The role of the chief financial officer (CFO) has evolved with modern business requirements. Could you now benefit from their increased skillset? Here’s what the new, modern CFO can offer your business: Strategy Once, chief financial officers were considered the...
Is your chief financial officer (CFO) up to standard? Are they achieving, or are they lagging behind? These are the five signs that it’s time to rethink the CFO role in your business: 1. They aren’t a leader...
Virtual CFOs are a relatively new phenomenon, spurred on by increasing digital accessibility and the demand for business advisory on a budget. However, some virtual CFOs have already distinguished themselves from their peers in terms of quality. We’ve put together the...
A virtual CFO is more affordable, faster, more specialised and more independent than a physical CFO. Don’t believe us? Here are the facts: Affordability For a fulltime CFO, you pay on average just under $140,000 in salary alone....
Almost every business will face the daunting ‘Valley of Death’ before it becomes profitable. The key to survival is not avoidance, but preparation. By planning ahead with the right business growth strategies, you can minimise the time your business...
Most people associate business growth with making big changes––but this doesn’t have to be the case. You don’t need to triple your business overnight; all growth counts, it’s cumulative. Here are four ways to achieve growth by implementing small,...
A good governance board will hold you accountable to your business goals by prompting regular discussion and reflection. Here are four key business growth questions your board should be asking you on a regular basis. These questions are designed...
From 1 April 2017, tax must be deducted from all payments made to contractors working under a ‘labour hire arrangement’ for a labour hire business. This change will impact many businesses and different industries such as: employment agencies, ‘temp’ agencies, on-hire...
In 2015, the Tax Department introduced a ‘bright-line test’ for the sale of residential property. If you buy and sell a property within two years, this test is used to determine if you are required to pay tax on...
Property taxation is currently a hot area of focus for the Tax Department. If you’re buying, selling or renting property in New Zealand, it’s important to understand how property taxation works and your responsibilities as a business owner. Are you...