, forecast sales and cashflow, set timelines. Talk to us to create a watertight business plan.

Some companies have implemented ‘alternative’ accounting methods to adjust their financial results for the impact of COVID-19.

Need to revisit your business plan? We can help guide you through the threats and opportunities that lie ahead, with sound financial management at the core of your plan.

We believe having a budget is essential for business success. Talk to us about creating a useful budget in your accounting software as a practical business management tool. We’d love to help you start planning for a great 2021 financial year!

In today's world, we are constantly having to tackle new things and learn new skills. It can be overwhelming,... if you let it. Next time you feel like saying ‘I can’t do it’, replace it with ‘I can’t do it, yet’.

They say never waste a good crisis… and, that if there is a better way to do something (think stale processes), find it now, when the fan is already covered in proverbial. 

With many businesses struggling to achieve pre-Covid sales levels, and the potential for unemployment to spawn a new breed of start-ups, having a customer retention plan has never been more important.

How will you innovate, re-engineer, adapt or widen your lane post-Covid? From tech adoption to product development and blowing up stale processes; a crisis forces change. How are you innovating for your business recovery?

Business debt hibernation is a government initiative that helps companies, trusts, and other business entities affected by COVID-19 to manage the debts they currently have.

The more you understand about your business, your market and your competitors, the better prepared you are. A simple SWOT analysis can be an invaluable tool in your strategic armoury.

What could your business look like from here? Can you streamline your setup for smooth, secure online interaction? Talk to us about building sustainability in your business.

The challenges surrounding our current business environment caused through the COVID-19 pandemic has made many owners question whether the structure of their business is still fit for purpose.

Here are 10 tips to improve your business performance. Eliminate distractions and bad customers, get a plan, use tech, deploy marketing and understand your business numbers. 

The Government has clarified that most, but not all, businesses can start to open under Alert Level 3 from 11.59pm on Monday 27 April.

Having a plan to deal with the fallout from the COVID-19 pandemic is going to be critical to business survival.

Otago start-up Humble Bee is unlocking the secrets of a unique type of bee to tackle the global plastic pollution problem.

Too many New Zealand business people are missing the potential to grow their business by not learning to understand what their numbers are telling them.

Knowing and understanding your customers is key to successful marketing and can give you a profitable advantage. Take some time now to understand your valued customers and you'll be more likely to attract more.

Got a plan for your business this year? We’ll help you pin down your goals and create a financial model that delivers the goods – both for the business and your own personal wealth.