http://www.taxowl.co.nz/blog/ The latest Blog feeds from www.taxowl.co.nz en-us Sat, 29 Aug 2026 02:53:24 +1200 Rocketspark http://www.taxowl.co.nz/blog/post/169026/raising-your-prices-how-to-do-it-effectively/ “The proportion of firms reporting higher costs rose from a net 37% to over half in the June quarter, while the proportion of those able to pass on higher costs by raising prices picked up to a net 41%”... Wed, 19 Aug 2026 00:00:00 +1200 http://www.taxowl.co.nz/blog/#post169026 http://www.taxowl.co.nz/blog/post/169019/keeping-your-tax-and-expenses-in-check-when-you-are-self-employed/ Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits.... Wed, 12 Aug 2026 00:00:00 +1200 http://www.taxowl.co.nz/blog/#post169019 http://www.taxowl.co.nz/blog/post/169017/employment-leave-act-the-impact-for-annual-and-sick-leave-entitlements/ The Employment Leave Bill has received Royal Assent, creating the Employment Leave Act. The Act will come into force from August 2028, with the new legislation delivering an updated approach to employment leave entitlement.... Wed, 05 Aug 2026 00:00:00 +1200 http://www.taxowl.co.nz/blog/#post169017 http://www.taxowl.co.nz/blog/post/167950/plain-english-guide-to-cashflow/ Cashflow refers to the movement of money into and out of your business over a specific period.In the most basic terms, cashflow is the process of cash moving out of the business (cash outflows), and cash coming into the business (cash inflows). The ideal scenario is to be in a ‘positive cashflow position’. This means that your inflows outweigh your outflows – i.e. that more cash is coming into the business than is going out.When you’re cashflow positive, the main benefit is that you have... Mon, 27 Jul 2026 10:30:35 +1200 http://www.taxowl.co.nz/blog/#post167950 http://www.taxowl.co.nz/blog/post/168010/how-much-should-you-pay-yourself/ Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings.As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable – and you need enough money to pay the bills. So how can you find the right level of pay? It has to be enough to keep the mortgage paid, while also building a thriving business.... Tue, 21 Jul 2026 00:00:00 +1200 http://www.taxowl.co.nz/blog/#post168010 http://www.taxowl.co.nz/blog/post/168009/benchmarking-your-business-against-competitors/ No business exists in a vacuum. Whatever sector or industry group you trade in, you’ll be surrounded by competitors, established industry leaders and upcoming challengers.Benchmarking is one way to understand how well your business performance compares against these close competitors, and what the wider-reaching challenges are within your industry.But how does benchmarking work? And what are the key benefits to your business?... Wed, 15 Jul 2026 00:00:00 +1200 http://www.taxowl.co.nz/blog/#post168009 http://www.taxowl.co.nz/blog/post/167202/diy-accounting-vs-hiring-an-accountant-make-the-right-choice-for-your-business/ When you’re starting out as a small business owner, the temptation is to go DIY with your accounting. Hiring a professional accountant or tax adviser costs money and that’s an overhead that you can remove by doing all the financial management yourself, right?But is DIY accounting the most sensible option for your business? And why might partnering with an experienced accountant be a valuable investment in your future?... Mon, 06 Jul 2026 15:44:02 +1200 http://www.taxowl.co.nz/blog/#post167202 http://www.taxowl.co.nz/blog/post/167208/why-your-accountant-is-the-mentor-you-didnt-know-you-needed/ A business mentor can provide guidance and support, so you make the right decisions and stay focused on the end goal as a business owner. They can also help you move forward in your career by providing advice and feedback on what steps to take to reach the pinnacle of success. But have you ever thought of your accountant as a mentor?... Wed, 24 Jun 2026 00:00:00 +1200 http://www.taxowl.co.nz/blog/#post167208 http://www.taxowl.co.nz/blog/post/167207/what-are-fringe-benefits-and-what-are-the-tax-implications/ A key part of attracting new talent to your business is offering a good benefits package. Not all benefits are financial. As part of your package, you may choose to offer what’s known as ‘fringe benefits’ to your employees.But what are fringe benefits and what are the potential implications of offering them?... Wed, 17 Jun 2026 00:00:00 +1200 http://www.taxowl.co.nz/blog/#post167207 http://www.taxowl.co.nz/blog/post/167205/is-your-side-hustle-a-viable-business/ Starting your own ‘side hustle’ can be an exciting project and a great way to see if your new business idea has legs in the current market.But could your side hustle actually turn a profit? And is there a demand for the product or service you're offering?... Wed, 03 Jun 2026 00:00:00 +1200 http://www.taxowl.co.nz/blog/#post167205