Setting up a business can be a daunting task, filled with a lot of unknowns. This was certainly the case for husband and wife team Steve and Angela Bevan, owners of award winning irrigation business; Think Water New Plymouth.
There is a question I am often asked as a professional advisor: “I have made a profit this year, so why do I have cashflow problems?” Making a positive net profit doesn’t necessarily mean you will have a positive cash flow.
NZ IFRS 15 Revenue from Contracts with Customers is the new accounting standard that will replace existing revenue standards and pronouncements in providing guidance on how to account for revenue. The new standard is effective for annual periods from 1 January 2018 and at a minimum one comparative (1 January 2017) period would need to be presented.
In the wake of Fletcher Building’s proﬁt downgrade announcement, there has been a lot of talk about the building industry’s ability to cope with the demands of the current construction peak. It can be said that some companies are over-trading and run the risk of becoming victims of their own success.
Managing the growth phase of any business can be a daunting task. You need to add more services that compliment your existing portfolio and support your current client or customer base but finding that right fit can be hard.
The number of businesses that lose control of their financial situation due to poor management of their finances is significant. This is why we created SR Books, a service that provides accredited Bookkeepers who have been hand picked and matched to our clients based on their skill set.
Following the completion of a major client project, Staples Rodway was asked to put together a case study, not only to show how happy our client was with the result of a brand new IT infrastructure that was built within budget and time frame, but also to help guide other organisations to achieve the same.
In New Zealand many dairy farms are currently owned and operated as family businesses, handed down through the generations, but with volatile payouts and ever increasing land values, will this be the case in the future?