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Welcome to 2021!

What a year 2020 was… none of us saw that coming! We hope you had a well-deserved, relaxing break! While there’s a lot of uncertainty about what 2021 will bring, we can take our 2020 learnings and plan for a better 2021. As a firm, we learned just how agile our team is. From having to wear the ‘Teacher’ hat to meetings via Zoom… although further apart physically, we grew closer than ever; with each other and with many of our clients. We hope your experience was similarly posi...

January 19, 2021

Planning for seasonal dips in income

Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue.The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income and revenue pipeline over the course of the year....

January 12, 2021

Upcoming tax deadlines

Are you ready for upcoming tax obligations? Review your cashflow forecast for December-January, especially if you are impacted by seasonal revenue.Both November and December GST are due for payment in January as well as provisional tax.If you are concerned you may not be able to pay the tax due, let us know and let’s look at your options.7 December - PAYE - Large employers’ payment due. File employment information within two working days after payday.21 December - PAYE - Small and ...

December 14, 2020

Top tips for building a strong company culture

Like it or not, all companies have a culture. Culture is built around the values, goals, attitudes and practices of a company. It's the way that people feel feel about the work they do, the values they believe in, where they see the company going and what they're doing to get it there.  While it might be easy to define culture in nice words, it can be much harder to grab hold of in daily business, especially when times get tough. A strong company culture is a driving force, underpinning a s...

December 9, 2020

Have you got a strategy for a financially stress free holiday period?

Holiday breaks are a time to spend with family, friends & have a chance to recharge for the year ahead. But, for a business owner this time can be stressful without careful cash flow planning. Even if you do continue to operate through the holiday shutdown season, your customers' financial behavior may not remain the same.It can be pretty disappointing to work hard all year only to find that once you have paid staff, overheads and creditors, you have little or nothing left in the bank to cover y...

December 1, 2020

New payment options at Shelley Tweedy & Associates

We know that times are tough so we are excited to let you know that we have recently partnered with SmartAR to provide you with more convenient and flexible ways to pay your accounting fees.  SmartAR allows us to process payments by credit card*, internet banking and POLi.  This is a secure platform, accessible 24/7 from anywhere with an internet connection.  Head to our website to pay by credit card, internet banking or POLi. Look for the 'Pay Now' option in the main menu, follow...

November 27, 2020

The Fundamentals of a Business Budget

A business budget is one of the essential tools in managing your business finances and actively building your business.A budget shows what you plan to do with your cash over the next year.For a complete picture of your business health, you need to review the profit and loss statement, the balance sheet, the cash flow forecast and the budget. Taken together, these reports allow you to make informed business decisions and monitor performance....

November 26, 2020

Staff Spotlight - Kirsty Johnson

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November 19, 2020

Risk & Reward - The Bright-line Test

In the age of data, Inland Revenue has access to more information than ever before. That means they are watching property sales closely to ensure that tax payers include any property sales caught by the bright-line test in their tax returns. We have recently been notified by the Inland Revenue that they believe several of our clients property sales meet the bright-line rules. And so with this in mind, we thought it timely to review the bright-line rules....

November 17, 2020

Changes to the Small Business Cash Flow (loan) Scheme

The Government has recently announced changes to the Small Business Cash Flow (loan) Scheme.  Under the Small Business Cashflow Loan Scheme, “viable” businesses can get a $10,000 loan. The size of the loan can be extended by $1800 for every full-time equivalent employee the business has, up to 50 employees. Initially available to 31 December 2020, business will now be able to apply for the loan up until 31 December 2023. The interest free period on the loan has been extended from one ye...

November 12, 2020

Building a Better Business in 10 Steps

You’re in business, congratulations, that takes courage and commitment.It’s not easy, and at times you might question why you’re even doing it, particularly after the impact Covid-19 and the associated lockdowns had on business.But you’re here because you had a vision. You decided being in business was a better way to achieve that vision than working for someone else. And, you’re right; you just have to work on it.It's likely that you're an expert at what you do… maybe you’re ...

November 10, 2020

Digital marketing on a shoestring budget

Promoting your goods and services to potential customers is at the heart of running any successful business. And to advertise your brand in the modern world means diving into the world of digital marketing – i.e. online promotion activity for your business.87% of consumers begin their search for a product online, according to recent research. So having an ‘online presence’ is critical if you’re going to engage with prospective customers, create sales leads and generate enquiries for your...

November 3, 2020

Cutting costs or increasing your prices?

With more than 85% of SMEs expecting a lower profit in the next nine months, the more prepared you can be for the unexpected, the better. Managing expenses is a good idea at any stage in your business and you may need to consider increasing your prices....

October 28, 2020

Staff Spotlight - Kirsten Rose

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October 22, 2020

An overview of the new Trusts Act 2019

The Trusts Act 2019 comes into force on 30 January 2021 and is the first major Trust reform in New Zealand in almost 70 years. The aim is to make the law more accessible and easier to understand. Most of the changes relate to Trustee obligations and strengthening the ability of beneficiaries to hold Trustees to account.If you have a Family Trust, or are involved in a Trust in some way, you must make yourself familiar with the provisions of the Act and ensure your Trust is compliant....

October 20, 2020

Dairy Farmers - Know Your Numbers

Following the announcement of Fonterra's annual results last month, Shelley and Kirsty joined four local regional managers from Fonterra at the Cambridge Rural Professionals meeting on Wednesday morning. Aside from the financial result, the team gave an overview of The Co-operative Difference. This is a framework designed to help farmers produce high-quality, sustainable milk and aim to prepare farmers for changes needed in the future. The Framework has five areas of focus and when all five step...

October 14, 2020

Setting Sales Targets

Setting sales targets for your business is standard practice for any aspirational, growing company. If you’re going to stretch the sales and marketing teams, it’s important to have clear, unambiguous targets for them to aim for. But what happens when a crisis looms?In uncertain times it’s more than likely that your pre-crisis sales targets will effectively become unrealistic and impractical for your teams to use.So, how do you set sales targets during a crisis? And how can you ensure these...

October 13, 2020

Inspirational podcasts for your business

Podcasts can be are a great source of inspiration. You can listen to them anywhere, from your morning commute to your walk around the block, or even while you're cooking dinner.   The current crisis has challenged normal business activity. With all the stress, it might just be time to challenge your thinking and consider where you want your business to head. Are there opportunities you can grab? These podcasts might provide the inspiration for your business planning or just something i...

October 8, 2020

Staff Spotlight - Denise Hare

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October 2, 2020

4 burning questions SMEs are asking

This time last year, you might have been pondering Christmas bonuses or booking your summer holiday, but with a completely different business landscape in front of us, your head is no doubt filled with different questions. Here we explore four common topics keeping Kiwi business owners up at night. ...

September 30, 2020

Are you paying yourself too little?

You probably didn’t get into business just to make money, but it is (and should be) part of the equation. Getting your salary right is an important part of a healthy business. Pay yourself too little and your bills will go up as your motivation goes down. Too much, and you might be at risk of breaking the law – many countries have rules around how much business owners in different sectors can take out....

September 22, 2020

Have you seen our new website?

If you've walked through our doors, you know that we love to get to know you. We wanted our website to reflect the truly personal approach that is Shelley Tweedy & Associates.  The website boasts a fresh new look and user-friendly navigation and it's been updated with all the latest information about us and our team. Huge shout outs to Sirjana & Ben from Tinted Photography and Ella from Layers by Ella for your incredible work on our photo shoot. We are absolutely thrilled with the results!...

September 15, 2020

Succession planning for small businesses

It takes guts to start a business. It also takes a strategic mindset to succeed.Business owners are no strangers to weighing risk and navigating uncertainty, but the current climate has dialled everything up. Many business owners face the uncomfortable position of having to remap carefully thought-out succession plans and exit strategies and to consider selling their business before they’re ready and, possibly, for less than it's worth....

September 14, 2020

The obvious and unexpected benefits of having a personal budget

Having a personal budget is essential to gaining control of your personal finances. Budgeting doesn’t necessarily mean restriction; it frees up your money, so you know exactly what’s available to spend....

September 8, 2020

Does your business have a CRM tool?

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. Client relationship management (CRM) tools offer a fast and effective way to manage all of this customer information. A CRM solution provides one central hub for recording all your customer data. This data could be the basics of customer name, address and ...

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